Category: Banking

ChexSystems is a database that 80 percent of banking institutions review before letting you open a checking account. This database is very similar to the three major credit bureaus  Experian, Equifax and Trans Union  except it lists account mishandlings such as overdrafts. If your name somehow ends up in this database, you may find it very difficult to [...]

Watch Out for Those Overdraft Charges Have you ever looked at your bank statement and felt like screaming at the top of your lungs? Do you feel like you are throwing money out the window? Maybe you purchased an item for $197.99 and you have $197.85 in your checking account. Congratulations, you have mastered the art of bouncing [...]

Banks across the country have adopted a tricky new type of overdraft plan with huge fees. It is called Courtesy Draft Protection. This new type of overdraft protection replaces the traditional overdraft protection. The traditional plan allows a consumer to prevent writing bad checks by drawing on a savings account, line of credit or credit card. Washington Mutual is [...]

While bankruptcy may be a life vest for most people drowning in debt, choosing to file is never an easy decision. For some financially distressed debtors, bankruptcy may not always be the best option. Several events can cause individuals to lose control of their financial situation. Divorce, job loss, lawsuits, foreclosures or credit card debt can drive a [...]

courtesy of http://online-bankruptcy-lawyer.com/ The thought of personal bankruptcy is very frightening, however over 5.4 per 1,000 people have filed for bankruptcy last year, and this rate has been growing at an average of nearly 7 percent. Researchers have determined that the primary cause of personal bankruptcy is uncontrollable levels of consumer debt oftentimes coupled with an [...]