Saturday, October 31, 2009

How does a person get off the Chex System after bad banking behavior and declaring bankruptcy?

I have a friend who cannot get a checking account because he did not pay off a credit card he had through his bank a couple of years ago. He plans to file backruptcy and has been using the Green Dot debit card thing for while. However, not knowing much about this, I am wondering if he can ever repair his credit, get off the Chex System and eventually get a checking account, or if he is doomed to use Green Dot forever. If he can get off the Chex System list, then what is the process and how long does it take? Thank you!!



How does a person get off the Chex System after bad banking behavior and declaring bankruptcy?

When a person is on Chex it is difficult, but not impossible, to be removed before the 5 year reporting period is up.



If a person is denied a banking account for being on Chex, the bank should give the person the information to receive a free copy of their Chex report.



If what is listed is reporting correctly then it would be extremely tough to remove.



But, with that said, there are %26quot;many%26quot; banks and credit unions that do not use Chex.



There is a free to use site where your friend can look up his state to find a bank or credit union that doesn%26#039;t use Chex.



www.chexsystemsvictims.com/



When you go to the site, click on the tab at the top that says %26quot;Get My List%26quot; then scroll down to near the bottom of the page and click on your state.



The woman who owns the site donates her time, and resources, to locate banks/credit unions that do not use Chex and she works hard to keep her database as current as possible.

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