A lot of people were affected by the previous global financial crisis. Many individuals had their credit scores ruined because of wrong financial decisions that made that forced them to either close their checking and bank accounts, foreclose their properties or become delinquent with their loan, credit card and other utility bills. The financial crisis is over and many people are saying that the time to rebuild is upon us. Unfortunately many people are finding it hard to fix their finances. Many banks and financial institutions are denying them the chance to rebuild and fix their credit scores. They refuse to transact with these people on account of their previous delinquencies. Fortunately there are still those who believe that these people can make the right choices this time and offer them with second chance checking accounts. Here is a quick guide on how to apply for this option.
Contact your previous bank
The first thing you need to do is to contact your previous bank to see if they can offer the option for you. A lot of banks are not giving their previous customers second chances provided that they can provide proof of financial stability like a steady source of income like a proof of employment or business. In addition, they will require their customers to complete a seminar discussing the importance of a checking account and how to avoid making the same wrong decisions they made. After all this is done, they can again use their checking accounts.
Check other banks
If your bank refuses to provide you with the option to open another checking account then your next option is to check with other banks. To do this, you must make sure that the bank does not use Chexsystems. This is the system use by most banks to check your banking history and whether you have been delinquent with other banks. There are list of banks across the country which do not use this system and may allow you o open a checking account. Click here to know more about it