Chexsystems Report.... help!
Date: Tue, 09/06/2011 - 12:55
I received my Chexsystems report today.
There is a heading that says: Reported Information (refers to reports of accounts that have been mishandled, reported for cause, and/or outstanding debts. Reported information is submitted directly to ChexSystems by members of our service which consists mainly of financial institutions.)
I have two listings under this heading, both of them banks. Both were reported for Non-sufficient funds (NSF) activity.
The first was reported 8-20-2008 for $997.10, closure status as PAID IN FULL/SETTLED IN FULL with a closure date of 10/23/2008.
The second has a reported date of 8-8-2008 for $536.96, closure status as PAID IN FULL/SETTLED IN FULL with a closure date of 10/23/2008.
The rest of the items in my report are "Inquiries Initiated by Consumer Action", such as when I tried to open bank accounts, as well as Teletrack inquiries.
My question is this: since both of these accounts have been paid, almost three years ago, would it do me any good to contact the banks and see if they will remove me from the system? Or should I just wait it out two years and start clean. Will the TeleTrack inquiries hurt me as well?
Thanks for all of your help! :)
There is a heading that says: Reported Information (refers to reports of accounts that have been mishandled, reported for cause, and/or outstanding debts. Reported information is submitted directly to ChexSystems by members of our service which consists mainly of financial institutions.)
I have two listings under this heading, both of them banks. Both were reported for Non-sufficient funds (NSF) activity.
The first was reported 8-20-2008 for $997.10, closure status as PAID IN FULL/SETTLED IN FULL with a closure date of 10/23/2008.
The second has a reported date of 8-8-2008 for $536.96, closure status as PAID IN FULL/SETTLED IN FULL with a closure date of 10/23/2008.
The rest of the items in my report are "Inquiries Initiated by Consumer Action", such as when I tried to open bank accounts, as well as Teletrack inquiries.
My question is this: since both of these accounts have been paid, almost three years ago, would it do me any good to contact the banks and see if they will remove me from the system? Or should I just wait it out two years and start clean. Will the TeleTrack inquiries hurt me as well?
Thanks for all of your help! :)
Hi cnm, You can always contact the banks and see if they will r
Hi cnm,
You can always contact the banks and see if they will remove you from the system. As the debts has been paid off in full, there are high chances that they may consider your request and remove you from their system. In case, they don't consider your request, then you can wait for 2 more years and then take required actions.
Take care.
