Today, I explain what ChexSystems is, how it relates to credit repair and how to dispute items on it to secure a new bank account.
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Have you ever had a new bank account denied and wondered why?
It’s probably because ChexSystems has blacklisted you for overdrawing or bouncing a check.
Being listed in ChexSystems is like being on the no-fly list. But instead of not being able to get on the plane, you are rejected when you try to open a new bank account, or you have to pay a fee to do so.
But just as there can be errors on your credit report, there can also be errors on your ChexSystems report, which can lead to your bank account being denied. That's why today, I will explain how to dispute ChexSystems and get off their list!
Tune in.
Key Takeaways:
00:00 Intro
01:22 What is ChexSystems?
02:23 Reasons for Landing on ChexSystems
03:28 Here’s What to Do
05:47 Second Chance Checking Accounts
06:10 My Final Point
06:53 Outro
Additional Resources:
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