Denied a bank account
Forget trying to get a credit card, some people can’t even open bank accounts. Many people don't realize their bank account history follows you.
CNN Money reports millions of people are denied bank accounts each year. Reasons can include things like too many bounced checks, or being overdrawn on an account and failing to pay what you owe.
According to CNN Money, many are flagged as high-risk, as part of a major database of consumer banking behaviors run by a company called ChexSystems.
About 80% of the nation's banks use information from the database to screen bank account applicants. ChexSystems says most negative information on a person's report stays in their database for five years.