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clean_it_up

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  1. I paid cash for a down payment, which they knew I would do when I began shopping. The inquiries appear under the section "Inquiries Viewed By Others". I recall some of the adverse action letters noted odd combinations of bureaus. EX and Sage Stream, TU and Factor Trust, EX and Lexis Nexis, and some other strange ones. I never before had inquiries to Chex for an auto loan and generally past AA letters have just been based on the big 3.
  2. That was my thought as well until I saw my report. There are nearly a dozen that say: Transunion on behalf of Ally, Transunion on behalf of GM Financial, etc. They line up to the actual inquiries on my TU. Other than inquiries the report is blank.
  3. I was denied in February for Discover Regular Checking based on Chex. My Chex was clear except for an insane amount of inquiries from car shopping the year before. I was just approved for Money Market Checking. Is it likely to get closed later or maybe the extra 6 months or so aged the inquiries enough?
  4. I tried BBVA again and they could verify my identity this time, but they would not accept my opening deposit. They said it cannot come from a prepaid card or account. Considering that’s all I have at the moment this is not an option.
  5. Chex is all over the place these days. I was just denied for too many inquiries and when I got my Chex report there were 8 inquiries from my recent auto loan shopping on there. Nothing negative, just the auto loan inquiries that now prevent me from opening a checking account.
  6. I have my Lexis-Nexis report as well as reports from Chexsystems, Telecheck, EWS, and the big 3. My names, DOB, and what I can see of my SSN are correct on all of them. I’ve been able to open other types of accounts and my ID has been verified. Bank of the West had no problems when I applied there yesterday. Maybe a clerical error on the bank’s part. It’s been almost a year since I tried BBVA (the one that couldn’t verify my identity). Perhaps I’ll try them again.
  7. I consolidated my undergraduate and graduate loans almost two years ago. All of my loans are federal, unsubsidized. At that time, I was told that all my undergraduate deferments and forbearances would reset as if no time was used. I did use some months of unemployment deferment between undergraduate and graduate studies. I recently applied for an unemployment deferment and was denied. The servicer said I had used the maximum amount of 36 months. I asked when, considering they have only held my loans for less than two years. They gave me the dates for my current consolidation loan, which only total 18 months. They told me even though they can’t see when the other 18 months may have been used, I have to take their word that I have no more. They said the 36 months of unemployment deferments are per person, not per loan, effectively eliminating all available unemployment deferments on the consolidated graduate loans which have only been deferred for 18 months. I would not have consolidated if I knew I would lose valuable deferment time. It was just easier at the time to manage one loan than a half dozen individual loans. Is this something new? I don’t recall this being an issue when I consolidated my undergraduate loans.
  8. I checked with Weststar today and I don’t qualify to join, as I don’t work in the gaming industry. The only other way in is to join AAA Nevada for $56. Bank of the West approved a second chance account only for $12/month. I asked why only a second chance account if there’s nothing negative on my report. They said it’s based on what the computer gives them for a decision and cannot be overridden. Ill check with with the other two tomorrow.
  9. I have been car shopping and trying to open a new checking account. I received a denial letter from one auto finance company citing only Trans Union and Factor Trust. When I tried to open a checking account, I was denied and the denial letter cited only Chexsystems. When I ordered my Chexsystems report, only one of the six reasons for their denial were included on my Chexsystems report (too many inquiries). Otherwise, this report was blank. But, under inquiries, there were 8 inquiries from some of the auto finance companies that my application had been sent to. While the auto finance company cited Trans Union and Factor Trust in their denial letter, they also pulled a Chexsystems report and did not disclose it on their letter. The bank where I tried to open a checking account cited only Chexsystems in their denial, but the reasons they listed included things like delinquent/derogatory credit behavior, etc. that are not on my Chexsystems report, which makes me think they either pulled another credit report and did not disclose it, or they just are pulling their reasons for denial out of the air. My TU/EX/EQ are all monitored and I get nearly immediate alerts if there's a new hard pull and this bank never made one. I suppose it's possible they soft pulled somewhere or pulled one of the alternate credit bureaus but don't they need to disclose that? This is the first time I have ever seen inquiries from auto loans on my Chexsystems report. There are now 8 of them and it is preventing me from opening a bank account. The auto finance companies have been pulling my Lexis/Nexis (5x), Sage Stream (4x), and Factor Trust (1x) but so far these have been disclosed to me. I'll see when I get my paper reports from them if there are any more. Now, I don't necessarily have an issue with a creditor pulling any/all bureaus to make a decision, but shouldn't they have to disclose all of them? Not one of the 8 auto inquiries on my Chexsystems report was disclosed to me by a lender. I found out when I was denied a checking account. Perhaps, if I knew auto finance inquiries counted on Chexsystems now, I would have opened a checking account before shopping for a car.
