Teletrac & Telecheck/Chexsystems - the Difference...

lets all sue!!!! i filed bankruptcy and they charged my bank account d days later leaving me in the negative for the d or fth time the bank told me its only r time that they can try legaly to run the check. im sueing or getting my money back via bankruptcy! band together

How do i contact goudah 2424 to get a list of bank s in oklahoma that don't use check systems or teletrack

Great post Sue! I think it will clear up a lot of confusion.

I know I never even heard of Teletrac until I started with Payday Loans.

Thanks for the great post, Sue!! I know, not long ago there was a discussion about who did what, and this clears that up!! :D Karen

Thanks, Fins!

I know, many have not heard of these databases until they run into Teletrac on a payday loan, and then it gets confusing because of Telecheck and Chexsystems.

You know the payday lending industry started Teletrac and made the name similar to Telecheck in order to make it sound the same...so people would fear it. :evil:

Great job Sue! This definatly should be a sticky! :D

Thanks for the clarification Sue.
8)
ladybug

You need to register and then pm her or
you can use this link to e mail her
chexhelp4u(at)hotmail.com,

Thank you for that information!! I have sent a letter to TeleCheck to see if I have any outstanding checks.

Personally I would never pay off chexsystems .. ( maybe Telecheck ) unless you are wanting to do the " moral thing" paying off chexsystems will NOT remove your name from their data base and you will still not be able to open a checking account. Telecheck is a bit different

Big difference is that telecheck will remove you if paid and chexsystems will not unless the bank tells them to. Both are CRA's

According to the Federal Trade Commission they are considered a consumer reporting agency, as specified in the Fair Credit Reporting Act.

They collect, store and report consumer information relating to check transactions and bank accounts.

Also, Telecheck activities are governed by two federal laws because they collect and sell consumer information, and also collect debts.

The Fair Credit Reporting Act - for consumer information reporting.
The Fair Debt Collection Practices Act - for check collection activities.



Here is the list of banks and credit unions that may help you if you find that you are on chexsystems

http://www.debtconsolidationcare.com/banking/index.html

i have been fighting a listing in check systems for a supposed insufficient funds account that was closed and the origional bank that was supposed to have reported me even sent me a letter about them never reporting any accounts in my name and even with that letter check systems will not take my name out of their system

i guess even a fraud listing is allowed to stay unless you can find a lawyer willing to let you pay 300 a hour to remove a fraud listing they are trying to make me pay 40 to settle that was never reported according to the bank check systems claims reported me

it is not about money and i will gladly spend 40 million to make a point of not letting them profit from fraud but they will not get the 40 dollars they claim i owe that the origional bank even says in writing i do not owe

i just want them to spend so much money trying to collect in court even after showing them the letter several times i got directly from the origional bank about never being reported

Yes Chexsystems can be very nasty for consumers. This forum has some great resources on what you can do if you are a victim of this agency. I have seen first hand how people can not open a checking account at any bank in town because of something that was reported on Chexsystems.

I would like to know how Telecheck can legally take my bank information off a check I wrote at Walmart and charge my account 25.00$ and get away with it! The bank has removed it twice now and I have had 3 very nasty conversations with Telecheck! I have no NSF or stop payments and the check to Walmart also cleared the bank.... But I have found out that this has actually happened to a co-worker on a check also written to Walmart and one of our patients here at the Clinic I work for has also had this happen to him.
________________________
Denise

I have the same concern. I too would like to know how Telecheck can legally take my bank information off a check I wrote at Sears and charge my account $30.00. Sears redesposited the bounced check 2 days after it bounced and got their money. In the mean time I cant cash any checks because Telecheck said I have to wait 2 weeks for it to clear with them. To my surprise, 2 weeks later I checked my bank account online and found that Telecheck had charged me $30.00. Is this legal? What gives them the right to go into my personal bank account and take money out? Can this be stopped? I feel my personal rights have been invaded. Its just not right.

Sue, thanx for clear up this situation))))

How can i get a list of the banks that don't deal with chexsystem or telechex. Seding to sue. Help me please!

Here are few instructions as to how you can find out the list of banks that don't deal with chexsystem or telechex:
"http://www.ehow.com/how_4803156_non-chexsystems-banks.html"

A good resource to help people who're seeking info regarding banks that don't deal with chexsystem or telechex.

If you have debt over 10,000 Call these guys (Curadebt) 888-720-2515.

They should designate between if it was fraudulent activity on the account or NSF checks. Besides that's where most embezzling occur. Fraudulent activity could be inhouse.