Here are a couple of things you need to know about second chance checking accounts and cash loans with no bank account. Loans without a bank account are easy to get. Here are a couple of instructions:
- get second chance checking accounts. This are very useful for people with bad credit, as well for those with good credit. If you want to rebuild your credit, yet get a nice loan for New Year’s Eve, this is the best way to do it.
- get removed from the Chex Systems database. As long as you haven’t paid your overdraft, fees and the money you owe, you will stay in Chex Systems for about 5 years. If you pay your overdraft, even if the lender is big like Bank of America, you got 50% chances to get removed from Chex Systems.
- rebuild your credit score. A 600 or lower credit score is not good. Keep your financial situation smater and more organized in 2011, yet your credi score bigger.
- remember that second chance accounts are not so good as traditional bank accounts, because they come with tons of restrictions and fees, yet are not so convenient as regular banks. What are these restrictions, by the way? All your transactions will be watched carefuly and you don’t have the third chance if you don’t have money to pay your fees. The second chance lender has all the rights to close you down forever, yet there is no chance you get removed from the Chex Systems for the next 5 years.
Finally, remember is always better to save money. Never buy things just because they are the latest shiny object if your credit is bad. Rebuild your credit, save money and then buy things that you really need. Be smart and learn how to handle your finances if you get a new second chance checking account.