Wednesday, February 3, 2016

Santander Bank NA and chexsystems

Santander Bank NA. on last Friday became the latest bank to agree to facilitate the selection process for potential new customer accounts and checks so that spikes minor on their credit reports not to lock them obtain bank accounts, he told the New York Attorney General Eric Schneiderman.
The unit of US depository Spanish banking giant Banco Santander has agreed to reconsider how they use ChexSystem and other credit reporting companies consumption in assessing applications from potential new customers.

Santander will continue to monitor credit reports for fraudulent customers in the past, but no longer will block the opening of new accounts, where they are isolated overdrafts and other banking minor errors in their files.

The agreement comes after an agreement with Santander in January by Citibank NA and a similar agreement with the Capital One Financial Corp in June. All told, the three banks have a total of 613 branches in New York and 2822 branches across the country, according to Schneiderman office.

Wednesday, January 20, 2016

Wells fargo banking

Some information about Wells fargo banking. One of the largest banking entity in united states.

Traded as NYSE: WFC
S&P 500 Component
Industry Banking, Financial services
Founded New York City, New York
United States (March 18, 1852)[1][2]
Founder Henry Wells
William Fargo
Headquarters San Francisco, California, United States
Area served
Key people
John G. Stumpf
(Chairman & CEO)[3]
Products Consumer banking, corporate banking, credit cards, Auto Lender, Dealer Service, finance and insurance, foreign currency exchange, investment banking, mortgage loans, private banking, private equity, wealth management
Revenue Increase US$ 86.1 billion (2015)[4]
Operating income
Increase US$ 33.9 billion (2014)[4]
Profit Increase US$ 23.0 billion (2015)[4]
Total assets Increase US$ 1.79 trillion (2015)[4]
Total equity Increase US$ 184.3 billion (2014)[4]
Number of employees
275,000 (2015)[4]
Slogan Together we'll go far.

Wednesday, January 6, 2016

Best Federal free credit report available

While talking about best federal fee credit report available out there i listed below the best of all the best.Anyway there were a lot of free credit report to get to know your credit status. 1. Federal Trade Comission Get it from FTC ddirectly.The FTC is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. FTC’s work is performed by the Bureaus of Consumer Protection, Competition and Economics. That work is aided by the Office of General Counsel and seven regional offices. You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies. Order online from, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.

Wednesday, December 2, 2015

ChexSystems Against you?Find out why..

In approval of your credit card issuer to see if your credit score, developed at least one of the three major rating companies. This process is that when you apply for opening a bank account, and that the agency report query ChexSystems like.

The company helps banks and credit unions to identify potential risks to customers through the issuance of reports that contain personal sins of the past, do not pay to the bank or credit union account to pay the costs. Financial institutions exchange information enclosed check and savings accounts ChexSystems, which gives consumers the cost of history and to help assess the risk of new account applications.

If labeled high risk can make it difficult to get a checking or savings account. To help you solve this problem, if you are blacklisted, here's a look in the end is what makes ChexSystems, as well as steps to take if your grants have some drawbacks.

How ChexSystems
ChexSystems provides empirical assessment is no different FICO credit rating of financial institutions. Consumers ChexSystems result, as they are called, ranging 100~899 higher scores are better. You can request an invoice by mail from our $ 10.50 check. You can get a free copy of ChexSystems report a year once. You can not have one, and that is good: the negative information company listing.

In these reports, articles in unpaid fees (overdraft, for example), retail and presumptive fraud checks. Credit report inquiries, control commands and consumer initiated credit freeze list. If you view the report, and see an incorrect or outdated information, you can now challenge it.

Financial institutions to examine because the applicant ChexSystems data and for human risk assessment as a client. So it is no ChexSystems consumer himself who approve or reject financial services institutions. About 80% of banks and credit institutions to use the company's report, based on credit builders Alliance is a nonprofit organization that helps low-income consumers to establish a strong credit.

How to avoid these problems
Maintain good financial habits to avoid such problems, the best way to ChexSystems, saying Rob Drury, CEO, Christian Financial Consultants Association. When it comes to the bank, which means that will never know how much money in your account to avoid overdraft and pay what you owe on legal costs.

That is to say, fall into the wrong hands. Therefore, it is important to know how to respond to the report of bad ChexSystems.

Act quickly and take a proactive stance, Langguth said Paul Ryan, an economic consultant, author of "recovery from bankruptcy: a step-by-step guide and find your financial feet."

"I told [ChexSystems], and ask them to make sure that you add to your banner will let you know what is good reason to pay what is due," she said.

"The best way to solve this problem as soon as possible," Drew agreed. "If someone owes the banks and other institutions to refuse, usually combined with the previous bank and clearing ChexSystems if there is any history of blatant abuse."

