Share post
Debt Consolidation Forums Banking and Chexsystems forums

Owed BOA money, paid it back plus deposited large

member profile picture
Posts: 1
Credits: 0
[Donate]

Owed BOA money, paid it back plus deposited large amount of money they opened my account, then 3 days later they closed it say I am a high risk




This is something which you need to clarify with BofA. They will be able to assist you better in this matter.

Sub: #1 posted on Thu, 04/21/2011 - 20:02

Anna Sweeting Anna Sweeting

(Posts: 1827 | Credits: )

Go back in and talk to the manager you originally spoke to...you posted this before.

Sub: #2 posted on Fri, 04/22/2011 - 03:16

SOAPLADY SOAPLADY
Moderators Cum Industry Expert
(Posts: 17272 | Credits: )

Even if you've paid off an old charge off, you'll still show on Chexsystems for 5 years (I think). Paying it off doesn't make the derogatory info go away. You should look into a second chance account rather than a traditional account.

Sub: #3 posted on Fri, 04/22/2011 - 05:59

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5253 | Credits: )

Bank of America reports and uses chexsystems, EWS and a credit report when opening a deposit account. If you owed BOA money and paid it back, this will NOT remove you from chexsystems or EWS. When you opened a new account there, they will run EWS and the loss prevention dept/Risk management dept there will not allow anyone to open an account that is reported to EWS. They sometimes make exceptions for those ONLY reported to chexsystems but I have not seen this for those that are reported to EWS

Sub: #4 posted on Wed, 04/27/2011 - 13:51

Mary Adkins Matthews Mary Adkins Matthews
Moderators Cum Industry Expert
(Posts: 755 | Credits: )

The manager of the bank can not make the final decision .. it is up to the loss prevention dept there

Sub: #5 posted on Wed, 04/27/2011 - 13:55

Mary Adkins Matthews Mary Adkins Matthews
Moderators Cum Industry Expert
(Posts: 755 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.859 seconds.