Wednesday, October 28, 2009

Options for a second chance bank?

I have a friend who went to jail and came out with ruined credit. He wants to start an llc but is scared there won%26#039;t be any options for banking. He has been trying to open an account with no luck. Any suggestions on what to do while credit is in repair?



Options for a second chance bank?

I hopfully he can open a savings account, so they can see that he is good with money.then Normally, after a while they will give a checking.



If they wont let him open anything, he might have to have a co-signed checking account with a family member.



good luck!



Options for a second chance bank?

Banks have secondary programs that help you build your credit back. They are for people with low credit. They will give you a debit card and you gain privlidges to overdraft and they will slowly keep upgrading your account if you are in good standings.



Take a look at this https://www.ccrbt.com It is a bank that offers it.



Options for a second chance bank?

There are many internet services that offer checking accounts. You do no have to go directly through the %26quot;conventional banks%26quot;. Surf the web and I am sure you can find a company to open a checking and savings account for you.



Options for a second chance bank?

open a brokerage account that has checking account privleges...Some check credit some don%26#039;t. But why is the bank even checking credit with the LLC? Doesnt he have a federal tax id #? The other option is to add another person to the llc with good credit and leave him off the account

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