Past mistakes should not slam shut the doors of our financial system forever, there needs to be a mechanism for people to rebuild their reputation.
Boston, MA (PRWEB) March 16, 2012
For some consumers, getting a simple bank checking account can be surprisingly difficult if they have a history of bounced check writing or accounts in default. The trusted online consumer site ReallyBadCreditOffers.com has announced a new report being released detailing how to find and get approved for second chance bad credit bank checking.
The ChexSystem tracks involuntary bank account closure that can occur from an extended negative overdraft period, fraudulent activity, or a history of excessive overdrafts.
The Chex Systems maintains records for up to 5 years and is used by a reported 80% of banks and credit unions to restrict qualification for new for new applicants according to helpwithmybank.gov.
"Past mistakes should not slam shut the doors of our financial system forever, there needs to be a mechanism for people to rebuild their reputation," said Ariel Pryor.
The new guide being released by ReallyBadCreditOffers.com is designed to help individuals find banking institutions that provide second chance accounts for credit repair and do not use the Chex System to disqualify applications.
Visitors are encouraged to fill out a simple form with basic information in order to gain access and approval for a new checking account.
The recommended banks provide consumers an opportunity to rebuild their credit reputation and do not require a credit check or clean Chex history for approval.
Ariel Pryor, Bad Credit Expert