Banks and Credit Reports
Date: Tue, 11/30/2010 - 15:57
Do banks report to the three main credit report bureaus as well as Chexsystems. I know if it goes to collections it will report. I had an overdraft from a few months back with Woodforest. I called them and they said it is reported as charge off but that i can can repay and be able to open a new account. My question is when they say it was reported would they mean chexsystems or the 3 bureaus...i'm assuming if i can repay it to htem they didn't seel to a collection agency
They may or may not report to all the credit bureaus. You need t
They may or may not report to all the credit bureaus. You need to take out copies of your credit report and check whether it's been reported or not.
all banks are different
All banks are different. From what I know about Woodforest, they will report you to Chexsystems and Telecheck. If they turn it over to a collection agency then it may also be reported to one of the 3 bureaus.
Submitted by Mary Adkins Matthews on Wed, 12/01/2010 - 22:18
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