How Does Online Betting Influence Your Credit Score?

We received this question from Neil in Cumbria, a long time Which Bookie reader. Neil contacted us to ask:

As a frequent online bettor who uses a credit card for transactions, I've been told by a colleague that this could appear on my credit history. Uncertain about this claim, I'm seeking clarity: will online betting impact my ability to secure loans or a mortgage?

This chatter is something we've encountered before, and we're happy to clarify the facts.

Clarification: Online Betting Has No Bearing on Credit Scores

Neil's doubt was justified, as his co-worker's claim was incorrect. The reality is that online gambling will not influence your credit score in any way.

Betting online is a widely accepted form of entertainment, enjoyed by millions across the globe. Using your credit card at a reputable online bookmaker is akin to making other typical purchases.

Your credit card company doesn't disclose your betting activities, and even if they did, other lenders wouldn't view it negatively.

This holds true regardless of the payment method – whether you deposit and withdraw using PayPal .

Then What Does Influence Your Credit Rating?

Many elements can impact your credit score, but online gambling with a bookmaker isn't one of them.

Problems would only arise from failing to pay your credit card bill on time, an issue irrespective of spending type. So long as you manage payments properly, your credit score remains unaffected.

To avert issues, always follow the golden rule of gambling online: never bet beyond your means to lose.

When someone suggests that online betting damages credit, you can confidently correct them. If you were anxious about its safety, sign up at an online bookmaker we hope to have put your mind at ease.

References

• What affects your credit rating? – Uswitch.com
• Insights from Your Credit Score – This is Money (UK)