Second Chance Checking Accounts In Colorado

Aug. 19, 2013 - PRLog -- The ChexSystems, Inc. network is comprised of member financial institutions that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts.

ChexSystems only shares information with the member institutions; it does not decide on new account openings. Generally, information remains on ChexSystems for five years.

Many consumers in Colorado find it difficult to open a checking or savings account due to the prior mishanding of their past bank account. This forces consumers to use high fee check cashers and prepaid cards. The free consumer organization "Bad Credit MD" is trying to help these consumers get a second chance at a bank account so it can make it easier for them to save for the future. They believe that the money in fees that are being used to cash checks and store cash on prepaid cards could be better used by the consumer for much needed life expenses or be put away in a savings account for future needs or retirement.

The staff at "Bad Credit MD" has assembled a list of banks and credit unions in the state of colorado that will allow the consumer to open up a new checking account even with a poor ChexSystems record. This list can be found at http://www.badcreditmd.com/second-chance-checking-account/.

In addition to their list, the spokesperson for "Bad Credit MD" has stated that "Ever since we launched are campaign to inform the consumer about 2nd chance banks, many of our viewers have also been reporting other banks and credit unions that our company was not aware of on our Question and Answer section of our website". This information on second chance banks can be found at http://answers.badcreditmd.com/.

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Bad Credit MD, located on-line at http://www.badcreditmd.com, is a free nationwide On-line consumer information guide that helps people across the United States, including the towns and cities in Colorado that include Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Pueblo, Arvada, Westminster, Centennial, Boulder, Greeley, Longmont, Loveland, Grand Junction, Broomfield, Castle Rock, Commerce City, Parker, Littleton, Northglenn, Brighton, Englewood, Wheat Ridge, Fountain, Lafayette, Montrose, Golden, Windsor, Evans, Louisville, Erie, Durango, Sterling, Greenwood Village, Fruita, Superior, Steamboat Springs, Federal Heights, Fort Morgan, Castle Pines North, Firestone, Johnstown, Glenwood Springs, Craig, Rifle, Trinidad, Delta, Alamosa, Frederick, Cortez, Lamar, Fort Lupton, Woodland Park and Lone Tree.

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.