I remember the first time I opened a bank account... WHAT A PAIN IN THE %$#! More on that later... Every time I think about it I thank myself I chose to study finance so I could know things about money people usually don't know.
Anyways... getting back to our discussion. I remember I was 17 years old. I didn't know much about banks or even the world, but I did know I wanted a bank account! I wanted to save enough money to buy myself a hot new car a 1987 Chevrolet Camaro.
I knew I would impress the girls with it, but I had to first find the money to pay for it. Not only that, but keep it safe from thieves and from myself also because I had and still have a habit of spending the money I had. So I went to the bank to open my little account. But I was rejected!
Rejected!!!
Yes, they said I wasn't old enough, that I needed me parent's permission, mumbo-jumbo crazy talk. A week later, after days of talking my father to let me, we both went to the bank and surprise, surprise...! Rejected again!
Apparently my father forgot to bring an important document or something I never did understand that. Anyhow, next week we paid the bank a visit and, for the third time, tried to open a bank account for me. And... yes you guessed it... rejected one more time!
I couldn't believe it... I was right there! But I couldn't open it. I wanted to get out of there as fast a I could but I had to wait for my father to finish something he had to do so I sat in the little couches they have. I was really starting to think about what was going on! When suddenly I saw a rich looking guy with his kid coming out of the manager's office and the boy had the biggest smile on his face... obviously ha had just opened his fist bank account.
That made me think about something interesting.
Although the bank said they would treat everyone the same it was evident to me it wasn't so. So after two weeks of hard work and asking my parent's some money, I was able to go to the bank with $4,000 and viola! I was treated like a king!
What I'm trying to say here is that is not a matter on how to open a bank account with bad credit history. It's the amount of money you have to open the account. The more you have the best they will treat you. Though... if you want a credit card... that's a whole different story. In that case you will need good credit.
Worry not because there are countless ways to fix your bad credit so you can enjoy what life haves in store for you.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
How much does walmart pay? I hear so many ...
By: Karen | 27-08-2008
how much does walmart pay? I hear so many different stories.
I want to know if i still have saving account from ...
By: Sharon R Wyatt | 26-08-2008
I want to know if i still have saving account from wachovia bank since 1970's my name is sharon r.Wyatt
Marriage of convenience
By: Melody | 26-08-2008
Does a marriage last if one of the parties,the man,marries a woman because of the money she makes and because of the predicament he found himself in? This person had to leave a home because the house that he lived in belonged to his second wife. She left the house because he wouldn't leave,but the house belonged to her originally. It was lefted to her by her first husband. The locks were changed by a family member after it was heard that he was having another woman come to the house.
Is there anyone I cn get $25,000 to $50,000 to ...
By: Dottie | 26-08-2008
Is there anyone I cn get $25,000 to $50,000 to catch up with my mortgage and some bills? I lost job of 22 years in March 2007, and presently working in retail December 2007. This job cannot meet my bills and with this problems I have a sick parent living out of state which requires my help. Can you help me?
Compensation for fall on water
By: maureen | 26-08-2008
I just came from a mediation in miami fl. (I live in Pa.) This is all new to me since I have never had been involved in a lawsuit in my life. I was in with the attorney for the cruise line for about 8 hours, and the next day they depositioned my husband. (his only took 2 hrs) I just got a call from my attorney in miami today telling me the mediation is set for 10/3/2008. I did get hurt, i Slipped on a pile of water in the salon, and I have never been the same since. I now use a cane, I have a hospital bed in my room, and I have been to so many doctors since 5/07 and all they do is medicate me. I have numbing in my spine and my lower left back is always killing me, I use the cane because my left leg has gone out twice. I would just like to know what the mediation will bring? What will they offer me? I have already laid over $11k out of my pocket for medical nessecities. If any one has a clue on what kind of money they will offer me I would appreciate it. Or should I take it to a jury?
Jmowb110@aol.com
Small business competition
By: murph | 26-08-2008
What is one or two small business competitions that I can enter?
