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Katie · Posted: Fri Mar 16, 2007 6:00 am

Is it possible to open up a new bank account if I have 2 past payday loans, which the other account is already closed. But I moved to a new state and need to open up a new account, no not to use payday loans, but to have a checking account. Should I expect problems?

Posted: Fri Mar 16, 2007 7:05 am

Was your account in the negative when it was closed? Or maybe even after it was closed? I am actually in the same situation as you so I'm not much help, but I do know that there are some forums/ blogs out there describing what banks will still let you get an account without using the chexs system (not sure how to spell it). I'm sure someone who knows more will help you, or you can search for that list of banks for your state. Hope that helps!

Posted: Fri Mar 16, 2007 8:37 am

I think the key would be if you are on Chek-Systems or one of those companies. They can get in the way.

Always one way to find out - walk in and create one.

Posted: Fri Mar 16, 2007 9:05 am

Are you only closing your account to delay paying back the payday loan? That alone can hike up penalty fees, especially if your account is already in the red.

What payday loan companies were you with? There's a post that goudah2424 made about financial institutions that will approve you for a new account. You can check it out here at the link below.

http://www.debtconsolidationcare.com/credit-repair/about23908.html

Regards
Mike

Posted: Fri Mar 16, 2007 4:53 pm

It depends on whether your new bank uses cheksystems because that is where the closed account may appear.

The bank I have does not use Cheksystems but I tried to open my account at another bank and they did. THey told me I can open a savings account with their company and in six months they can evaluate whether I should be blessed with a checking account. I told them I will just head over to the credit union who opened me an account.

I also decided to keep my account at the bank that I had. You are just going to have to look around for a bank.

Good luck to you.

Posted: Fri Mar 16, 2007 5:19 pm

Try a credit union. I had a problem a few years ago when I was robbed and they cleaned out my bank account over night. When I woke up the next morning I realized what was done, but by the time I was able to report it the damage was done, they cleaned me out. (I had alot of bills out and of course those checks all bounced to high heaven and back again) Ended up costing me a bundle, the bank was of no help. Long story short, I was reported to ChexSystem, but I was able to open a savings and checking with a credit union through my employer.

Posted: Fri Mar 16, 2007 8:52 pm

Wow Steeler. I didn't know that you were robbed and they cleaned out your account. Tell me, did they ever catch the sorry butts?

katie · Posted: Sun Mar 25, 2007 12:47 pm

No I paid the account balanace and am working on some of the loans now, so i have no negitive bank accounts now. Will I have a problem?

Posted: Sun Mar 25, 2007 1:13 pm

If you were never reported to chex for negative balance or bad checks,it should not be a problem. One word of caution,from what I have read here don't let a pdl lender or collector near that account info.

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