Re: re: Bank that does not use CheckSystems

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Posted by Defaults R' US on October 16, 2000 at 23:34:28:

In Reply to: re: Bank that does not use CheckSystems posted by Rodger on October 16, 2000 at 23:32:47:

:I went through a bitter divorce last year and it came to light
:that many of my credit card bills were paid VERy late ( I didnt
:work because I stayed home with my autistic son). My ex
:controlled our money by closing out our joint checking account
:and opening his own leaving me with no account in my name at
:all. When I divorced I discoverd because of a charge off through
:a bank I cannot get a bank account. I did have one bill that
:I did it myself to get it taken care of. So now I am looking
:for a bank (local if i can (Bay Area) that will give me a
:checking account without worrying too much about my past history
:which I want to rebuild.

Chexsystems is a totally seperate entity from
the "Credit Beaureaus" such as experian,
transunion, and equifax. One could default on dozens
of credit card payments, yet still be able
to open up a checking account. But bounce
a couple checks, and you'll have a very
difficult time finding a bank that will
let you open a new checking account.

One thing that interesting point though, to
get a debit visa or a debit mastercard, banks
typically check your credit score. Interesting
since debit cards aren't an extension of credit.
No big deal, just get a standard credit ATM
and they won't check with the credit beaureaus.

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: : :I went through a bitter divorce last year and it came to light : :that many of my credit card bills were paid VERy late ( I didnt : :work because I stayed home with my autistic son). My ex : :controlled our money by closing out our joint checking account : :and opening his own leaving me with no account in my name at : :all. When I divorced I discoverd because of a charge off through : :a bank I cannot get a bank account. I did have one bill that : :I did it myself to get it taken care of. So now I am looking : :for a bank (local if i can (Bay Area) that will give me a : :checking account without worrying too much about my past history : :which I want to rebuild. : Chexsystems is a totally seperate entity from : the "Credit Beaureaus" such as experian, : transunion, etc. One could default on dozens : of credit card payments, yet still be able : to open up a checking account. But bounce : a couple checks, and you'll have a very : difficult time finding a bank that will : let you open a new checking account. : One thing that interesting point though, to : get a debit visa or a debit mastercard, banks : typically check your credit score. Interesting : since debit cards aren't an extension of credit. : No big deal, just get a standard credit ATM : and they won't check with the credit beaureaus.

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