Real List Of Bad Credit Checking Accounts

May 3, 2013 - PRLog -- Banks and credit unions use a Chexsystems report to determine if they will approve a consumer for a new checking account. The Chexsystems is a company that provides deposit account verification services to its financial institution members to help them in identifying checking account applicants who may have a history of mishandling accounts. For example, consumers that had checking accounts that were overdrawn and then closed by their credit union or bank.

Every report that is submitted to Chexsystems will remain on the consumer's file for five years, unless the credit union or bank that filed the negative report requests it be removed or Chexsystems becomes obligated by law to remove it .

Even though the Chexsystems was created to help alert banks and credit unions to cases of fraud and other abuses, not all negative reported activities are clear examples of intentional misuse or fraud. This can prevent hard working Americans from opening up a conventional checking account and they become forced to use a more costly alternative such as a check cashing service or having their paycheck direct deposited onto a prepaid card.

A free consumer organization called "Bad Credit MD" has assembled a list of bad credit checking accounts or otherwise known as second chance checking accounts at http://www.badcreditmd.com/second-chance-checking-account/. Their website contains the names of very popular banks and credit unions in almost every state that offer checking account programs to people who are being negatively affected by their Chexsystems report. Most of the financial institutions they have listed allow the consumer to open a checking account along with having check writing privileges and access to a Visa or MasterCard check card.

http://youtu.be/sNvOFY6io_c



Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. This self-help site has over 500 pages of credit advice and articles. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.