Hey Everyone,

My first time posting! I have a debt with Washington Mutual on my Chexsystems for $8,632.93 (date reported 07/10/2007) - they've sold the debt to "Accounts Receivable Management / RJM Acquisitions, LLC".

I was wondering the likely hood of actually getting something like this removed before the 5 years is up? Will collections agencies be able to get these things removed from Chexsystems?

I guess what I'm wondering is if they have been known to do anything like this before (as far as removing from Chexsystems goes). Is there a letter/template that I can use? I was hoping that maybe the agency would agree, and be motivated by me paying $1,100 a month for 8 months until payed off? Is that something that they'd be moved by at the slightest, or does it not matter?

Thank you so much. It's been so helpful being able to read these forums and discussion topics. Thank you!

Everyone has the right to dispute with chexsystems, they are a credit reporting agency.

Right now your chexsystems report is due to be removed in 2012, paying it off this year and making any type of payment on it can start the 5 year clock all over and let's say that you pay it off this year 2009, they could then in turn report it until 2014. This is especially true with WAMU and some other banks

Paying it will not remove you from chexsystems. If you are going to ask for a payment for deletion, then make sure you get it in writing. Again most of the time, banks will not agree to such.

mca

Are you saying that if I (he,she,them) pay a delinquent acct, reporting on chex that they can
reage the acct, and keep it on another 5 years.

If so what incentive would any1 have to pay off the acct. I was getting ready to pay
off some NSF charges. I am hoping to work out a PFD since it's a small CU, but if they
don't agree to that then I should just say, me so sorry, can no pay.

Understand you that? Sorry it's late lesdexia setting in

I believe that the clock starts ticking on the 5 years after the first delinquency with no payments after that unless chex is different and i don't belive they are. Also I had dealings with that RJM this month and surprisingly they were very easy to deal with and deleted baddie, or at least i have a letter saying they will. At the same time my amount was only for $50 dollars

Yes, it applies to Chexsystems - but it is not a common practice. Legally they could update the report to the time that the last payment was made. But, I have found their practice is to adhere somewhat to their 5 year range. You don't see many banks updating entries to extend the reporting period once you pay. With that said.. recently I am seeing several big banks that are updating chexsystems reports once the customers pay off the debts..here is one example

http://www.chexvictims.net/index.php?showtopic=934

Interesting read. I am in the same position as the original poster.
I have a $6800 bank account overdraft on chexsystems and it is also with RJM acquisitions.

They offered me 20% off the total to pay it in full so last week I sent them a settlement of my own CMRR for $1700.

Still waiting on a response. My question is what I should do if I don't hear from them?

Ryan... how old is your report?

I sent them a letter almost 3 weeks ago and haven't seen anything back from them. How long do they usually take?