Poker Poker Poker!: Re: [vpFREE] Re: Bob Dancer's LVA

I was more concerned that rating agency might view casino credit in a different light and more negatively than regular credit cards.

Any thoughts on that issue?

On Aug 6, 2014, at 9:31 AM, Albert Pearson ehpee@rogers.com [vpFREE] <vpFREE@yahoogroups.com> wrote:

I suppose it could if
1. You owed a lot of money on a number of credit lines.
or
2. If you applied for a bunch of credit lines within a short period of time.

Simply having a number of credit lines that are active should not cause a problem.
It's like credit cards, if you have a number of them, but don't have big balances on all of them, or don't go out and apply for 5 new credit cards in a week, you will not have a problem.

Regards

A.P.

From: "jaycee5353@aol.com [vpFREE]" <vpFREE@yahoogroups.com>
To: vpFREE <vpFREE@yahoogroups.com>
Sent: Wednesday, August 6, 2014 10:16:42 AM
Subject: Re: [vpFREE] Re: Bob Dancer's LVA - 5 AUG 2014

Does having several casino credit lines open have any effect on your credit ratings?

On Aug 6, 2014, at 7:15 AM, harry.porter@verizon.net [vpFREE] <vpFREE@yahoogroups.com> wrote:

Just to add, cash/ATM works well in most cases for most places (particularly if you have a bank account that will reimburse the more exorbitant of casino ATM fees).

However, having credit lines available can be handy when you're taking an extended casino trip (say, a week in LV) and don't feel comfortable carrying cash against the risk of a particularly sour run, or risk running up against restrictive ATM limits.

I've also found one useful when I come upon a promotion that induces me to risk more than I had planned, or simply when I happen upon an unexpected play.

I have around a dozen open casino credit lines. I seldom tap them, in aggregate, more than 2 or 3 times a year. (I am, by and large, a "cash player".) That inactivity sometimes means that I need to wait for an advance while they refresh their records. However, aside from that, there have been no adverse consequences.

---In vpFREE@yahoogroups.com, <Nordo123@...> wrote :

Thank you Albert, Bruce and roaches. I might be slowly changing my mind about casino credit. Call me old school however, I still feel uncomfortable with having a line of credit at casinos. I will remain a cash player.

Sent from my iPhone