I am in a bad way financially and I have in the past let my account get overdrawn. I tried cancelling the account and paying what I owe in payments but the company refused. Now I am trying to get a new account at a different bank and because it is on my consumer report they will not let me. I live out in the country and have no vehicle to get anywhere. I need to be able to pay for things besides cash and I've tried uing a prepaid card but then I have to go into town to put the money on the card. Also, how am I supposed to cash checks? I have 2 checks that I can't even cash because the stores (walmart and heb) can't cash them. I don't understand.They have cashed my checks before! I am sick of having to use family's accounts to manage my money! It's so frustrating! Anyone have any ideas of what I can do to get this resolved?
I do not know when this all occured but the hits stay on your credit for 3 years...once they fall off you can get a checking account with any of the places that run a credit check...
In the meantime check online for banks that offer checking accounts to people in your situation. You may have to keep a certain balance in it (usually called secured) in order for you to be able to use them without the hassles you have been having.
Good Luck
I was in your situation about 8 yrs ago. I ended up writing a letter and getting it notarized to the bank. I owed $100.00 my ex owed like $1000 on my acct. In the letter I stated that I would pay them and reopen an acct w/ the understanding that they would accept the $100 only. They did it, and my credit was restored. The $1000 was wiped off.
Also if when you have time, log onto themoneycoach.net I have found this site to be very helpful with my finances and credit. Gives alot of insite.
I hope you get your acct.
April unfortunately this situation has been an issue for you. The good news is there is a new bank in the state of Texas called COMERICA, and they are currently opening new free checking/savings accounts. It is worth a try. Call one of the local branches in your area. There is one at Briar Forest and the beltway. I think they call it the BriarForest/Memorial Branch. I apologize tht I do not have the branch number but you can look them up through Google.com The field rep that helped me his name is Mark Servantes. Hope this helps!!
Lisa
Go out and get a copy of your credit report and fix any problems on it. If you still owe this bank money , pay it, then they will clear your credit report of the monies owed and that might help you get an account.
I don't know of any bank that will let you open an account if you still owe another bank money from an account you overdrew. If you did pay it and they didnt take it off your credit report, call the credit reporting agencies and report it as paid and do what they say is needed to get it off your credit report.
I don't know what city you live in.. See if you have a Woodforest Bank in your city... they are a second -chance banking. You can take the checks on which they are drawn to that persons bank.. and they will cash.. you might have to pay a small fee... but you should be able to cash.. if not...you can take to a check cashing place and they will cash for you. what type of business do you have
Hope this helps and good luck...
WOODFOREST BANK...I know it was said before but it's true. They have a second chance checking account. It's not a free account and yes for awhile until you're established there they will hold your checks for a week or so. My boyfriend has terrible credit due to his divorce and had to go that route. Good Luck!!!
I see you are from Elgin so the closest Woodforest to you is either Austin or Pflugerville
Is there a Wells Fargo Bank near you? I work for WF, and there is a checking account called "Opportunity Checking." It's a limited access account, but if you are able to not go into the overdraft for a year, then they will upgrade your checking account to a full service account. Check it out. If you are unsure if there's a Wells Fargo near you, just send me a message as to the town you're in and I will look up the closest one to you.
Good Luck!
I didn't read all the responses but did skim through them. I second the Woodforest Bank idea. I have also used the second chance checking from Woodforest before. Oh, and the last time I stopped by a branch I saw that they had lowered the fee I believe.
I just wanted to point out that if a bank is refusing to open an account for you, it is typically not just something on your credit report (although it can be as well). It is something being reported to either Telechex or Chex Systems (these are like credit reports for banks only). You have to contact these companies to get the items removed.
When I asked at my bank when trying to open an account, the banker told me that these companies can report indefinitely if the items are never cleared up or removed. How true that is, I'm not sure.
I am sorry you are going through this. I know just how frustrating it can be.
Best of Luck!
Do you like the prepaid card? I just got one. I know it kinda of aggravating that the prepaid people do not take checks. They do take direct deposit or government checks but since I do not have a full time job. I like that you can never get overdrawn but I wish that they would set it up to take personal checks, etc.
