I went to a credit union, to open a new checking account, due to the fees being charged by my current bank. The credit union wanted my income and employment info. I explained I was not borrowing money for them, so my credit was not applicable. They refused to open the account. In the past, I have noticed, addresses I short term. Like when I moved to CA, for a new job and rented a hotel room by the week. I explained, this was a short term address and I would be renting an apt, when the necessary cleaning and repairs were completed and what my new address would be. Yet, both addresses still showed up my credit report.
A couple of yrs back, on one of my credit reports, there were 3 different addresses, which I had only stayed at short term, due to relocating or other reason, and another 4 more, that I did not recognize at all. 2 of the 4 were completely bogus, because there was not such physical address. None of these was given by me, when filling out a loan application. The more addresses showing up on your credit report, the less stable some lenders view potential borrowers.
To me, a loan is something the lender needs income and employment info, a cking acc does not. There is a seperate system, keeping track of people who bounce checks. If you have unpaid checks, it becomes difficult if not impossible to get a checking acc. But, this is separate from the orwellian credit system we have in this nation.
Not all institution report or ask for employment info when opening a checking acc. I'm just wondering if there is a real reason, some do?
