As far as I know there is no self reporting "requirement" on multiple credit withdrawals that exceed $10000 in a single day. I just would to show IRS no structuring intent on my part. I guess that is one of the reasons why I don't have casino credit, I don't wish to deal with all these hassles, I would rather have enough cash with me. Thanks Harry for the good advise.
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What about local casinos outside of Nevada. If I establish a line of credit at my local casino do they not at the very least get a credit report on me from one of the big three? It would at least involve an inquire and I understand that inquires are used in calculating your credit score.
On Aug 6, 2014, at 1:07 PM, Nordo…@…com [vpFREE] <vpF…@…com> wrote:
As far as I know there is no self reporting “requirement” on multiple credit withdrawals that exceed $10000 in a single day. I just would to show IRS no structuring intent on my part. I guess that is one of the reasons why I don’t have casino credit, I don’t wish to deal with all these hassles, I would rather have enough cash with me. Thanks Harry for the good advise.
Sent from my iPhone
Every time I have applied for casino credit including casinos outside of Nevada and the U.S. The only thing that they checked was my bank balance via a request from my local bank branch.
As has been mentioned by others, a casino line of credit is basically a glorified check cashing service.
Regards
A.P.
From: “jaycee5…@…com [vpFREE]” <vpF…@…com>
To: vpFREE <vpF…@…com>
Sent: Wednesday, August 6, 2014 2:30:52 PM
Subject: Re: [vpFREE] Bob Dancer’s LVA - 5 AUG 2014
What about local casinos outside of Nevada. If I establish a line of credit at my local casino do they not at the very least get a credit report on me from one of the big three? It would at least involve an inquire and I understand that inquires are used in calculating your credit score.
On Aug 6, 2014, at 1:07 PM, Nordo…@…com [vpFREE] <vpF…@…com> wrote:
As far as I know there is no self reporting “requirement” on multiple credit withdrawals that exceed $10000 in a single day. I just would to show IRS no structuring intent on my part. I guess that is one of the reasons why I don’t have casino credit, I don’t wish to deal with all these hassles, I would rather have enough cash with me. Thanks Harry for the good advise.
Sent from my iPhone
My experience has been mixed. More often than not, there’s no credit bureau pull.
However, as recently as this April an app for a credit line at Atlantis in Reno resulted in a TransUnion pull.
I don’t sweat CRA pulls. Yes, each one dings you for 2-4 points. My scores are strong enough to more than past muster even with half a dozen or so pulls each year against a given CRA.
—In vpF…@…com, <ehpee@…> wrote :
Every time I have applied for casino credit including casinos outside of Nevada and the U.S. The only thing that they checked was my bank balance via a request from my local bank branch.
As has been mentioned by others, a casino line of credit is basically a glorified check cashing service.
Regards
A.P.
From: “jaycee5353@… [vpFREE]” <vpF…@…com>
To: vpFREE <vpF…@…com>
Sent: Wednesday, August 6, 2014 2:30:52 PM
Subject: Re: [vpFREE] Bob Dancer’s LVA - 5 AUG 2014
What about local casinos outside of Nevada. If I establish a line of credit at my local casino do they not at the very least get a credit report on me from one of the big three? It would at least involve an inquire and I understand that inquires are used in calculating your credit score.
On Aug 6, 2014, at 1:07 PM, Nordo123@… [vpFREE] <vpF…@…com> wrote:
As far as I know there is no self reporting “requirement” on multiple credit withdrawals that exceed $10000 in a single day. I just would to show IRS no structuring intent on my part. I guess that is one of the reasons why I don’t have casino credit, I don’t wish to deal with all these hassles, I would rather have enough cash with me. Thanks Harry for the good advise.
Sent from my iPhone