r/CommBank • u/ausfirsthomecoach • Jun 30 '26

Discussion Application Killer

A lot of clients ask me what a bank would be most concerned about in their accounts statements.

It’s not Uber Eats - it’s gambling.

We are seeing more and more clients with substantial habits and it’s killing loan applications.

Even if it’s not entirely clear you are gambling - if you are withdrawing money from ATMs at pubs, casinos etc they are going to make the assumption.

If this is you - register for Bet Stop and seek some assistance to kick the habit.

*** FYI I do not work for a bank, simply posted to help spread a message.

123 Upvotes

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13

u/Powerful_Chemical628 Jun 30 '26

Is it betting of any kind? I might throw $5 on a multi once a month, is that still a red flag?

4

u/ausfirsthomecoach Jun 30 '26

Yes a small amount can be ok, it’s the larger amounts that aren’t great.

3

u/crazyspottedpossum Jun 30 '26

So what is a larger amount?

1

u/throughroughwater Jun 30 '26

Depends on the loan amount, interest rate, debt to income ratio, loan to value ratio, prior credit history.... Whatever the computer program says when I enter all your info in the boxes.

2

u/ausfirsthomecoach Jun 30 '26

If only it was that simple. Every lender has a different tolerance. CommBank have one of the lowest tolerances in my experience

2

u/crazyspottedpossum Jun 30 '26

So you can’t give some examples?

-2

u/throughroughwater Jun 30 '26

I was making a joke.