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Does somebody like Datek On-Line decline an account because of a bk?

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: Does somebody like Datek On-Line decline an account because of a bk?
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Anonymous1 (Anonymous1)

Saturday, January 13, 2001 - 08:06 pm Click here to edit this post
I have a ch7 bk and am applying to Datek to only buy stocks. Does anybody think they will deny me because of my bk or credit history? I would think not, but hey, everybody seems to be doing it now.

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D T (Dtemkin)

Sunday, January 14, 2001 - 03:36 am Click here to edit this post
Both E-Trade and Datek approved me with my ch7...
I ended up not using the Datek account because they don't trade OTC stocks.

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Patricia Holly (Househunting)

Sunday, January 14, 2001 - 03:27 pm Click here to edit this post
Typically online brokerages don't run your credit unless you want to buy on margin. This is true with e*trade, td waterhouse, dlj direct for certain, as I have used them. You deposit money and they make you wait a long time for the money to clear if it is not cash or some certified form of funds so credit is not really an issue.

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Anonymous1 (Anonymous1)

Monday, January 15, 2001 - 10:08 am Click here to edit this post
DT-

According to Datek's website, they do allow the trading of OTCBB stocks. THis is one reason I picked them. I guess they have no minimums which means if I want to buy 100 dollars worth of some stock as long as they get their fee, it's okay. Almost everybody wants a minimum of at least 500-1000. Anyway, thanks for the info everybody.


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