Is it the bank that will not work with you in paying off the overdrawn charges? Just wondering. E-mail me and let me know what happens.
You might could go to a check cashing place to cash your checks.
Talk soon,
Madeline
Use the bank in Walmart, they aren't on the grid so to speak.
Send them payments. They cannot refuse your money. They may say that they cannot take payments, but if you send it to them then they cannot refuse it. Not that you would want to, but you could even send $1 a month and they would have to take it. If they do send the payment back then I would start researching on the internet what to do because they cannot refuse your money. I don't have any advice to offer in the meantime, but if you just send the payments then you will eventually get it cleared up.
Sorry about your situation, Ive been there before.
As for the 2 checks, you can cash them at the bank they are drawn off of. You might have to pay 1-3% to cash them there. (for example if the check is BoA, cash it there)
I know Woodforest and theres another bank that has Second Chance Checking. They will let you open an account but it wont be free and you will have to pay the monthly service fees.
As for the "other" bank, whether it is open or closed, you can make payments towards the account. If you can only afford $25, then deposit that amount into the account, even if its closed. Once the account clears up, then the report will be removed and cleared. Thus allowing you to open an account elsewhere. The bank may let you reopen another account, they may not. Depends on the frequency of the NSF or OD's and how many fees there are.
As for what to do in the mean time....
You might have to rely on family until you get the bank situation resolved. I know its probably a big inconvience. But we have to learn with our lessons. Good Luck!
If you keep doing what your doing your going to keep getting what your getting.... MAKE SOME MONEY.... get to work... What do you do from home? try something different... i got a white mercedes in four and 1/2 months with my at home business and make as much as my husband does as a vetrinarian... it has helped our family so much.. with six kids... good luck... and if you want more info.. email me at [email protected]
April, get in touch with a credit repair company. You can find several to choose from at:
http://www.badcreditoffers.com/creditcounseling
They should not ask for a penny and they should be able to help you to fix the problems that are preventing you from getting an account in the first place. Good Luck and God Bless.
You will need to contact the company you had the checking account. They may transfer you around but stick with it. You need to talk with someone (don't forget to get their name and direct number) and see if you can get some kind of payment schedule done (get it in writing if possible). Also, talk to them and see if you can negotiate a lower amount, by this... if you pay it off, would they consider lowering the amount (you can't do this with payments). They will not remove your name from the credit reports until you pay it off. Sorry, this is part of the consequences.
As for cashing the checks you do have. The only option... go to the banks where the checks are drawn. You will probably have to place your fingerprint on the back of the check and show ID but at least you'd get the funds.
Good luck.
April,
I don't know where you live but First National Bank Texas, also know as First Convenience Bank does not do credit checks. As long as you don't owe them money, you can open a checking account. They also have online bill pay and internet banking. It may be the start you need to start fresh and maintain your families finances. Just don't get overdrawn because all banks have fees. If you can do a direct deposit from a paycheck, the checking accounts are FREE. www.1stnb.com is the website. You can see all of their locations, 230 branches in Texas.
I hope this helps you.
Checkout www.rushcard.com!!! I'll copy and paste from the website: What are the ways to add money to my RushCard?
Direct Deposit is FREE and the most convenient way to add money to your RushCard, but we offer several other ways to add money to your RushCard. While RushCard does not charge to add money to your card, please note that the following options may involve additional third party charges:
• CheckFreePay
• MoneyGram
• Check or Money Order
• Pay Pal
• Bank Transfers
I use this card and love it!!! go to the website and check it out. I got a cute pink card within like 5 days. they dont allow you to go over your balance so no overdraft charges. Make sure you use referral code: THECONCIERGE if you apply! Let me know if this helps!
Pay off what you owe. A bank will not let you open an account if you are reported to telecheck. Call telecheck to see what is being reported and pay it off so that the company will unreport you. When that is done go open an account. But be more responsible in the future. As far as I know banks don't pull credit they just see if you are reported to telecheck. I have never had to sign a credit check request to open an account and they can not pull it without your approval. I work in banking.
Don't be quick to do any credit repair remember if it is too good to be true........Take the initiative and correct what has put you in this situation.Time is your best friend especially when it comes to credit.
My daughter has the same problem. I look forward to viewing your answers.