You Can Get Off The ChexSystems Bank List
The most effective way to deal with your ChexSystemsproblems is to get your name removed from their list (or at least get some of the negative informationremoved). Remember, credit reporting companies are not perfect. They makemistakes. Unfortunately, a mistake on your ChexSystems bank report can bedevastating to you. If you have an error or inaccurate information on your ChexSystems report, you are entitled to have it removed. Learn how in thisarticle.In order to dispute information on your ChexSystems record, you’ll need a copyof that record. You can order a copy by calling them at (800)428-9623 andfollowing their automated instructions. Remember that it takes a few days to getit. You’ll want to bookmark this article so you can return once your copy arrives.Once you receive a copy of your report, spend some time and review it with afine toothed comb. Any error or inaccuracy should be noted. Then, consider how you can prove that these items aren’t correct. Focus especially on the itemsin the reported information section, since that’s what banks are being told. Arethere reports of debts owed to banks that you know have been paid? Find proof of payment so that you can dispute the entry. Is there information that makesyou think you may have been a victim of identity theft? Make sure to letChexSystems know that it should be removed.Once you have your proof, it’s time to go on the offensive. Get the incorrectinformation taken off your report as quickly as possible. A law called the Fair Credit Reporting Act (FCRA) requires ChexSystems and all other Consumer Reporting Agencies to let you dispute any information that’s inaccurate or incomplete. Start your dispute by sending a letter to ChexSystems detailing theerrors on your report. By sending this letter, ChexSystems is required under theFCRA to reinvestigate those errors within thirty days. If you send additionalinformation during that thirty day period, they may take forty-five days. If theycan’t verify the information you’ve disputed, ChexSystems must remove it fromyour record.If you’re stuck in the limbo of being on the ChexSystems bank list, unable toopen an account, it’s worthwhile to spend a few minutes looking for errors, andwriting a letter to dispute them. The only cost to you is time and a stamp, and if you succeed, your record could be entirely clean. Consider using a letter likeexample letters on the Website listed below. Be sure to clearly point out allerrors. If you use the example letter, be sure to replace all the italicized or bracketed comments. Clarity and politeness are important, as is accuracy. Sendthe letter either via fax, or by Express Mail, and be sure you keep a copy.Once you’ve mailed your letter, ChexSystems may contact you for moreinformation. Make sure you remember when you sent your letter, and be sure to
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