What Happens If You Don’t Pay Back
Your Casino Credit?
Casino credit is a convenient way for gamblers to get access to gaming funds
without having to carry cash kfc4u. Most casinos offer the service and there are several
benefits to using it.
There are many ways to apply for casino credit, including online. You can also fill out
a form in person at the casino cage or in the credit department. You may even have
to take an ID along for verification.
The credit manager will review your application and decide whether or not to issue
you a credit line. Depending on your credit history, average available cash in your
checking account and other factors, the amount of your credit line can range from a
few hundred dollars to a few thousand.
You can use your casino credit to request chips at the tables or to play slot machines
and video poker. You can also use your credit to cash a personal check or a bank
wire.
If you are a regular player who uses the marker for chips at the table, it can be
useful to know about what happens when you donâ€TMt pay back your debt. Under
Nevada law, markers are like a standard bank check and if you donâ€TMt pay them
back in time, the casino can report your debt to the credit bureaus, which will
negatively affect your overall credit rating.
Most casinos donâ€TMt issue a huge line of credit, typically between 10 and 20
percent of your total buy-in, and they want you to pay it off quickly. If you exceed
this limit and you donâ€TMt have the money to cover it, the casino will revoke your
credit.
Youâ€TMll then need to pay off your markers and you can do this either by using
chips from the marker or by bringing them to the credit department at the casino
cage. The credit department will then process your payments and deposit them into
your account.
When you are ready to pay your markers, visit the cashierâ€TMs cage or the credit
department at the casino and present your identification. The credit clerk will then
ask you to sign a marker.
Once you have signed a marker, the casino will send it to your bank and you will be
expected to pay that amount back in 15 to 45 days. If you donâ€TMt pay it back in
time, the casino will file a bad check charge with your bank and can even pursue
criminal charges against you.
The casino may be willing to extend your time for payment, if you are honest with
them and explain your situation. The casino will also let you make up the debt
before involving the courts, but this is rare.
Generally, if you lose and canâ€TMt afford to pay off your marker, the casino will give
you extra chips on the next visit so that you can get through. This can be helpful if
you are going to lose a lot of money in a single visit, but itâ€TMs not recommended
for players who donâ€TMt have enough cash on hand.