People are denied the ability every day to open a checking or savings account because of an entry in the Chexsystems database. Why? If you have an entry in Chexsystems, fairly or otherwise, it’s due to bounced checks. For more info. here is creditinfocenter’s page on Chexsystems.
Now there’s a new database which banks [...]
Entries Tagged as 'denied'
Move Over Chexsystems, Here Comes Early Warning Services (EWS)
September 15th, 2009 · 2 Comments · Banking, Consumer Info, Credit Bureaus and Scores
Tags: boucned checks·Checking Account·Chexsystems·Credit Reporting Agency·denied·Early Warning Services·EWS·Identity Theft·Savings account
Lender Discrimination Protection: Know Your Rights as a Consumer
September 8th, 2009 · No Comments · Banking, Mortgages, Student Loans
You remain a consumer with rights even as you apply for a loan of any type. No lender can discriminate against you; your rights are protected. There are existing federal laws that aim to provide you with lender discrimination protection so you do not fall prey to the unscrupulous practices of some lenders. The Equal [...]
Tags: appraisal·consumer·denied·discrimination·ECOA·FHA loans·lender·Loan Application·rights
