US Bank Charge Off and Chexsystems
Date: Wed, 02/27/2013 - 14:47
My husband and I currently have a US Bank account with a negative balance that we are unable to pay. It will be charged off next week and reported to Chexsystems.We are already anticipating a payment plan after the charge-off.
We each have another checking account at a credit union. These accounts have been established for over a year. Will the report to Chexsystems affect our established credit union accounts? Will they close those accounts because of this?
We each have another checking account at a credit union. These accounts have been established for over a year. Will the report to Chexsystems affect our established credit union accounts? Will they close those accounts because of this?
Some credit unions do not use
Some credit unions do not use ChecxSystems and a lot do not even check your CS report even if they use it. Banks are more stringent with their regulations when it comes to basing decisions on your CS report.
Chexsystems is usually only
Chexsystems is usually only checked when you are opening an account....not after the fact.
