Chase second chance checking account

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confusedconsumer
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Chase second chance checking account

Postby confusedconsumer » Thu Dec 02, 2010 2:25 am

(Updated 2013) I have heard there is a Chase second chance checking account that is available to everyone even when you are in the Chexsystem or Early Warning Services/EWS databases. Then after having the second chance checking account for a half year and not messing up it will be converted to a regular Chase checking account.

Any feedback on Chase bank's second chance checking?


Throwback
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Postby Throwback » Thu Dec 02, 2010 5:55 pm

I have no clue if Chase bank does this but be careful because some banks and creditors have agreements with collection agencies where if an account holder owes money, you sign away the right to have it ceased and transferred to the creditor you owe. I don't know if Cap One still does it but I think there was an uproar about that being one of their practices but I could be wrong on that one. All I am trying to say is make sure you ask if the Chase second chance checking has this in the fine print.

robmar43
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beware of chase

Postby robmar43 » Thu Dec 02, 2010 7:04 pm

i would not trust chase bank with any of my money. just to be safe dont because i wouldnt be surprised if they do what the previous user says. they have done horrible things to me.


confusedconsumer
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Postby confusedconsumer » Fri Dec 03, 2010 10:59 pm

Please elaborate last poster. Be honest because if you are a disgruntled customer for a different Chase account do not tell me its a bad idea if there is no good reason for saying that. I don't have many options and am not going to cross Chase second chance checking off my list unless there is a reason to. I will find out if there are things in the agreement that would give a right to use my funds to pay off an old debt.

CCG
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Postby CCG » Sat Dec 04, 2010 8:04 pm

If you are in need of a credit card for bad credit, I strongly recommend you check out our sponsored section of secured credit cards to rebuild credit

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Pete838
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Postby Pete838 » Mon Dec 13, 2010 1:40 pm

Often your small local credit union is the best place to start rebuilding your finances. A mega-bank like Chase probably isn't the best choice, but may not be a bad choice.
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confusedconsumer
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Postby confusedconsumer » Thu Jan 06, 2011 3:44 am

Pete838 wrote:Often your small local credit union is the best place to start rebuilding your finances. A mega-bank like Chase probably isn't the best choice, but may not be a bad choice.


I investigated several and all use Chexsystem and do a credit check to open a checking account. Things are much different than 20 years ago. I remember when there was nothing to opening a checking account and today it's as hard to get as a credit card.


latoya
 
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Postby latoya » Mon Feb 21, 2011 3:49 am

Is the Chase second chance checking account available at all branches or only select locations?

What about going with a second chance checking account from a credit union. Would that be a better option?

DoingHomework
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Postby DoingHomework » Mon Feb 21, 2011 10:11 am

Why do you need a checking account?

If it is to write checks and use a debit card then you are probably going to have a hard time. Checks are increasingly treated like credit card transactions. There is an inherent trust. It is extremely expensive to everyone to deal with a bad check. So banks owe it to all customers to keep people with bad credit out of the system.

Think about it this way - when a bad check is written the bank and the merchant must bot deal with it manually. Even if it is paid right away without issue it probably takes an hour of labor between the bank and the merchant. That's at least $100 at normal billable rates. But the bad check writer pays possibly $40 to the bank and $30 to the merchant. So, they lose money even on an easy one. It's just not worth the hassle. There are plenty of customers who are not screw ups.

If you need the account to accept government payments - tax refunds, social security, etc. There are special accounts you can get for that which do not allow checks.

nwcdrfinancial
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Postby nwcdrfinancial » Thu Oct 20, 2011 10:10 am

Chase offers an account called Access Checking. It comes with several limitations but you may be able to convert to a regular checking account after 6 months in good standing. You will receive a debit card with this account. You must go into the branch to open the account and they do pull your credit report for verification.



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