No ChexSystems Checking Accounts

By Dan Moskel

If you have been placed into chexsystems you are in a difficult spot. This will prevent you from opening a checking account and really hurt your credit score.

However you do have an alternative to a checking account. You can get a prepaid credit card that will give you free direct deposit.

This will save you money on check cashing fees. Also your card can be used to pay bills.

There is a free feature called bill pay that will enable you to pay your bills by writing a check from your account. This will save you money on purchasing money orders.

This card works just like a checking account. Your card is accepted over the phone and online.

Additionally with the prepaid account now visa you can enroll in another free service called credit builder. This service will record the payments you make using bill pay and report that information to a credit reporting agency. This can be used to show future credit worthiness.

What is ChexSystems?

ChexSystems is a way for banks to screen out potential problem customers. You can be placed into chexsystems if you had a bank account closed for reason.

Reasons can include:

- Fraud

- Repeated overdrafts without the bank being able to collect payment

- Opening an account with false information

When this happens to you will be unable to open a new checking account. Your credit score will be significantly lowered.

This mark stays on your credit for 5 years. Be aware that you may be able to open a new checking account but it will be closed once the bank runs your information and learns you are in chexsystems.

In sum a prepaid credit card is a great alternative to a checking account. It will provide you with everything a checking account would and more.

About the Author:

We suggest the prepaid accountnow visa or you can read a review of the rush card by visiting us.

Getting Business Credit

By Dane Masters

Business credit is of utmost important for the proper working and management of an enterprise. The quality and nature of business credit varies with different attributes of businesses like size, turnover, target audience etc. In case you are a business owner, there a several types of business credit options that you can employ.

For proprietors of small businesses, the most commonly used source for business credit is small business loans. These types of loans can be obtained from private sector providers such as banks. The market for the provision of small business loans is highly competitive. This often means that that each bank tries to provide the lowest rate loans with favorable repayment options. As a result, your chances of obtaining cheap business credit are greatly increased.

Besides the small business loan, a business owner has several other business credit options. These include secured/unsecured, start-up and commercial real estate loans, as well as merchant account cash advances and accounts receivable factorization. If you are in a dilemma about which type to choose, all you need to do is do an internet research. There are plenty of resources to help you with finding the perfect business credit option for your purposes.

Furthermore, their websites provide you with comprehensive information and fast and accurate online quotes. First of all, before you begin your search for business credit, it is vital that you draw up a business plan. A business plan will enable you to select the best form of business credit, and it will ensure that you are safeguarded against unforeseen financial circumstances.

You can also go to your local banker for credit. First, you have to be informed about your eligibility against different credit plans, and if you prefer a secured or unsecured credit. Of course, you will have to show your bank a good business plan to start with.

About the Author:

Dane Masters is an accomplished niche website developer and author.