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Any experience with Etrade or Scottrade post discharge?

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    Any experience with Etrade or Scottrade post discharge?

    As incontinue to rebuild my finances, I was thinking about opening a small online trading account with $500. They ask for ss number which got me worried they might do a credit check, so I came here for advice. Anyone know if this would ding my credit score? If so, I'll wait. I was discharged at the end of October 2011.

    #2
    It's the equivalent to opening a checking account. They will run a credit check to determine what sort of brokerage account you qualify for. You will not qualify for any type of margin account but they may allow you a cash only money market account. The only 'ding' is the same as if you were opening a checking account and the bank was checking your credit worthiness.
    Cheers!
    Filed Ch 13 Feb 9, 2012, 341 meeting Mar 15, 2012, Confirmed Apr 5, 2012
    Anticipated freedom party Apr 2015

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      #3
      Thanks for the reply! I'm still in thinking about it mode, but wanted to gather info. before taking the plunge. :o)

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