Excessive spending on online raffles for houses, cars, hol­i­days and cash can be a red flag in loan applic­a­tions, affect­ing how much fin­ance firms are pre­pared to lend. This information comes at a time when online con­tests for massive prizes have been grow­ing in popularity.

But, what should you know about how it affects your risk of loan applications?

Joining Shane to discuss is Padraic Kissane, Financial Advisor.