07-15-2009 11:47 AM
Would an underwriter frown upon someone if they made a deposit over $1,000 that was related to gambling winnings? What type of documentation could I provide to them to show what it was? Would an online gambling account statement be ok? Or should I just make something else up?
07-15-2009 12:17 PM
They're checking to see if I can provide a letter of explanation. Deposit was only 1200 and wasn't even used towards any of the down payment. I just used it to pay off my credit cards. Figured I'll be fine as long as I actually claim the winnings on my tax return at the end of the year.
07-15-2009 01:33 PM
07-15-2009 01:40 PM
07-15-2009 05:14 PM
You got the money somehow, whether a check, direct deposit, et al. Surely there is a record. Make a copy. (If a casino win comes in over $1,199, there will be an associated tax form. Did you win it in one sitting, or over time?)
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO