Established Contributor
masscredit
Posts: 682
Registered: ‎07-17-2012
Will MY Problems Affect My Kid's Savings Account?

I'd like to open a savings account for each of my kids. Seeing that they are minors, I was told that my name has to be on it also. I currently have a few tax liens, will they try to go after those accounts if my name is on them?  

 

Also, I had business checking account that had a negative balance when the company closed.  There was one check to many written and they covered it even though there was no overdraft protection ($1150.00). Do you think this will cause an issue when I try to open the accounts?  I tried to open a new checking account last year but was denied because of that. It came up in their ChexSystems report. 

 

So... do you think the above will be an issue? 


|****$6000****|****$6000*****|****$4500*****|****$2500****|****$1600****|****$3000****|******$750******|*****$700*****|
EX - 651 (MyFico 06/05/14) TU - 656 (Barclay 07/07/14 ) EQ 04 - 699 (DCU -06/26/14) EQ 08 - 683 (MyFico -06/06/14) 1% Utilization