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I’ve come into acceptance that along with realizing my responsibility to always pay my bills on time and budget until I can’t budget no more, bad things can still happen to good people.
Whatever the reason that justifies the *why it happened* …. perhaps I should have made more of an effort to get to the bank before it closed, or maybe I should have post dated the check for when the money was already in the account instead of hoping the check wouldn’t be cashed right away…. it is really an embarassing situation to be in and I don’t have to be a repeat *check bouncer* offender to know that this is never good for my credit.
Or yours.
Even after the problem is dealt with, the bank still keeps an eye on your account… and guess what? When it comes to taking out that loan to buy a car, applying for a credit card with a $500 limit or opening another bank account, *big brother* of the savings and checking acounts world takes into account all of your negative activity to protect themselves from fraudulent claims. Once your name makes it into the ChexSystems list that is supplied to banks and other lenders, you might find it difficult to get credit of any kind.
What is not common knowledge, however, is that there are hundreds of FDIC insured banks all across the United States that have been known to give accounts for checking, atm and credit cards to people that are listed in ChexSystems. Most offer online applications and approval as long as you have two valid forms of personal identification - a driver’s license or state ID and a social insurance card.
This will give you a chance to rebuild your credit, establish a better working relationship with a bank, and hopefully, get your name off the ChexSystems list for good. Everyone deserves a second chance, so don’t waste an opportunity like this to have a clean record.
copright 2008 The Diva Network
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Don’t even get started with credit…I wrecked mine when I was 22 and really now that I need it I wish I could go back in time and fix it…They should teach classes in school on how not to ruin your credit!
Taylor Blue has a very good point here! It’s very easy to stumble and get off course when it comes to credit because most of us don’t have a clue about what makes up good and bad credit. We trip up and wreck ourselves before we ever realize it!
Bad Credit Happens To Even The Best Of Us…
I must admit, there have been times when I have bounced a check.
I’ve come into acceptance that along with realizing my responsibility to always pay my bills on time and budget until I can’t budget no more, bad things can still happen to good peo…
I have been pretty fortunate in not having bounced anything for over 20 years, but I work like a dog at it.
I have found it best to have 2 bank accounts and use them each for specific types of purchases. It helps me budget without losing my mind.
I wrecked mine when I was younger, and then pretty much had things cleared up. Then, I got older, and thought I was in a better position and started getting credit again, only to lose a great job due to downsizing. So, guess where I am again? Back at the drawing board!
trick-r-treat,
It is terrible that credit information can be used in so many ways to deny people the upward mobility they work so hard for.
Did you get into your credit report and place a comment indicating you had lost your job?
It’s very easy to forget, I think, that something like bad credit actually follows us for as long as it does.
Have you looked at your credit report or accessed your file online?
You can do this for free once you get your free yearly notice. Where I live, you don’t have to have anything negative added to your report to qualify for the yearly update!
I haven’t done this although I knew it was available. Our credit is in the excellent rating so there isn’t a need to do this. (And hope there never will be!)
I found access enlightening. There was a JUDGEMENT on my file that didn’t belong to me!
I had been getting credit just fine, though so there must have been something else going on, but I got busy contacting correcting all of that information!
Wow that would be very frightening to find, SageMother! I hope you didn’t have much trouble getting it removed. Did you find out what happened for it to appear there in the first place?
The information was based on an address where I had never lived, but was probably someplace an ex-husband had lived, as far as I can tell.
Once I sent the dispute in, the information was removed.
Taylor, I so can relate to that!
I ruined my credit even before I was in my 20’s. Then I fixed it. Then I ruined it. And then I fixed it…. it’s such a horrid cycle.
Tinystar, I wonder why high schools don’t make “taking care of your credit” a part of their curriculum.
It’s almost as important as sex ed, don’t you think?
SageMother, wow, your credit must be so terrific.
You really have to work hard at it and sometimes it’s so difficult because everywhere you go, something is always enticing you to buy something!
trick-r-treat, isn’t that just a vicious cycle?
That happened to me also…. just when you are almost at the border of being debt free, and you lose your job! In my case, my job was transferred to another province. Either I went there, or stayed here unemployed. I decided to stay.
trick-r-treat, I didn’t even know you can do that!
SageMother, that’s a great idea.
I check my credit standing nowadays, not to keep up with my bad credit *since that all done and over with*.
I check it regularly just in case someone commits fraud on my credit.
Katharina, and as the opposite, banking systems really do reward the folks that take good care of their credit.
It’s never too late to get started and it can be so beneficial in a lot of levels.
I keep a check on my credit rating because I am concerned about identity theft.
In Hawaii, they have a program whereby you can deny everyone access to your background information unless you give them specific permission to.
Of course, you have to pay %4.00 per month for the priviledge but I would gladly pay that to make people contact me before they get to see my information!
SageMother, good thing you caught it!
A lot of people walk around without knowing that they have been penalized by something they didn’t do!
SageMother, doesn’t it always start with a man????
LOL.
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