have attempted to use
their casino credit lines as short-term business
loans at no interest.
If casinos discover
you doing this, they will not only cut off your
credit, they’ll say bad things about you behind
your back -- and you won’t get credit at other
casinos when the word gets out that you’re
a “walker.” So never walk with the chips.
How much time do casinos
give you to pay the piper? If you borrowed up to
$1,000, you usually have seven days to pay up. If
you borrowed between $1,001 and $5,000, you usually
have 14 days; and if you borrowed $5,001 or more,
you have between 30 and 45 days. Each state will
have slightly different timetables but the above
is representative.
But what if you borrowed
$1,001 and only (only?) lost $500 of it? Here you
have a choice. You can pay back the $500 that is
left and wait the two weeks for the casino to collect
the rest, or you can simply write a check for the
other $500 on the spot. (Some casinos want first-time
credit players to do this until it is firmly established
that they are not risks.)
Good
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