Bank Won't Let Me Open An Account Because Of 22 Yr Old Debt

I was told I could not open another checking account with Bank of America because I had a bad debt written off 22 years ago with a Maryland National Bank which they took over. Can they hold this against me after 22 years? I am in the state of Maryland.

Comments for Bank Won't Let Me Open An Account Because Of 22 Yr Old Debt

Click here to add your own comments

Feb 21, 2011
Old checking account problem
by: DebtCollectionAnswers.com

It's very unusual for a bank to refuse to open an account due to a 22-year old debt. We aren't aware of any law that prevents them from doing so, but you'd have to check with a local consumer law attorney to be sure.

Our suggestion is to find a bank that wants your business and open an account there. This debt should no longer appear in Chexsystems, Certegy or Telecheck reports, so it shouldn't create a problem at another bank.

Feb 21, 2011
NEVER HEARD OF THIS EITHER
by: Anonymous

Thankyou. They claim this is from a loan or a credit card. I don't remember this at all. My husband is a jr. and his credit is always getting mixed up with his father's. I thought maybe this was there's. But yes I will go to another bank. Thanks again.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.