PRLog - Aug. 15, 2013 - ChexSystems is a consumer reporting agency that is regulated by the federal Fair Credit Reporting Act (FCRA) that provides account verification services to banks and credit unions to help them identify consumers that apply for checking or savings accounts that may have a history of account mishandling such as people that had bank accounts overdrawn and then closed by them or their bank. Each item that is reported to the ChexSytems will remain on the consumer's report for five years.
2nd Chance Banks, Idaho
Many people in Idaho that were reported to the ChexSystems may find it difficult to open a new checking or saving accounts. Although it may appear to the consumer that opening a account is impossible until their Chexsystems report is purged of the negative information, there are many banks and credit unions offering checking programs that will give the consumer a second chance opportunity.
The free consumer organization "Bad Credit MD" is helping people with poor ChexSystems reports in Idaho by providing them with a list of these banks and credit unions offering these second chance banking opportunities. Consumer's interested in viewing the free list should visit their website at http://www.badcreditmd.com/
By law, ChexSystems must investigate any item listed in their consumer report that they believe may be inaccurate or incomplete. Consumers should also be aware that financial institutions are under no obligation to remove a accurate report of account mishandling due to payment of monies owed. However, the financial institution is obligated to update the report with a paid in full or settled in full date when applicable.
Bad Credit MD, is a free nationwide On-line consumer information guide that helps people across the United States, including the cities of Boise, Nampa, Meridian, Idaho Falls, Pocatello, Caldwell, Coeur d'Alene, Twin Falls, Lewiston, Post Falls, Rexburg, Moscow, Eagle, Kuna, Mountain Home, Chubbuck, Ammon, Hayden, Blackfoot, Garden City, Jerome, Burley, Hailey, Payette, Sandpoint, Rathdrum, Emmett, Star, Rupert, Middleton, Weiser, Preston, Fruitland, American Falls, Shelley, Buhl, Rigby, Gooding St. Anthony, Kimberly, Orofino, Grangeville, Salmon, Heyburn, Soda Springs, McCall, Wendell, Ketchum, Homedale and Montpelierin in Idaho.
Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. This self-help site has over 500 pages of credit advice and articles. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.