While banks and credit unions need to be updated before the payment record or debt settlement, these negative reports, within five years of data ChexSystems ", if the financial institution is not required to remove it.

"If someone can not rectify the situation, it is possible to open accounts at credit unions, and some do not subscribe to ChexSystems," Drew said. "In addition, managers often issue bank or credit union account privileges of power, despite negative reports ChexSystems."

Second chance checking
Go to the blacklist, this does not necessarily mean that you will not have access to the current account deficit over the next five years. Some banks and credit unions to provide people with a history of damage to the so-called second chance checking. Although they are usually equipped with a monthly fee, customers often go cheap, typically accounts for them a second chance to examine the successful management of a two-year period.

However, it is good to do everything in your power to make your record clean, to cover any bank charges may result in account closure and make sure you have enough funds to avoid overdrafts and checks.

Monday, September 14, 2015

List of Banks in Alabama-Central State Bank

In Alabama you can try out a few banks for  second chance banking  or non chexsystems banks. One of it  the Listing of Banks in Alabama. Central State Bank is founded in year of 1916 and has had the opportunity to see the communities it serves grow tremendously over the last ninety plus years. With such deep roots in central Alabama, the bank take pride in who it is, in the past, present and future. Address: PO Box 180 Calera, Alabama 35040

Contact for Central state bank-Telephone: 205.668.0711


  Central state bank location. Click here

Wednesday, August 12, 2015

Credit score and chexsystems

Most of the Americans citizen know and understands about credit and credit score since it is actually influence their financial status.Furthermore this will play a big role towards their monetary and financial in a person's financial life.In real life actually if you live in America a bad credit report will definitely prevent you from getting a decent job especially if you are looking for a job in a financial industry. The lower your credit score it is unlikely for you to own a credit card or requesting for a loan since you do not have the capability or power to settle a payment.Almost every Americans know this facts, however less do understand the other agency called ChexSystems.It is a consumer reporting agency which is likely to had access to all of your banking information and act as a credit bureau of the banking world.

Sunday, May 31, 2015

A call from ChexSystems

It is interesting to share people's experiences they had with chexsystems. I share it here so that all of us can actually know from one of the complainant so that we can prepare and also for chexsystems itself to confirm is this from a legit source? If yes they need to do improvement. If not please deny it and clear it our for everybody dealing with ChexSystems.

Anonymous :  2/13/15 12:45pm - received a call from ChexSystems, with phone number ** on caller ID. I answered the phone and a computerized system responded. It said something to the effect my checking account problems (meaning "I had done something wrong" type problems), and it said if I know my party's extension, to please dial it now. It said if I do not know my party's extension to dial zero or stay on the line. I dialed 0. A lady named Melissa answered and asked what I needed. I said I was not sure, and I asked her what is the name of the company calling me? She said Checks Systems. I asked her what type of company it was and she had no answer specific to that question. Instead she asked what area code I was calling from, or was it 502, and I said not it is 520. Then I heard some electronic dialing, and I said "what?". She said, "oh sorry it's okay, I am just trying to see your number in order to find out who was calling you". Then I heard more electronic dialing, and I heard her faintly say my cell phone number (faintly, as if she was repeating it to herself and not to me). Then she asked if I was "she gave me my name", and I said yes. Once again, I asked what type of company were they. Instead of answering me, she got angry and said in hostile tone, "well, why did you call us if you don't know what you want" (or something to that effect - at this time I am freaked out and not focusing like I will next time). I said, this company called me, I did not call you, and I do not know who you are. As I kept talking she had apparently hung up the phone. I have the phone number of the person who called me (person or business), and that number is: **. I have tried calling that number 3 or 4 times and each time there is a voice message - ED ** - asking whoever to leave a message. I have done so a few times, and on the last one I told them that the named person they are looking for - well, it is not me - it is someone else with the same name and that they are just trying to scam money, and committing fraud. I told them they have been reported to the proper authorities and to stop these scam calls. I have nothing going on with any bank, payday loan, car, car loan - nothing at all. I have nothing, so how could there be a problem? I then told them that if they are a legitimate company, they better figure out a better way to approach people because they act like scam artists, and you don't just call someone and hang up on them??? I went online searching "Checks Systems" and I could not open the website, found nothing on the phone number, found nothing on the name ED **, except for Chandler, Arizona, then I found ChexSystems (see spelling difference?). So I called them up and told them someone is attempting fraud, trying to scam money, and phishing for money/information and they are using the name Checks Systems. The person on the phone (strong middle Eastern country accent) said they have heard of this (sure - I do not believe him). He said I could file something with them, ChexSystems. But I told him I do not need to since I have nothing going on and that I have already been in contact with MY bank, and they have absolutely nothing going with me! Anyways, that is about it. Not all details are 100 percent due to I was not prepared for this and along with freaking out a bit, remembering every exact word just did not happen.