
Banks had a major role to play in the recent economic crisis. Many people have been very critical of banks and have questioned why banks continued to give people loans they obviously could not pay back. Since then banks have become more careful with their services. They do not entertain people who are known to default on payments. When you fail to make a payment on time it becomes a part of your credit history. These day’s banks are not willing to work with people who have a poor credit or banking record. If you are such a person then you will find it difficult to open a new bank account with another bank.
The good news is that there are some banks that have a service called the second chance banking service....