Guaranteed Checking Accounts With Bad Credit

Jan. 8, 2014 - PRLog -- Many people across the United States find it difficult to open a checking account because of a negative mark that was listed on their Chexsystems report.

ChexSystems is a consumer credit reporting agency like Equifax, TransUnion, and Experian along with being a eFunds check verification service. Credit reporting agencies keep records on how a person handles credit relationships,  while ChexSystems provides information on how a person has handled their deposit accounts at banking institutions.

A ChexSystems report contains banking irregularities such as unsatisfied balances, check overdrafts, suspicious account handling, and the depositing of fraudulent checks. Many banks that use a ChexSystems report won't open a new checking account for a consumer that has a negative item reported. Each report submitted to ChexSystems remains on the consumer's file for five years, unless the source of the information requests its removal or ChexSystems becomes obligated to remove it by law.

Many people have had their checking accounts closed and have been blacklisted from opening a new checking account based on a single banking error. This is why the free consumer organization "Bad Credit MD" has creating a list of thirteen banks and credit unions across the country at http://www.badcreditmd.com/second-chance-checking-account/ that are willing to give people a second chance at a new checking account. Even though there is no guaranteed approval, they have certain financial institutions listed that have a approval rating of up to 99% along with being able to get check writing privileges and a check card.

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