Welcome Guest ( Log In | Register )

Important Announcement:
  • Creditboards is now accepting applications for our moderating team.
  • Our Military Forum is open for our members of the military and their unique challenges.
  • Thinking about Credit Counseling/Debt Management Plan? Check out our new forum.
  • If you're getting an Authentication mismatch error: Clear your cache. Log out of CB. Delete your cookie. Close your browser. Open your browser and log back in.
  • AOL users: In order to post you will need to use Internet Explorer 6.0 (or higher) or Firefox 2.0 (or higher). You cannot utilize all features of this board using the AOL browser.
 
 Reply to this topicStart new topic
> Disputing with Chexsystems, 5 stages
mca
post May 24 2008, 01:26 PM
Post #1
Lead - Chexsystems Help Forum

Group: Members
Posts: 866
Joined: 9-May 03
Member No.: 775
There are five stages to disputing:

1. Gather the facts and send the initial dispute letter.
2. If the information is not removed, send a procedural request.
3. If the procedural request does not result in removal, dispute with the original creditor.
4. Send the ITS - Intent to Sue Letter
5. File complaints with the bank regulator, the state attorney general - and consider legal remedies.

Step 4 is allowed under FACTA [Amendments to the FCRA]. You can dispute directly with the original creditor if the credit reporting agency does not resolve the situation. The original creditor must investigate and respond within 30 days.

The letter you sent in the message is considered the "procedural request". This is where Chexsystems must show how they "verified" the information with the bank

NOTE: Neither the FCRA or FACTA require them to produce documents as proof. However, they must indicate how they verified.

If it has been 15 days, send the Intent to Sue letter to a Chexsystems executive [I like to send to their legal counsel] for their FCRA violation. Send a certified RRR dispute letter to a bank executive, indicating they are in violation of the FCRA for verifying inaccurate information with Chexsystems.


there are sample letters that can help you in this process at http://www.chexsystemsdisputes.com

This post has been edited by mca: Jun 12 2009, 10:43 AM
 
    +  Quote Post  Go to the top of the page
Googie
post May 24 2008, 01:26 PM
Post #
The MoneyMaker

Group: Accounting
Posts: One in Every Topic
Joined: 1-February 03
From: Mountain Home, CA Member No.: 1


 
      Quote Post  Go to the top of the page
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
 

Reply to this topicStart new topic

 

Powered By IP.Board © 2009  IPS, Inc.
Skin by: Dragonfly © all rights reserved.
© Copyright 2003 - 2008 Creditboards.com. All rights reserved. No portion of this site may be reproduced without explicit permission from the owners. The content of creditboards.com is subject solely to the personal whim of its admins. We reserve the right, at our sole discretion, to remove any and all posts or comments, at any time, for any reason which takes our entirely capricious fancy, or for no particular reason whatsoever, without restriction. Comments or questions regarding the site may be addressed to admin@creditboards.com.
Lo-Fi Version Time is now: 21st November 2009 - 04:17 AM