Casino credit allows qualified players to access funds for gambling purposes without having to use actual cash 24 hours a day, seven days a week. The process is a bit complicated and varies from casino to casino, but the gist of it is that the casino issues a “marker” (a post-dated check) for a specified amount, which can then be withdrawn using casino chips or at any of its table games or slot machines.
Markers are repaid with funds from the player’s checking account, and casinos usually require that the marker be paid in 15 to 45 days. Unlike traditional bank loans, past-due balances and amounts spent on casino markers are not reported back to consumer credit reference agencies.
Most casinos will check your credit rating and history with one of the three major consumer reporting agencies, Experian, Equifax or TransUnion to determine if you are a good candidate for chelsea 888 casino credit. The amount of your credit line will depend on your credit history, the average available cash in your checking account, and other assets you may own. The casino will also check to make sure you have the money in your bank account to repay the marker.
In most cases, you will need to present an up-to-date government-issued photo ID in order to obtain a casino credit line. The casino may also ask you to verify your address and/or income in order to qualify for a line of credit.
If you want to use casino credit, you will need to submit a Credit Application, which can be downloaded from the casino website or obtained at its main cashier cage. The credit department will then review your application and contact you with a decision.
While a line of casino credit is great for many players, it’s important to remember that you’re borrowing money at 0% interest and you have to be able to handle the risk associated with it. Many players who get buried in casino credit debt find themselves facing bankruptcy and other financial problems. In addition, if you’re not financially disciplined enough to manage a casino credit line responsibly, it can become very easy to spend more than you have in your checking account.
It is also important to note that most of the time, if you’re not able to pay off your chelsea.888 casino credit, the company will send you a letter asking you to pay up within a set time period or face stiff criminal penalties. In that case, it’s best to contact an attorney as soon as possible.