  10. Thanks but this is essentially the same as Chime which I already have. No checks available.
  11. Thanks but that doesn’t work for me. I only have 2 student loans reporting. Pretty low score in 500’s as a result.
  12. My thoughts exactly on pulling Chex for auto loans. This is the first time in over 30 years financing cars that I’ve seen that. Also, I forgot to mention BBVA Compass is not an option either. They were unable to verify my identity.
  13. I’ve been financing cars for 30 years and this is truly a first that they pull my Chex report. Now that I have a clean Chex report, I have to wait until 2021 to open a checking account when all these inquiries fall off and I’m sure I’ll have more because I haven’t purchased a car yet. Yes, EWS and Telecheck are both clean. I currently use Chime and used Simple before that. I don’t like either because in order to send a check, there’s a 10 business day delay between when the funds are removed from my account until the recipient receives a check. That requires that I have rent money available in my account two weeks before it’s actually due in order for their check to be on time. I also was denied an auto loan based on the fact that I don’t have a “real” checking account. This lender requested my last statement and when I provided it I was told that Chime is a prepaid card, not a “real” checking account. Apparently with this lender a “real” checking account is required for approval. I live in Las Vegas. There aren’t many options here that I haven’t already tried. Both CUs I’ve been to denied me based on credit reports. Both said if I can’t qualify for a $1000 unsecured loan (that I didn’t ask for and didn’t want) the only account they will open is savings without an ATM card. Im just so frustrated that I had to wait out 5 years for Chex to be clean and now there are too many inquiries due to my needing a car. What does my Chex report have to do with auto finance anyway? Even more frustrating is that the six reasons I was given by the first bank don’t reflect the report I received which only shows inquiries not any of the negative history described in the letter. Any suggestions are appreciated. Especially if there is somewhere that is not inquiry sensitive.
  14. I have been car shopping and trying to open a checking account. Chex/EWS/Telecheck all clean. I was just denied at 2 banks for a checking account based on Chex. One denial letter gave a Chex score of 196 (100-899 scale). Denial reasons: 1. Delinquent/derogatory credit behavior; 2. Delinquent/derogatory credit behavior on installment trades; 3. Credit Activity: Excessive recent installment trades; 4. Previous debit history inquiry history; 5. Credit and Chex inquiries may have adversely impacted score; 6. Unfavorable debit history. This letter cited only Chex, no other bureau. Second denial letter said I could write in for the specific reasons, but did give a similar Chex score. I just received another letter from this bank today saying they cancelled my application because they couldn't verify my information. This was strange because I have their denial letter from a couple weeks back. The denial letter cited Chex only, no other bureau. I have a Chex report from the last fall, which was clean. I ordered a new one thinking something obviously changed. It is still clean but now loaded with 19 inquiries. 2015: 2 inquiries 2016: 3 inquiries. All three denied attempts at opening a checking account while I still had one negative old account. 2017: 5 inquiries. Three attempts to open a checking account about 3 months apart all denied with clean report and 2 more inquires from auto financing applications 2018: 9 inquiries. 2 inquiries for the above applications, and a third that says ordered by Trans Union on behalf of one of the above. 6 more inquiries that say ordered by Trans Union or Factor Trust on behalf of various finance companies that I recognize as being the ones dealerships have run my credit through. The dates match up from when I have submitted my auto finance applications. I don't understand what my Chex report has to do with financing a car, but I suppose they are free to look at whatever reports they wish. The problem is the 8 inquiries for my car shopping are now preventing me from opening a checking account. Otherwise, I would have just 3 inquiries in the last year. All denials. I have only been applying at one bank every three or four months and I keep getting denied. I know inquiries can have an impact, but inquiries for auto loans? Really? I don't think I've been on any sort of app spree when it comes to these inquiries. They are spaced 3-4 months apart and I keep getting denied. I have no negative history. Is there any way to get these auto finance company inquiries off? Where can I open a checking account? Is there anywhere that isn't inquiry sensitive? I've tried two credit unions too. They ran a credit check and denied me based on my credit score, not Chex. Based on prior history or recent denial, these aren't options for me: BOA Wells Fargo USAA TD Bank US Bank Capital One Ally Discover America First CU Charles Schwab Fidelity SCECU I'm frustrated. I've been without a checking account for 2 years and nobody will approve me with clean reports. The auto loan inquiries just made a bad problem even worse. I don't want to keep wasting inquiries just to be denied.

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