Second Chance Checking

Experience You Can Trust

We believe you come first!

Welcome ChexsystemsVictims

Our reputation and history of successful  speaks for itself.
For years now we have been researching banks and credit unions to find the very best ones that help those that need second chance checking. 

This web site is designed to help people get their financial life back in order. Anywhere from checking accounts, credit repair, and credit card help. The information from the old ChexsystemsVictims site can now be found here to help you. 


                                                                                                                    

What is Chexsystems?


Chexsystems is a credit reporting agency where banks and credit union report negative activity from checking and savings accounts. Types of activity that may be reported  to ChexSystems include:

  • Having your account closed involuntarily by the financial institution.
  • Bouncing checks. Financial institutions will typically only report people who fail to pay the non-sufficient fund fees and/or bounce checks habitually, not those that do it once by mistake but some banks do 
  • Overdrawing your account. Being in the red a day or two before depositing funds will not generally get you reported to ChexSystems, but if you fail to add money after a reasonable period of time or you repeatedly overdraw, the chances are good that you will be reported.Some banks report every NSF
  • Committing an act of fraud, such as altering checks or providing false information about your identity.
  • Applying for a checking account, ordering checks, or reporting a check or debit card lost or stolen. Most of the time, these activities are perfectly legitimate and will not be held against you, but they can be a sign of fraudulent activity, which is why financial institutions may report them to ChexSystems. Some check ordering companies will report every check order.. it is important that once you open an account that you keep your information private and only order checks from a safe company
Information can stay on your ChexSystems report for five years. If you owe an outstanding debt, paying it does not get it removed from your report early (unless the financial institution voluntarily deletes it), although your report will show that it was paid. If money was owed to the reporting bank(s) there is a chance that this will also be turned over to a collection agency and may show up on your credit reports as well. 

Positive information is generally not reported to ChexSystems. If you have never had any incidents of mismanagement, you probably do not have a ChexSystems report. This is why we believe Chexsystems is not a fair system.  Many have objected to its reporting practices.  

-They state the system does not report fairly, and unlike credit bureaus which have both positive and negative information on your credit report;  

-Chexsystems only contains negative information.  This jeopardizes your reputation as a consumer, when you would otherwise be qualified to open checking accounts.

Opening an account with a ChexSystems report

When you apply to open a checking or savings account,most financial institutions will run your name in the ChexSystems database to see if you have a report. Some financial institutions may deny everyone who has a ChexSystems report, while others may only deny people with certain types of activity. ChexSystems itself does not approve or deny applications - it merely provides reports to financial institutions.

If you are denied an account due to having a ChexSystems report, that does not necessarily mean that there are no options available to you.  

As far as finding a bank that does not use Chexsystems, the options vary from state to state. While some states have many that do not, other states have only a few. But regardless of where you live, there are options to help everyone. 


Many people believe if they pay any debt owed to a reporting bank, that they will then be removed from chexsystems but this is not true. 

Many times paying off the reporting bank can cause you to be reported for a longer period of time than you would have been if you had not paid the debt owed. This is why I sometimes suggest NOT to pay the debt owed to the reporting bank(s) especially on accounts that are older ones. 

Certain actions can restart the debt statute of limitations on a dormant account.

This includes:

acknowledging that you owe the debt

making a payment

entering a payment plan

making an agreement to pay

making a charge on the account

If the clock on the statute of limitations restarts, it starts back at zero. This gives the creditor or collector more time to use the court to force you to pay the debt. 


We provide a wide range of services.

Lists of bank and credit unions that provide second chance accounts.  



Want to research a bit before you call?

Many companies that you find on the internet will charge you for the same help and information that we provide for free. 

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