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Denial Because of Chex


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5 replies to this topic

#1 coolerscouter

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Posted 02 November 2012 - 12:56 PM

I applied for a Simple account and was denied for the following reasons from Chex: NO EVIDENCE OF PROPERTY OWNERSHIP
TIME AT CURRENT ADDRESS
NON-DEROGATORY PUBLIC RECORD HISTORY
ASSET OWNERSHIP HISTORY
5 previous inquiries by 4 Fl(s)

What does the public record reason mean?



#2 cashnocredit

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Posted 02 November 2012 - 03:35 PM

I applied for a Simple account and was denied for the following reasons from Chex: NO EVIDENCE OF PROPERTY OWNERSHIP
TIME AT CURRENT ADDRESS
NON-DEROGATORY PUBLIC RECORD HISTORY
ASSET OWNERSHIP HISTORY
5 previous inquiries by 4 Fl(s)

What does the public record reason mean?

If you apped for a checking/savings account the most likely reason is the 5 inqs by FIs. Some banks don't like new accounts with a lot of other recent bank accounts and that's generally what is meant. Chex doesn't record actual accounts unless they are negative.

Get a copy of your Chex report. It will have somewhat more detail.

#3 coolerscouter

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Posted 10 November 2012 - 01:23 PM

I received my Chex report today and it lists two non-derogatory public records. A quick Google search doesn't return anything useful as to what they could be. How can I go about finding out what they say the supposed public records are? If they're non-derogatory, why are they on there at all?
I also noticed that the report, under the "Names" section has two different names for me, one spelled with an 'e' (and a middle initial that matches mine) and one with an 'o' (with no middle initial, although the correct first/last name spelling).
I plan to dispute the second, misspelled name (as well as an Ally double inquiry).
What would a good despite letter be to fax to them? I've seen plenty of credit despite templates on here but no Chex disputes.Thanks.

#4 bostonte

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Posted 10 November 2012 - 02:13 PM

Do you have any lawsuits that you were found to owe money on (ex-spouse, business dealings, small claims, etc.)?

I'm just wildly guessing, but that's the only type of thing I could think would be a non derogatory public record that interests Chex subscribers. Concerns about being subject to a court order or levy shortly after opening the account, etc.

Any other type of "public record" I can think of I would classify as derogatory.

#5 coolerscouter

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Posted 10 November 2012 - 02:48 PM

Not that I am aware of.
Edited to add:
There is also no mention of anything on my other credit reports from Transunion, Equifax, or Experian.

Edited by coolerscouter, 10 November 2012 - 03:05 PM.


#6 cashnocredit

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Posted 10 November 2012 - 03:10 PM

I received my Chex report today and it lists two non-derogatory public records. A quick Google search doesn't return anything useful as to what they could be. How can I go about finding out what they say the supposed public records are? If they're non-derogatory, why are they on there at all?
I also noticed that the report, under the "Names" section has two different names for me, one spelled with an 'e' (and a middle initial that matches mine) and one with an 'o' (with no middle initial, although the correct first/last name spelling).
I plan to dispute the second, misspelled name (as well as an Ally double inquiry).
What would a good despite letter be to fax to them? I've seen plenty of credit despite templates on here but no Chex disputes.Thanks.


Well, whatever the label, the public records are likely what the problem is. Chex has an obligation, upon request, to identify these public records so that you can review them.




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