Wager Works Ran A Credit Check On Me

[guesswest]

I'm not a regular poster so I don't know if this has been covered in the past, apologies if so.

I was looking at my UK credit report today and I noticed a few months ago Wager Works ran a credit check on me. I assume this possibility is buried somewhere in their T&Cs (I don't even know which site it was so I can't check this), but even if so I think most peoples' assumption would be that they would only do this if they had an unusual and compelling reason to do so, ie strongly suspected fraud. In my case I hardly play at WW and have never deposited or cashed out any large amounts, so I can only assume this is a routine/random thing.

It's a big deal IMO. Firstly, it automatically knocks a few points off your credit score anytime someone runs it. Secondly, would be creditors can see how many enquiries are lodged, and the more you have the worse it looks, because the assumption is that all of them are from people who you have requested credit from. And lastly it's a gambling company - chances are most people won't know the name, but if they do they'll tag you as a gambler, and that's never going to look good on a credit application.

I'm not going to go as far as to say there are no circumstances at all under which a casino would be within good practice to run your credit, but it's a significant intrusion of privacy and I just want to make aware anyone who isn't already that they might do this.

[rockycatt]

I'm not a regular poster so I don't know if this has been covered in the past, apologies if so.

I was looking at my UK credit report today and I noticed a few months ago Wager Works ran a credit check on me. I assume this possibility is buried somewhere in their T&Cs (I don't even know which site it was so I can't check this), but even if so I think most peoples' assumption would be that they would only do this if they had an unusual and compelling reason to do so, ie strongly suspected fraud. In my case I hardly play at WW and have never deposited or cashed out any large amounts, so I can only assume this is a routine/random thing.

It's a big deal IMO. Firstly, it automatically knocks a few points off your credit score anytime someone runs it. Secondly, would be creditors can see how many enquiries are lodged, and the more you have the worse it looks, because the assumption is that all of them are from people who you have requested credit from. And lastly it's a gambling company - chances are most people won't know the name, but if they do they'll tag you as a gambler, and that's never going to look good on a credit application.

I'm not going to go as far as to say there are no circumstances at all under which a casino would be within good practice to run your credit, but it's a significant intrusion of privacy and I just want to make aware anyone who isn't already that they might do this.

i agree with your stance ,but are you shure that a credit inquiry will be a negative thing , im not so shure because lets say i price haggle for a auto /house loan these peeps will check my credit and ive bot nothing /done nothing its just history [ive seen a negative remark on a credit report before and there is no mistaking that

also there are other things on a credit history like all the places you have had a account paid off [remarks] but just a merchant inquiry ??

[guesswest]

i agree with your stance ,but are you shure that a credit inquiry will be a negative thing , im not so shure because lets say i price haggle for a auto /house loan these peeps will check my credit and ive bot nothing /done nothing its just history [ive seen a negative remark on a credit report before and there is no mistaking that

also there are other things on a credit history like all the places you have had a account paid off [remarks] but just a merchant inquiry ??

It's never going to be a good thing, at best it makes no difference. In the example you give the primary concern is that a would-be lender is going to think you bought/did nothing because you got refused credit. Even if they don't mistake it for a credit request, it's still a gambling provider right there on your credit report - if they know the name or choose to google it they're going to know you take -EV gambles with your money and might conclude you're a risk.

It is lodged as a 'generic/identity' query on the report as opposed to a request for credit, but IME those tags don't mean much - there is a real credit request elsewhere on the report with the same tag. It's not the end of the world or anything, it's unlikely to make a big difference, and won't make any in my case as I don't live in the UK anymore - but I was surprised to see it on there and thought I should warn people.

[GGW Laurie]

Its an intrusion of your privacy imho and can also knock off a few points sometimes.

Did you you sign anything stating they could run a credit check on you? I have seen this at B&M casinos when applying for casino credit but im not sure about online gaming.

I dont think i would like to see alot of Inetbet and 3 Dice enquiries on mine and would be highly pissed and would never play there again. What casinos out there pulls crap like this without telling a player or getting his/ her ok.


Laurie

[Webzcas]

When you say Wagerworks, do you mean the software company or a casino that uses their software?

Seems extremely highly irregular to me and I would be very annoyed if a casino did that to me.

[guesswest]

Its an intrusion of your privacy imho and can also knock off a few points sometimes.

Did you you sign anything stating they could run a credit check on you? I have seen this at B&M casinos when applying for casino credit but im not sure about online gaming.

I dont think i would like to see alot of Inetbet and 3 Dice enquiries on mine and would be highly pissed and would never play there again. What casinos out there pulls crap like this with out telling a player or getting his/ her ok.


Laurie

I didn't knowingly sign anything stating they could run a credit check on me, though if it was in the t&cs I guess I would have done so implicitly by opening an account.

I certainly didn't receive any credit from them. I don't even know what casino it was so I can't check their t&cs - it also seems kinda weird to me that is the network operator and not the casino doing the check, I don't know how that works.

[guesswest]

When you say Wagerworks, do you mean the software company or a casino that uses their software?

Seems extremely highly irregular to me and I would be very annoyed if a casino did that to me.

The query is from 'WAGERWORKS UK LIMITED.' I assume it is a particular casino that requested it but I don't know which - am not sure why it originates from the network name and not theirs.

[takethemoney]

I, personally would be livid! That's why I never register or play anywhere until I have read the T&Cs with a fine tooth comb. The last thing I would want is for anything gambling related to be on my credit report. In the USA, nobody can run your credit unless authorized and they need your social security number to run it anyway, which I would never give to an online casino. I'd pass on play there, if ever asked for it.

[Webzcas]

In the USA, nobody can run your credit unless authorized

Same in the UK as well. You have to be made very aware that a credit check needs to be performed and provide your approval. It can't be hidden away within T & C's.

I've not heard of a casino do this before. No excuse to be part of a security check either. Especially as the casino is not providing credit. Sportsbooks provide credit facilities to their high rollers, but online casinos don't.

Besides in many jurisdictions a gambling debt is legally unenforceable. ( Gibraltar is one of a few notable exceptions )

I have flagged this thread for Bryan/Max/Simmo to look at.

[silcnlayc]

guesswest: It's a big deal IMO. Firstly, it automatically knocks a few points off your credit score anytime someone runs it. Secondly, would be creditors can see how many enquiries are lodged, and the more you have the worse it looks, because the assumption is that all of them are from people who you have requested credit from. And lastly it's a gambling company - chances are most people won't know the name, but if they do they'll tag you as a gambler, and that's never going to look good on a credit application.

Ok, relax. I pull credit reports for a living. You will not lose any points. If you go online, and check you report you will see NUMEROUS inquiries into ones credit without permission simply because once you get a credit card, an auto loan or whatever...you are open to these inquiries..they do not affect your credit report.

Many credit card companies are extremely guilty of looking into a person credit history to offer them cards and specials. Just as others do. Check your credit online for free and you will see the list of inquiries ...you might be quite surprised on who is interested in you!

By law, anyone looking into credit of anothers cannot affect it unless it was ordered by the owner of that credit which is you. Then you will have points addressed against your credit if you APPLIED for credit.

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