Instant Financing  Cheking Account

Checking Account for Bad Credit

Non ChexSystems Bank Account

Free Direct Deposit

 Second Chance Checking Account

ChexSystems Problems? No Checking Account? Why stand in line for cashing your paycheck or monthly income check? Start banking today! Shop, pay bills online!

If you are listed in ChexSystems, it's for five years. You can request ChexSystems to remove the incident, it up to them and the bank, but in the interim, open a second chance checking account. Free direct deposit, free online bill pay. No overdraft fees!

No ChexSystems or Credit Check!

No Checking Account? Second chance checking account featuring free direct deposit. Why stand in line to cash your check? Get an instant account number start online banking today! Included MasterCard debit card, use it to shop or pay bills online or by phone! Online account access takes the guess work out of banking!

 
 

Can't Open a Checking Account?

Now You Can!

Get a Second Chance!

No Credit Check!

No ChexSystems!

Free Direct Deposit!

No Overdraft Fees!

Checking Account No credit check, no chexsystems 

 

More Than a Cereal: What You Should Know About ChexSystems

Posted By mrsmicah On October 29, 2008 @ 10:30 am In banking & savings | 10 Comments

If you’re concerned with your [1] credit score and general financial healthy, you’ve probably heard of Experian, Equifax, and TransUnion. They collect information about how much available credit you have and how you use it. What you may not be aware of is that there’s a similar group who monitors how you bank.

ChexSystems is a consumer reporting agency which compiles a report of everything that your banks have reported in your last 5 years of banking. But unlike credit reports, Chex reports only contain negative information.

When you’re joining a new bank, you may be denied an account if your Chex report includes enough negative items (even 1 may do it). It’s the bank’s way of protecting themselves (and their other customers). Unfortunately, if you have a good history overall, a few mistakes may make banks consider you too much of a risk.

What’s In a ChexSystems Report?

A number of things may go into a ChexSystems report. If you frequently overdraw your account (bouncing checks) or if you deposit a lot of bad checks, that may show up on your ChexSystems report. If your bank thinks that you’re trying to defraud them or defraud others through your account (using it to run a [2] 419 scam would be a random example), they may report it to your ChexSystems report.

One thing that’ll definitely be on your ChexSystems report: unpaid balances with the bank itself! Overdraft charges, fees, unpaid lines of credit, if you owe them and don’t pay, it’ll end up on your ChexSystems report.

The good news is that ChexSystems doesn’t automatically see your account activity, your bank has to choose to report it. So if you bounce a few checks but clear everything up right away, your bank may not report it at all. Often banks have guidelines about what does and doesn’t get reported. But if you let your account remain delinquent for 3 months or if you commit fraud, it’ll probably end up in your report.

Can I See My ChexSystems Report?

Because ChexSystems is under the same rules as the three credit bureaus, you can [3] order your ChexSystems report once a year and if you’ve been denied a bank account because of it in the last 60 days. (You can get free copies of your credit report from each bureau, once a year at [4] annualcreditreport.com.)

And you can [5] place an alert with ChexSystems if your ID has been stolen, just as you do with the credit reporting agencies.

How Can I Improve My ChexSystems Report?

First, the ChexSystems report only contains information from the last 5 years. Anything before then doesn’t count. So start by getting your financial life in order going forward. If nothing else, time will take care of it. Also, some banks will still let you open accounts as long as you don’t have any issues from the last year and have paid everything, so a problem in a ChexSystems report may not keep you from getting a bank account.

In getting your finances straight, talk to a bank representative about how you can fix the problems they’ve reported. Work with them to figure out you can pay and what the bank will accept. If you’re somehow in too deep, the bank may be willing to settle for less than the amount owed. So don’t give up if it seems too big, remember that the bank would rather have some money than nothing.

Once you’ve paid your bank, you can request that they ask ChexSystems to remove the incident entirely. The bank is required to update the information by adding that you’ve paid or settled the account, but they’re not required to ask that it be removed. Remember this when you’re working with the bank representative. Politeness can pay off big.

If your ChexSystems report includes errors, you may [6] file a dispute just as you can with credit reports.

Can I Get a Bank Account Despite a Bad ChexSystems Report?

Maybe. A lot of it depends on what’s in your report and which banks you try. A good place to begin is [3] getting your annual free copy. Of course, if you’ve just been denied because of ChexSystems you’re also entitled to a free copy.

Talk to all the banks and credit unions in your area, different ones have different approaches and some don’t even check with ChexSystems. If they’ve denied you, ask to meet with someone from the institution and find out if they offer you any other options or if they know of reputable banks which will offer you second chance bank accounts. For example, Wells Fargo has what they call [7] “opportunity accounts” for people with poor banking or credit history.

If you have any bank accounts open, don’t close them unless there’s something very wrong with the bank. By “wrong” I mean that the bank is mishandling your payments, losing your money, or something dramatic. If you’re having trouble opening a new bank account, then you may have to put up with monthly fees, low interest, etc for now. You can try opening other accounts, but don’t close the old one until you have a new account established.

Non ChexSystems List of Non ChexSystems Banks
Is it discrimination to cancel a customer’s checking account for their bad credit? Consumerist

Banks performs periodic checking account reviews and will close accounts from customers who may abuse their overdraft protection then report to ChexSystems Consumerism Commentary: Personal Finance Blog

Consumer Website ChexSystems - Wikipedia

100 Days of Freedom

You see an advertisement for a Cash Advance or Payday Loan and your heart sinks a little bit. You need the loan, but you know they'll want you to pay it back within two pay periods-14 days-and how are you ever going to swing that?
I mean, I guess you could ask for an extension, but you also know what that means: Additional fees. So, it seems impossible! How are you ever supposed to get a handle on your funds if the Cash Advance and Payday Loan Lenders only give you 14 days?
But consider THIS option: What if you could pay them back over 100 days? Could you do it then? Of course you could. And so you've come to the right place: 100DayLoans.com. We are a refreshing new idea sweeping the internet of disappointed Payday Loan customers by providing them with a better alternative. In other words, we offer the same funds, but with more time to pay them back. It's 100 Days of Freedom! What could be better than that?

 Site Book 1 Directory

Low Rate Credit Cards Online

 

How Low is Your Rate?

BadCreditInfo.com  Improve FICO Score

 
 

© 2008 InstantFinancing.com
Updated 04/30/14

Home | checking account | home loan california | links | bank account | privacy | refinance | used cars los angeles | van-nuys