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I have an entry on Chexsystems that is almost five years old. It actually doesn't even belong to me, but rather to my father with whom I share my name. The last four digits of the SSN on the report don't even closely match mine. However, Chexsystems is steadfast in their refusal to remove it.
To that end, I have had to circumvent Chexsystems and open my accounts at banks that do not subscribe to that silly service. In my experience, there are many credit unions that do not pull Chexsystems, including NASA FCU, PSECU, PenFed, Navy Federal, Apple FCU are just a few. I know Dept. of Commerce FCU unquestionably pulls Chexsystems, as does Alliant FCU, SECU, Georgia's Own, Congressional Federal and Dept. of Agriculture FCU. Additionally, I've found from experience that Chase and Citi uses Chexsystems, but SunTrust, TD, USAA and WF do not.
I have come to realize, much to my satisfaction and surely to their chagrin, that Chexsystems' relevance and influence in the banking industry is slowly eroding. I hope this helps those of you who are stuck under the thumb of Chexsystems.
Hi I just applied for the bank Simple.com online and was declined.
The Reasons from chexsystems were as followed:
Credit Score: 0532 Score Date: 7/30/2014 5:25:52 PM
The key factors that adversely affected your score are as follows:
ASSET OWNERSHIP HISTORY
CURRENT ADDRESS CHANGE HISTORY
DDA CLOSURE PAYMENT HISTORY
1 previous inquiries by 1 Fl(s)
My credit score has never been this low before and I just had a credit report done 2 years ago and it didn't say any of these things. So i'm curious what these mean. I know I have a bad bank account with a Small bank in another state that I had but Im working on paying that off. we recently moved but at the end of our lease so im confused on the current address change history.
Any help on what all of these mean would be greatly appreciated!
So I have reviewed various sources of info about the process of disputing an item in Chexsystems and am confused about 1) how many letters to write and 2) if more than one letter, what should I be requesting at each step.
If I feel I have legit dispute should the first letter I send just ask for verification of the negative information? Meaning I would not provide any evidence to dispute at this stage.
Assuming the Chexsystem can verify the item I then ask fo reivestigation? Use the Chexsystem pdf or write my own letter?
I know we have a Chex forum, and I've gotten help from there on a more Chex-specific issue, but this is more about FCRA and CRAs, in general. I want to file a complaint with the CFPB, but before I do, I thought I'd check with the pros.
I disputed a misspelling of my first name (it's missing a letter) on my Chex report, and this is how they replied:
(Let's say my name is Suzie Qewe.)
"In addition, our records indicate that the disputed name Suie Qewe was provided by you in previous contact with us. Therefore, it has been retained in your consumer file. Should you wish ChexSystems to pursue this matter further, we must first receive a notarized statement confirming that this address does not belong to and has not been used by you. Once we have received this notarized statement, we will be happy to review the situation further and will inform you of any actions taken."
Keep in mind that the sentence combines reference to a misspelled name and "address"...this makes no sense.
And if I am the one who allegedly "furnished" this data to them, don't I have a duty to correct?? I included a copy of my TXDL, so they were looking at proof of identity. Do my creditors send notarized statements when THEY correct furnished data...?? (Nevermind the fact that I know how to spell my name, so I seriously doubt I furnished this data.)
I have been lurking in this forum for a while, just signed up because I was to forward this information to you folks who could use it
I have two corporations. for the purpose of this post I will call one Corporation A and the other Corporation B
Personally I am on chex systems from monthly bank fees adding up after I stopped using the account 3 years ago.
Last year in June when I formed Corporation A (a C-Corp) and received an EIN from the IRS, I applied with B of A online for a corporate account.
It was approved.
They called and asked me to come in to do the signature cards (I sent the articles, etc online by pdf when applying)
Three Months Later they closed the accounts after an internal review (was not overdrawn and had a $9,000 balance). Took 21 days to get the money from the account.
****Sneaky feeling it was from a report Wells Fargo made on me personally
--This Year I formed Corporation B (a C-Corp) and received an EIN from the IRS, I applied for a Redwood Credit Union account in branch and was approved.
They did not ask for my social security number when I went into the branch. Just my license. Have had NO PROBLEMS what so ever
and just out of curiosity, I pulled up the pdf application from redwood credit union for business accounts.
It says that they
Please See Image From my Blog with RCU Application Screen Shot