Saturday, December 25, 2010

Chexsystems-Bad Credit Bank Accounts

Technically talking, ChexSystems is a CRA (Consumer Reporting Agency) even though the data it only keeps stalk of patrons who have had an unhelpful banking record.

Negative banking histories can open a pool account at any lean regardless of your credit report. The 3 chief repute bureaus.

So, can a, someone with terrible status open a checking account? Yes, while the stack does not twitch your acclaim.
This is because most gear, you can embrace accounts that have been reported for extreme NSFs, outstanding debt, account abuse and fraud.

In most banks and ChexSystems, is that the praise bureaus (Experian, Equifax and Transunion) only keeps report of a consumer’s trust account, while ChexSystems maintains a list of banking histories. And disparate the honor bureaus, ChexSystems does not keep tale of accounts in good standings, which means it collects is a bit different from The main difference between the glory bureaus and thanks unions use ChexSystems to verify new accounts. There are some banks that actually use both ChexSystems and prestige inform, but This is not regular.

Monday, December 20, 2010

Chexsystems bank account

If you are now reading this article, i'll bet that you can't get a checking account.Perhaps now you are searching for a no chexsystems bank account checking. It might get hard to find one, because getting a checking account is not an easy thing to do nowadays especially we had bad credit report previously with banks.However there always a way to get around the chexsystems and get a checking account.People with worst credit report background also tend to find a way to get a non Chexsystems bank account.

Searching through the internet is the fastest way.I bet you can try it out since it was the fastest and easiest way to look for and at the same time can compare which banks Chexsystems bank account and which is not.I understand that being rejected from opening a checking account is no fun at all.Chexsystems bank account is fussy since they will find all info regarding your social security number and check your credit background to see whether you have bad credit report.But i do believe that you can get a checkingChexsystems bank account account without chexsystems.

I pretty sure everyone can search banks that do not have chexsystems to get a bank account.If you find one, definitely there will be no issue on gettting a new savings account.With a little searching, you can get a checking account without being looked for on the Chexsystems list.

Monday, December 13, 2010

How to Get Bank Account with Bad Credit

As stated, here are the main ways you can get a bank account if your name is in ChexSystems

1. Get an Online Bank Account

Many online bank accounts are not affiliated with ChexSystems. There are quite a few reputable bank accounts out there and more than a few don’t require a ChexSystems check. You can sign up for a legit online bank account here that’s guaranteed not to use ChexSystems or you can do a general web search online. Short of actually getting a normal bank account, this is the best solution I’ve yet found online. Just make sure you are getting a legit bank account as there are a lot of scams out there. The link I gave goes to a legit site, but if you do a general web search, be very careful that you don’t land up in trouble — I’ve seen a ton of scams out there regarding this topic.
Get a Bank Account Today

2. Look at Prepaid Visa Bank Cards

Another popular option for people who can’t open bank accounts. Prepaid visa bank cards are basically credit cards linked to an online account. You “top” up the card and can use it like a credit/bank card. When you need more funds on the card, you simply make a payment on the card just like you would make a payment to a credit card. The difference between a prepaid visa card and a regular visa credit card is that you can add up a negative balance on your credit card while with a prepaid visa, you can only spend what you have deposited on the card. This card does do a pretty good job at replacing your bank. I know because I had one of these a couple years ago. The cons are that you can’t do some of the things you normally do with a bank account like write checks, transfer money between accounts, etc. But for just buying things and depositing money on the account/card, it’s fine.

3. Find a Non ChexSystems Bank

Another option you could consider is to simply find a bank that doesn’t use ChexSystems. Now, as I’ve stated, one option is to look at an online bank account – many, many of these are not partnered with ChexSystems meaning it’s a good way to get a bank account with bad credit (bad banking credit that is).

If you want to find a PHYSICAL bank, it’s also possible. But you are going to have to put some arm work into this. You see, physical banks that don’t use ChexSystems don’t put this information online. To find out if they don’t do a ChexSystems credit check, you are going to have to call them up. I’ll tell you right now that most major bank chains use ChexSystems, so forget places like Bank of America or CitiBank and such. They are all partnered with ChexSystems or Telecheck. That means you are going to have to look at smaller “neighborhood” banks or credit unions. These might not utilize ChexSystems. The only way to tell is to get a list of banks in your area and call them directly.

Now, it may be that you can open a bank account with a major bank even if your name is in ChexSystems, but instead of a ChexSystems check, they may do a regular credit check. If you happen to have decent credit history, then you might be ok for the account. Again, this may vary between banking institutions and there are no guarantees. You’ll have to call and directly ask.

Now there are supposed Non ChexSystems Bank lists floating around on the web you can look at. But don’t pay any money for these certainly. I’ve had a good look at some of them and most of them contain outdated information or some scammer trying to see you a bunk list for anywhere from 20 bucks to a couple hundred!

4. Wait 5 years

Your name will be dropped from the ChexSystems list after 5 years. I offer this as a possible solution since it is. However, most people can’t go without a bank account of some kind for that long. But if you don’t mind waiting years, well, it’s a solution for you.

5. Fight ChexSystems

Yes, you can fight ChexSystems (and your bank/ex bank) and force them to remove your negative information from ChexSystems records. Keep in mind that this will likely take a few months and will involve sending out multiple letters to ChexSystems via certified mail and to the financial institutions that send your name to ChexSystems in the first place, and possible court appearances. If you are persistent, you can fight ChexSystems and force your name of their record with certainty. But it takes work on your part. If you can’t commit to battling it out for 3 to 6 months, look for a bank that doesn’t use ChexSystems, open up an second chance account, or figure out some other option. If you want to fight, read the final section of this article for a comprehensive ChexSystems Removal guide.