@smallfry wrote:
Depends. Could mean you have too much available credit or you are trying to increase credit limits in order to move your debt around without actually paying it off. Like a balance transfer.
@smallfry wrote:
Depends. Could mean you have too much available credit or you are trying to increase credit limits in order to move your debt around without actually paying it off. Like a balance transfer.
It is a common term Casino's use. The casinos also refer to the customers as "rounders" . The phrase does refer to a customer seeking credit.
I am retired from the gaming industry and I find it ironic that my local bank branch manager (US BANK) tells me they are hiring consultants from the "credit departments" of the gaming industry to help them in their CC business, as over the years the gaming industry has had significantly lower losses on extended credit.
In this credit climate I think we will see more of this, as frankly lenders are looking for ways to accomodate customers BUT also want to do it with the least amount of risk.
When I told him (the branch manager) how the casinos operated (in regards to credit) he could not believe it, because of the simplicity.
Of course he did not know how others in the banking business would view the system used by casinos but told me US BANK was looking for the best methods to provide maximum credit with minimum risks.
Something tells me, more banks will start this because frankly, when one bank sees another having success, they do try to copy it.
