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Is it best to let sleeping dogs lie with my Chex report?


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1 reply to this topic

#1 rslifkin

rslifkin

    Joseph C unchained

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Posted 05 May 2012 - 03:51 PM

Hello mca, all. I am wondering if it is best to "let sleeping dogs lie" with my Chex report. I had "4" entries on it, two from two banks, and I saw it in 2009. I also had Chase say "No account available" in 2009. I just recently got into ELFCU, last month. No issues with Chex.

I am unsure what the inquiries/entries were, but I can not imagine how they would be from past 2007 - early 07, late 07, idk how they got entered I just know there were things on there when I applied and was denied for a brick-and-mortar bank in 2009.

Two questions:

1. Will my Chex entries automatically "fall off" this year? (5 years, as opposed to 7 like they do on a credit report?)

2. Should I just "leave it alone" so that they dont try collecting due to an inquiry?

ELFCU went smooth-sailing and im wondering for next year, etc etc, if i were to apply for a bank again.


I also want to get the Fidelity Investments account I can use to buy stocks. is that still Chex/EWS/TeleCheck friendly? Thanks!



#2 mca

mca

    Lead - Chexsystems Help Forum

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Posted 15 May 2012 - 09:34 PM

Hello mca, all. I am wondering if it is best to "let sleeping dogs lie" with my Chex report. I had "4" entries on it, two from two banks, and I saw it in 2009. I also had Chase say "No account available" in 2009. I just recently got into ELFCU, last month. No issues with Chex.

I am unsure what the inquiries/entries were, but I can not imagine how they would be from past 2007 - early 07, late 07, idk how they got entered I just know there were things on there when I applied and was denied for a brick-and-mortar bank in 2009.

Two questions:

1. Will my Chex entries automatically "fall off" this year? (5 years, as opposed to 7 like they do on a credit report?)

2. Should I just "leave it alone" so that they dont try collecting due to an inquiry?

ELFCU went smooth-sailing and im wondering for next year, etc etc, if i were to apply for a bank again.


I also want to get the Fidelity Investments account I can use to buy stocks. is that still Chex/EWS/TeleCheck friendly? Thanks!



If your reports are from 2007.. they will be removed in 2012. ELFCU does use chexsystems so my guess is that you are not longer reported to chexsystems.

It has been quite a while since we made the announcement that Fidelity had started to close accounts.


In the past few years, the MySmart Cash account helped a great deal of people. Now they are using the lead company who checks the banking background called MSI. I contacted MSI and they said they use : checksystems, Lexis -Nexis and telecheck to evaluate accounts opened by Fidelty. If there are negatives, they 'suggest' to Fidelty to take appropiate action(s).




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