HubSpot - list of delinquent debtors

I mean, everything can be worked out eventually, though I used to be a firm believer in just going after them with account garnishments, you know... maybe just hitting them hard on the interest rates instead...

I know I’m jumping into this conversation a bit late, but I figured I’d throw my two cents in just to help clarify things for anyone following along later.
So, basically, HROK was established by a consortium of 20 major American banks, and the Hub helped coordinate the whole thing and get the project off the ground.
Only the specific banks that are members of HROK—you can find the full list right on their website—actually have access to the data sitting in that database.
I also want to make sure people don't confuse HROK with a "black list," because that isn't quite how it works; rather, HROK allows a bank (provided you give them your consent, of course) to check if you currently have outstanding loans or if you're overdrawing your accounts.
The report generated from HROK is essentially what helps a bank decide whether they should approve your loan application and what kind of interest rates or terms they might offer you.
Now, there is this secondary aspect—this "black list" element—where there's a specific field used to flag if a client is currently under a freeze, meaning they have overdue credit obligations they haven't settled yet. It’s similar to how, once a client finally pays off that overdue debt, they still carry a sort of "red flag" marker for the next three years indicating they were previously delinquent in meeting their financial obligations.
If that little flag shows you are currently frozen, then you aren't going to be getting any loans from the HROK member banks—and as far as I know, those members make up the vast majority of the industry. However, if it just shows that you *were* delinquent in the past but are all caught up now, then it really comes down to the individual bank's discretion as to whether they'll approve you and what the terms will look like.

Hopefully, that clears things up a little bit! :-)

I just can't wrap my head around why interest rates didn't drop when the HROK system was introduced—it just doesn't add up! Normally, interest rates factor in the risk of default, and with HROK in play, that risk should be practically non-existent since banks can essentially peer into your financial soul and hand loans only to the most reliable clients. But nope—they haven't lowered those rates at all, even though their risk exposure has plummeted. It's pretty obvious they're just padding their own pockets.

Because of that specific issue—where people who opt into HROK don't actually see any tangible benefits—combined with the fact that banks constantly swap confidential data behind closed doors, I find it impossible to believe this system could ever truly exist here. In our country, though, it's entirely plausible because banks seem to operate well above the law.

We all know exactly who pulls the strings in our banking sector, and let’s be real—they aren't exactly losing sleep over being fair to the little guy when they could just focus on squeezing out every last cent of profit for themselves. That's pretty much the whole game, isn't it?

And don't even get me started on bank secrecy... I mean, even the folks in Switzerland finally had to cave and walk away from that, and we all know how much they used to treat bank secrecy like some kind of sacred, untouchable relic.
The US government basically just leans on everyone, using the whole "war on terror" excuse as a convenient way to push through whatever surveillance or financial oversight they feel like implementing whenever it suits them...

Can you send over the link proving that Swiss banks don't have bank secrecy anymore?

Are you seriously suggesting that the banking sector in the UK or the USA cares about anything other than their bottom line... instead of just chasing profit?

I mean, sure, obviously they're chasing profit—that’s the whole point of running a business, isn't it?—but it really comes down to the fact that they have these specific institutional mechanisms working in their favor over there, things we just don't have access to here in the States, or perhaps more accurately, the people who actually should be utilizing those tools to help us grow are simply sitting on their hands and letting them go to waste... hmm...

We basically walked right into this mess ourselves; in other places, governments step in to bail out the banks, but here, it feels like the banks are the ones bailing out the government... 😉

And just like the article mentions, they’re going to be hunting for evidence and looking at every single case on its own merits, all while making sure they don't cave on banking privacy

I mean, let's be real, nobody laundering money is doing it under their own name anyway, so they'll just use some offshore shell company 😬

Does anyone know which banks aren't currently synced up with the FBI—meaning they can't see those blacklists? I’ve been flagged at Chase... need a small loan ASAP. I heard maybe PNC might be an option, but if anyone has any leads, please help... much appreciated

lonecobra21 said:Does anyone know which banks aren't currently synced up with the FBI—meaning they can't see those blacklists? I’ve been flagged at Chase... need a small loan ASAP. I heard maybe PNC might be an option, but if anyone has any leads, please help... much appreciated

First off, you're kind of mixing up the FBI database with a credit blacklist—those aren't really the same thing. If you've got a blacklist status, you pretty much have to clear that up first. You'll need to get a formal confirmation from Chase showing you don't owe them anything anymore (you either settle the debt yourself or maybe take out a bridge loan through the Department of Corrections... though I guess that's a bit extreme)—only then will you actually be able to qualify for a standard bank loan. I hope that makes sense.🙂

Every major bank maintains its own blacklist

Really? My experience has been the exact opposite—honestly, I’m just lucky they don't kick me out of the bank the moment I walk in to ask about a loan, considering I'm already on their blacklist.

There are specific departments within banks designed to handle these matters, which is why formal agreements exist between credit bureaus and financial institutions. As an individual, you are simply a standard retail client

I’ve got my doubts. I’ve been through one of those myself and it didn't change a thing—having your name on a blacklist is a massive weight to carry, especially right now.

It ultimately depends on the extent of the credit blacklist and the level of one's salary; if you lack sufficient creditworthiness, then even a blacklist cannot be cleared

Everyone can see the blacklist, and honestly, dealing with the Department of Corrections is the worst possible route. They operate like private corporations that immediately deduct the sales tax from your approved loan amount right at the start, essentially forcing you to pay back taxes on money you never even actually received.

Does every single bank actually close off their blacklists? I mean, I don't know about this, but maybe you're living in some different reality... I guess you might be able to pull that off if you have some serious inside connection at the bank, but honestly, that has nothing to do with the actual contract between the bank and the broker. I'll give you credit if what you're saying is true, but I really doubt it.

The Department of Corrections basically acts more like a bridge than a traditional loan—it’s really just meant to close the gap until you clear your credit report and get a standard bank loan approved.
Regarding the sales tax thing, you're right, but we also have credit unions out there to consider.

So, my guy over at RBA told me today that I’m disqualified from being a co-signer because I was previously blacklisted by Zabiti. And let me be crystal clear: I WAS on that list only because they were sitting on my money, holding it hostage in some random account as "collateral" for a loan, and then failed to transfer it back to my checking account once the loan was paid off. Instead, they just let my checking account bleed out with overdraft fees and interest. They didn't even bother sending me statements because I had canceled the mail delivery after the loan was settled to stop them from clawing more money out of me... they only decided to give me a call when they actually wanted to sue me. All while they were literally holding my own cash in their vault. Anyway, I finally sorted that mess out this past spring, but now that I'm trying to act as a co-signer, apparently it doesn't matter—the HROK still shows me as blacklisted. And then he has the audacity to tell me it'll just magically disappear on its own after a few years!?!?!?!?!

Folks, does this actually hold water? Does anyone know anything about how this works????

Yeah, once three years have passed, you're off the blacklist.

Honestly, I don't think it’s going to work out... you might want to look into a different bank altogether. If you can't qualify as a co-signer at the Federal Reserve, then it probably means no other bank is going to take you on as one either—especially not places like JPMorgan Chase or Bank of America. They tend to be pretty strict about their requirements, so I wouldn't really recommend trying to push it there.