If you struggled with gambling in the past, is it more difficult to get a loan?

R

Rivas

New member
I used to gamble frequently, and my bank statements from past years reflect numerous transactions to online casinos. However, I've never been in debt or had any overdrafts, and I have over $30,000 in savings. If my statements show no gambling transactions for about a year, would that essentially reset my history and provide a fresh start?
 
Usually, banks ask for 6 months of statements when you apply for a mortgage. It's better to have a year's worth without any issues. If you're applying to your own bank, they can check your history as far back as they need to.

How's your credit history? Any outstanding debts or bills? Big problems with credit cards? Have you ever declared bankruptcy?
 
The standard is usually 6 months, and even if you use Revolut, they'll likely ask for the same. Just make sure your statements are spotless for those 6 months, and you shouldn't have any problems.
 
If you've had any issues, it might affect your loan application. But if you gamble responsibly, save money regularly, and have a good track record of smart financial decisions, it shouldn't be a problem at all!
 
If you've never gotten into debt because of gambling, it means you're gambling responsibly, which doesn't reflect badly on you. I'd say you'll be fine.
 
It all depends on your skills. I know a friend who has placed bets worth $10 million in sports betting over the past year.
 
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