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DuckyFriend86

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How long does information stay on one's EWS report? My ChexSystem and Telecheck reports are all clear.

Edited by DuckyFriend86

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EWS reports for 7 years. On a positive note, it is not universally used.

 

Banks Who Own It:

Bank of America, BB&T, JPMorgan Chase, Wells Fargo and Capital One

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EWS reports for 7 years. On a positive note, it is not universally used.

 

Banks Who Own It:

Bank of America, BB&T, JPMorgan Chase, Wells Fargo and Capital One

Thank you!

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EWS reports for 7 years. On a positive note, it is not universally used.

 

Banks Who Own It:

Bank of America, BB&T, JPMorgan Chase, Wells Fargo and Capital One

 

 

The CSR I spoke to today at EWS said information reports for 5 years.

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Possibly, they have changed their policy. I will confirm (reps can and do give bad info). If is 5 years, I will post a message on the Chexsystems forum

 

Thank for the update.

Edited by tmcgill

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Possibly, they have changed their policy. I will confirm (reps can and do give bad info). If is 5 years, I will post a message on the Chexsystems forum

 

Thank for the update.

 

Thanks, I also did a search & couldn't find anything to confirm or deny the 5 years.

If they're like Chex, that would be great.

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That would be phenomenal! EWS reports usually result in an instant denial or account closure. Many, many indivduals are reported for "fraud", when there really was no fraud on their account.

 

I'm contacting their corporate office for confirmation.

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Getting inconsistent information from EWS reps. Will go higher and post my findings once I speak with management.

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High five TMC, good detective work! Thanks for investigating.

 

I ordered my EWS report on Tues, does anyone know how long it takes to get the report in the mail?

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So if I'm clear in Chex in11/15/16!! I should be clear on EWS? How can I order my EWS report ? Thank you for your hard work, I pray that is the case !!!

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I spoke with several individuals. (Whenever you verify, you try to get consensus from multple contacts).

Two said the information remained until the bank cleared it (obviously, they need more training).

But the others confirmed the 5 year reporting period.

 

**Note: The FCRA allows them to report negative information for 7 years, but like Chexsystems, they have chosen to shorten that to five years.

 

Unfortunately, they do not provide an online option to get your report, you have to call and request by phone. Once you give them your SSN, they will tell you instantly if they have anything in their files.

 

www.earlywarning.com - 800.325.7775

Edited by tmcgill

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I have confirmed with EWS few times. Negative information is reported for 5 years under first portion and Banks are usually concerned with the first portion of the reports under the box "Information provided

 

to EW about closed accounts." Because accounts listed in this first portion have a notation such as "Closed for Cause, NSF, etc. Such notation indicates the reason of why a particular contributor had reported

 

that account to EWS. While accounts status, balance history of accounts closed by a bank will still be reported under the "Transaction history." Presence of an account under "Transaction History" is not

 

seen as an adverse factor. EWS also reports inquiries resulted from an action initiated by a consumer. That information is currently reported for 12 months (two years, if a consumer file is accessed for

 

employment purposes). EWS does state that number of these inquires may adversely affect a consumer file. Although EWS is subject to FCRA, they do not have any procedure in place to request

 

suppression or freeze.

Edited by Fred030

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Federal law requires them to freeze the account if you submit appropriate proof of identity theft.

Individual states may also have statutes to supplement the FCRA that pertain to consumer credit files.

Edited by tmcgill

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Thanks for the info TMC, very good to know.

 

 

 

EWS also reports inquiries resulted from an action initiated by a consumer. That information is currently reported for 12 months (two years, if a consumer file is accessed for

employment purposes). EWS does state that number of these inquires may adversely affect a consumer file.

This is very interesting, I wonder what constitutes an adverse affect.

BTW: Does anyone know how long it takes to get your report? I ordered mine via their email back on the 18th & haven't gotten it yet.

Edited by SierraStar

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Thanks for the info TMC, very good to know.

 

 

 

EWS also reports inquiries resulted from an action initiated by a consumer. That information is currently reported for 12 months (two years, if a consumer file is accessed for

employment purposes). EWS does state that number of these inquires may adversely affect a consumer file.

This is very interesting, I wonder what constitutes an adverse affect.

BTW: Does anyone know how long it takes to get your report? I ordered mine via their email back on the 18th & haven't gotten it yet.

If you call them, it usually takes 7-10 business days. I have got it a two times by calling the number.

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Federal law requires them to freeze the account if you submit appropriate proof of identity theft.

Individual states may also have statutes to supplement the FCRA that pertain to consumer credit files.

 

I did explain to her and she was keep saying we cannot freeze it because it is sort of a database shared by partner banks. I then ran her through the FCRA and its its oversight on collection, retention and

 

reporting of consumer information. I also explained to her that since EWS is subject to FCRA, selective enforcement of certain provisions to ignore or bypass Section 605B is violation of FCRA. She then stated

 

that it could be that our EO has a procedure in place for such action as "Security Freeze" but no information is available at her level.

 

I felt like I was stretching her to far and bid a farewell:)

 

I did have Police Report of Identity Theft and I wanted them to block the information subject of that report.

Edited by Fred030

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Got my EWS report & I was surprised by what was NOT on it, I was expecting more not less.

And since it reports for 5 yrs, I don't have much time left for the reporting.

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EWS is not as comprehensive as Chex System report.

 

Reviewing financial institution put more weight into "Closed Accounts" section.

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My Chex report had even less on it than EWS.

Neither Chex or EWS has Fraud or Account Abuse listed on any account.

Closed Accounts are listed as just that, closed accounts.

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