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Last edited by mca on Mon Jul 28, 2008 6:20 pm

For dispute sample letters and information go to the site below...

This is the information needed before recommending a Chexsystems dispute:

1) What does your Chexsystems report say . . . does it indicate a specific dollar amount is owed, or does it list NSF Activity, Account Abuse, etc. ** The objective is to catch them reporting incorrect information or an inaccurate amount.
If the report says NSF Activity or Abuse, was there a negative balance on the account? Has it been paid?

2) When was the entry added to your Chexsystems report? If the account became negative - when was the first month it was negative? What month was it closed and when did the bank report it to Chexsystems? **This helps determine when the five year clock should start ticking - and when the account should have been reported by the bank.

Again, you are looking for any type of inaccuracy you can hold them accountable for. The FCRA specifies that only accurate information can be reported, and it provides a time requirement for reporting negative information. Banks cannot wait and report negative accounts when they
want to.

3) Did you receive a collection notice from Chexsystems?

**THIS IS VERY IMPORTANT! If you receive a collection notice, then it is a different ballgame. Chexsystems then must adhere to the Fair Debt Collection Practices Act. The FDCPA says they MUST validate -- provide a full account history of all statements, signature forms, etc.

4) Were you the primary account holder? **If not, did you ever sign a signature form or use the account? Yes Chexsystems is subject to the
same rules/regulations as set forth by the FCRA. You should first "dispute" the item with Chexsystems and if it comes back "verified" within the 30 day time frame, you should request "validation" of the debt. BE SPECIFIC if you request validation.

Ask for original copies of your signature, etc. If you don’t , they will send you some bogus documents and call it validated and then call
it a day. Most people on here have dug their own grave with the reporting bank, and arehoping the bank does not verify the chexsystems item within the allotted time frame. This can and does happen. Especially if
you are dealing with a BIG bank (BofA, Wells Fargo).

There are several methods you can use for deletion. Some go for the method that essentially catches Chexsystems in a FCRA violation. Often times they use the "violation" as leverage for deletion.

Another avenue to go if you can’t get your item removed. Being listed in Chexsystems SEVERELY (if not completely) restricts your banking abilities. They can be held liable for multiple FCRA violations if the information they have on you is not correct..the inforamtion must be 100% correct.

Posted: Wed Jan 30, 2008 5:48 pm Subject:

thank you mca

Posted: Mon Feb 04, 2008 7:27 pm Subject: Thanks

Thanks!

Posted: Tue Feb 05, 2008 4:58 am Subject:

The link for a free report is not working, is there another way to get a free report from the chex system?

Posted: Mon Jul 28, 2008 6:34 pm Subject:

here is the information to get a free copy of your report with chexsystems
http://www.debtconsolidationcare.com/banking/about49037.html

Posted: Tue Jul 29, 2008 9:20 am Subject:

I ordered my chexsystems report but can't figure out how to view it and print it off, or if it will be mailed to me, if it will be emailed to me, or what? The FAQ doesn't address HOW to view or receive the report? HELP!

Posted: Wed Aug 13, 2008 4:21 am Subject:

It will come in the mail

Posted: Wed Aug 13, 2008 5:24 am Subject:

I received it yesterday and it said it was unable to provide me with some information as the name I provided did not match. I was divorced 10 years ago and they only ask for names and addresses within 5 years. Should I send them a letter with my old name as it seems they have something else on there, probably from my old marriage?