Tilted Forum Project Discussion Community - View Single Post - Can your checking account affect your credit score?

NoSoup · 11-26-2007, 09:59 PM

Nope*

* Unless, like people previously said, you get sent to collection - which will then be reported to the credit reporting agencies.

However, as a side note, if you are continually bouncing checks, you will likely be reported to "Chex Systems" - a company that produces a report regarding checking accounts. If you are reported to Chex Systems for overdrafts, it can be extraordinarily difficult to open another checking account for a long, long time - up to seven years. Many financial institutions won't allow a person with a Chex Systems record to open a checking account at all...

11-26-2007, 09:59 PM	#9 (permalink)
NoSoup Non-Rookie Location: Green Bay, WI	Nope* * Unless, like people previously said, you get sent to collection - which will then be reported to the credit reporting agencies. However, as a side note, if you are continually bouncing checks, you will likely be reported to "Chex Systems" - a company that produces a report regarding checking accounts. If you are reported to Chex Systems for overdrafts, it can be extraordinarily difficult to open another checking account for a long, long time - up to seven years. Many financial institutions won't allow a person with a Chex Systems record to open a checking account at all... __________________ I have an aura of reliability and good judgement. Just in case you were wondering...