Help me!!!
Date: Wed, 04/30/2008 - 09:17
As far as I know, only banks can put someone in chexsystems. A P
As far as I know, only banks can put someone in chexsystems. A PDL can, however put you in Teletrak--and this is no great loss, because all this would mean is that you could never get a PDL again, or buy anything at a rent-to-own store, which has overrated stuff anyway, imho.
That is correct - Only FDIC insured banking institutions can rep
That is correct - Only FDIC insured banking institutions can report to Chexsystems, and only for information about DDA accounts.
I would definitely not consider it a loss to not be able to get
I would definitely not consider it a loss to not be able to get another pdl!!! I just don't want to not be able to write checks at places like the grocery store, etc.
Goudah, I'm not sure what a DDA account is. Can you help me? Wha
Goudah, I'm not sure what a DDA account is. Can you help me? What is a pdl considered?
Also, would you all suggest that I just let it go to third party
Also, would you all suggest that I just let it go to third party ca? I don't see that I have another choice at this point. I have heard it is easier to work with a ca, in some cases...
DDA means Demand Deposit Account - A transactional account (Nort
DDA means Demand Deposit Account - A transactional account (North America: checking account or chequing account,[1] United Kingdom and some other countries: current account or cheque account) is a deposit account held at a bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Because money is available on demand these accounts are also referred to as demand accounts or demand deposit accounts.
Oh, ok. Now I see. Because a pdl or a ca doesn't hold funds that
Oh, ok. Now I see. Because a pdl or a ca doesn't hold funds that I can demand on the spot then they shouldn't be reporting to chexsystems...am I understanding correctly?
Would it be best to let it go to ca and just try to work with th
Would it be best to let it go to ca and just try to work with them?