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 Posted: Tue Jul 31, 2007 7:46 pm
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Can you PLEASE help us? Queen had a check denied at a retail store. Apparently Zip Cash reported her and it's on chex systems. The retail store denied her check. Is this possible? Is this normal? Can a pdl report you to chex systems? A licensed pdl? An unlicensed pdl? Any pdl? I'm so confused and now we're concerned. Can you help??? Thank you for any information!
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cannr
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Posted: Tue Jul 31, 2007 7:48 pm
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I know that alot of PDL's do report to Teletrack, which is also used by places like Rent to Own stores, for example. What kind of store was it, and is she sure it was Chexsystems?
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kscornell
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Posted: Tue Jul 31, 2007 7:55 pm
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In most states, a postdated check can not be considered a bad check because the person accepting the postdated check does so knowing that the money is not available.
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Leah
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Posted: Tue Jul 31, 2007 7:56 pm
Latest Blog Post : Decision |
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Kscornell...Queen posted the info under the post Zip Cash ...
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Morningstarr430
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Posted: Tue Jul 31, 2007 7:59 pm
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ks, I believe it was Walmart.
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cannr
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Posted: Tue Jul 31, 2007 8:01 pm
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Wow, Chexsystems does check approvals? I thought places like Cynergy did it???????? I thought Chexsystems was only checked when someone was opening a new account.
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kscornell
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Posted: Tue Jul 31, 2007 8:03 pm
Latest Blog Post : Where do I begin? |
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Cannr - the release GECC wants me to sign off specifically states
"neither Company nor any of its Representatives shall place any derogatory mark on Borrower's credit report with any credit bureau, or any other check writing database, such as TeleTrack or any equivalent database."[quote]
I hope this helps give you some peace of mind. I think when all parties agree to PIF you could ask for this kind of statement in order to protect yourself.
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MPEREZ56
Joined: 06 Nov 2006
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Posted: Tue Jul 31, 2007 8:10 pm
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That is exactly what my release from ZIPCASH states as well. If she has a copy of this statement, she should be able to rectify the situation, correct?
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bflow30
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bflow30
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Posted: Tue Jul 31, 2007 8:13 pm
Latest Blog Post : Where do I begin? |
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I would think so - I don't have it on all of my PIF's but at least I now know what to ask for if I should have any problems.
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MPEREZ56
Joined: 06 Nov 2006
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Posted: Tue Jul 31, 2007 8:14 pm
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You know, my PIF's didn't state that. Wait. Maybe one did. But only one. I'm still confused. How in the world can an illegal pdl report an illegal debt to chex systems? Or to anyone for that matter?
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cannr
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Posted: Tue Jul 31, 2007 8:23 pm
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I had a couple that said that and one WAS zipcash. It will all work out. This is the craziest thing! Who in the world could have imagined this one?
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bflow30
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bflow30
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Posted: Wed Aug 01, 2007 4:40 am
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Now I am completely confused. A PDL reporting to chex
can this force checking accounts to be closed
Queen
are you sure it was chex not telcheck or something else. This is a potential problem for all of us working so hard to protect our new accounts
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kashzan
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Posted: Wed Aug 01, 2007 6:51 am
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Yeah, are you sure it was Chexsystems? I don't understand why a store would use a system like that. There are so many other systems geared towards retail establishments. Like Telecheck, which shows if there are any outstanding bounced checks. Chexsystems doesn't show if you've bounced a check, only if you owe a bank money, commited fraud at a bank, or abused your bank account. Plus it is only for banks, so I don't see how a pdl could even report. They could check the report, and an inquiry could show up, but I don't see how they could report anything to it.
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goudah2424
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Posted: Wed Aug 01, 2007 6:54 am
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ChexSystems provides data related to how a consumer has handled deposit accounts at banking institutions.
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goudah2424
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Posted: Wed Aug 01, 2007 7:01 am
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Even if she was reported to chexsystems, she that should not affect her check writing ability. Wal-Mart deals with Telecheck as far as I know.First, I would call Wal-Mart and ask them if they are using Telecheck to authorize checks. If the answer is yes, I would recommend is giving Telecheck a call. If it is Telecheck that stopped her from writing it, they will be able to tell her exactly what the reason is.
Declined Check Information
for Check Writers 1-800-366-2425
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Sassnlucy
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