Q&A Powered by:
Latest Credit Articles
5 Steps to Get Better Credit
By: Chane Steiner | 06/10/2008
For many, improving credit is an important step towards a chance at some of the most important aspects of everyday life. Good credit is vital if you want to own a good car, a good house, or any other major purchase. Like millions of people in America, you might have a few issues with your credit report; here are a few hot tips that can lead to improvement
0 Percent Interest Credit Card Offers
By: Jason Wilson | 06/10/2008
The major card issuers promoted credit cards with 12 month 0 APR teaser offers to attract customers. The idea was to tempt new applicants with introductory offers and ultimately turn them into long-term cardholders and spenders who carry balances forward.
0% Balance Transfer Fee
By: Jason Wilson | 06/10/2008
The reason why credit card issuers offer a 0% balance transfer fee is because after a certain introductory period, the 0% balance transfer fee is no longer 0%, but by then, you have already used the service and will be required to pay the higher interest rate.
Banks Vs. Credit Unions: What Will be Your Choice?
By: Melissa Peterman | 06/10/2008
When you’re choosing a financial institution for the first time, it is essential to do some research and get referral to find a good fit.
How to Get a Mortgage Modification
By: Gen Wright | 06/10/2008
If you need a mortgage modification we are the specialists that can help. If you are about to be in foreclosure contact us fast.
Why the Need for Student Loan Consolidation
By: Gen Wright | 06/10/2008
Many students attend high school with ambitious hopes and dreams, thinking that upon graduation, they are financially secured, as it's easier for them to find high paying jobs.
Welcom Software Signs Deal With North East Lincolnshire Council
By: Welcom Software | 06/10/2008
The Welcom Software Group, supplier of class leading solutions in loan management software, eCommerce, financial accounting and retail software has been appointed by North East Lincolnshire Council to provide the commercial lending software solution for its Loan Fund scheme.
How to Know Your Child is Ready for Student Credit Cards
By: Stephen Sikes | 06/10/2008
Do you wonder if your child is ready to have student credit cards? Here are some tips on how to find out.
More from Joshua Mann
Mortgage Bad Credit History: Important Facts you Need to Know
By: Joshua Mann | 24/08/2007 | Credit
If you are making payments on your home and are worried about whether you have mortgage bad credit history, the best thing you can do is to check your credit. Making sure of what your score is will help you to...
Bad Credit Loans Apply Online: How you Can Benefit From Them
By: Joshua Mann | 06/08/2007 | Loans
Did you know that bad credit loans apply online? What does this mean? Thanks to the advance in technology, banks all around the world are able to offer bad credit loans directly from their web pages. You don’t have to go from bank to bank in order to figure out which bad credit loan is best for you anymore. Now, just by...
Very Bad Credit Personal Loans: your Two Best Options
By: Joshua Mann | 03/07/2007 | Loans
Do you know what's worse than having a loan bank agent knocking up your door? Having a mobster loan collector breaking it down. And they're not too far away from being the same, are they? If you have very bad credit, you don’t have to go borrowing money from the wrong people. There are two very feasible options...
How to Get a Loan With Bad Credit History: a Frank Answer
By: Joshua Mann | 24/10/2006 | Loans
I get that question a lot of times... I'm going to tell you what I think is the right answer, and I say to everyone, but first let me talk about what are your options.
Tanning Bed Bad Credit
By: Joshua Mann | 20/10/2006 | Credit
You should really consider taking advantage of the market boom in tanning beds service for teenage girls. They want the tan, and you can give it to them... or if not you can enjoy it all by yourself.
Getting College Loans With Bad Credit History: Why Bad Credit and College Loans Don't Go Together
By: Joshua Mann | 03/10/2006 | Loans
Imagine having to pay off loads of money in debts month after you finish college? All the years you spent studying mustn't be in vain! Shouldn't you be able to enjoy what life is?
Unsecured Bad Credit Personal Loans Online: Good Things Do Happen
By: Joshua Mann | 25/09/2006 | Credit
Have bad credit but still want to apply for those personal loans? Don't worry because there are ways to improve your credit by refinancing and other ways. Come here and find out how.
Make Money at Home Internet
By: Joshua Mann | 25/09/2006 | Online Business
Jealous of a select group of people making their dreams come true? You too has what it takes to fulfill your life goals! Get on board with the rest of the people making a living off the internet and enjoying what life is meant to be.
Finance 
