What Is ChexSystems?
Banking

What Is ChexSystems?

You may know Equifax, TransUnion, and Experian – the trifecta of credit bureaus that impact everything from credit card applications to car loans. But far fewer people are familiar with ChexSystems, yet another consumer credit reporting agency that also impacts one’s financial affairs. You may be tired of opening a bank account because of ChexSystems, […]

Banking

The Credit Check Situation

For the last week, there have been numerous reports of individuals who have opened Electric Orange checking accounts and after sixty days have had a credit check run on them. Here’s a typical example of such a report at Consumerism Commentary. In some cases, apparently, after this credit check, the Electric Orange account is closed. […]

Banking

How to Use Technology to Start Saving More

The numbers on who is saving money in America — or more commonly, who isn’t — may shock you. According to a survey by Bankrate, 76% of Americans are living paycheck to paycheck. The survey unfortunately reports that 50% of Americans have less than a 3-month cushion in their savings account and 27% have no savings account […]