Certified List Of Second Chance Checking Accounts In Mississippi

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Second Chance Checking AccountAccording to a past survey done by the Federal Deposit Insurance Corporation (FDIC), Mississippi ranks as the number one state in America with the most unbanked residents. A staggering 16.4% of the state’s population is without a savings or checking account. In the city of Jackson, MS – 18.9% of the people remain unbanked!

Many residents in Mississippi have had negative experiences with financial institutions in
the past or made financial mistakes. Almost 8.3 percent of the households in the United States have had problematic banking histories, such as poor credit or overdrafts. These people were most likely reported to ChexSystems, a database that is used by banks which provides information about a applicant’s banking history which can identify if that person has had past problems with their bank accounts.

Most banks and credit unions have policies against opening a savings or checking account for a individual that was placed on the ChexSystems list. The FDIC states that an estimated 87 percent of banks use a third party, such as ChexSystems, to screen new customers when opening new accounts. An average of twenty five percent of these banks will reject a new account application (that resulted in a negative screening) automatically.

A item that was recorded with the ChexSystems will last for five years even if any outstanding balances were paid on the customer’s previous checking accounts. This is because that banks and credit unions are NOT obligated to report that a customer has “settled up” their account or has requested the removal of a negative report.

Certified ListEven though a person has had previous problems managing a checking account, such as multiple overdrafts, the offense may have occurred in the distant past or may have been unwitting. Even though there are few non-chexsystems banks, our staff at InfoAviator Publishing is taking a step towards helping un-banked Mississippi residents by locating and creating a list of local credit unions that do use Chexsystems that are willing to help these unfortunate un-banked people by approving them for a fresh start or second chance checking account. Our staff along with our loyal viewer submitted list can be reviewed at http://answers.infoaviator.org/?qa=334/looking-second-chance-checking-account-state-mississippi&show=334#q334. Additionally, consumers can view our staff certified nationwide list of real banks offering fresh start and second chance checking account programs at http://infoaviator.org/finance/checking-accounts/2014/05/28/how-to-open-a-second-chance-checking/.

InfoAviator Publishing is a organization determined to help the un-banked currently residing in the cities and townships of (but not limited to) Gulfport, Clinton, Byram, Holly Springs, Madison, Petal, Moss Point Canton, Natchez, Horn Lake, Starkville, Tupelo, New Albany, McComb, Ridgeland, Columbus, Senatobia, Flowood, Yazoo City, Pearl, Biloxi, Oxford, Ocean Springs, Indianola, Cleveland, Diamondhead, Brandon, Meridian, Greenville, Greenwood, Jackson, Corinth, Gulf Hills, Bay St. Louis, Picayune, Hattiesburg, Southaven, Booneville, Grenada, Brookhaven, Vicksburg, Gautier, Hernando, Pascagoula, Clarksdale, Olive Branch, Laurel, Long Beach, West Point, in the state of Mississippi.

Source: http://www.treasury.gov/resource-center/financial-education/documents/banking%20on%20opportunity%20nov%2011.pdf



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