Eviction shows up on Chexsystems report - I've never been evicted

[reginaskywalker]

Hi,

 

I was denied a banking account a while back through Ally. Curious, I pulled my chexsystems report. There were no negative marks, with the exception of an apparent eviction from 57 months ago. I have never been evicted. This eviction doesn't show up on my credit report through transunion or experian according to creditkarma.

 

Is there anything I can do to find out where this eviction comes from?

[MarvBear]

Welcome to CB.

 

If the bank issued you an adverse action, then they are required to provide you a notice that lists the source of the action. You should get your free copy of your Chex file, and dispute the inaccurate entry.

[stevensmileyx]

Most of the time you will find a section in your chex systems report, which I am assuming to which you are referring, that contains a mix of data parroted from LexisNexis. A simple dispute with Chexsystems will remove the information and its been my opinion and experience that they do not go through the trouble of attempting to verify the information with Lexis (report frozen or not) they have always just removed it. They use this conglomeration of data to give your report a score and pass that along to banks.

 

Request a report from LexisNexis.. there are threads here on how to get a full file disclosure. That will give you more detailed information on what you are seeing.

 

How many inquiries do you have on your Chex report - in total?

 

I am wondering if inquiries have more to do with the denial and contribution to a low scoring factor on your Chex.

[reginaskywalker]

Thanks for the information, you two.

I have filed an online dispute report with chexsystems.

As for LexisNexis, I will request a full report from them, as well. Man, oh man, do I wish all of these people had reports online for instant access. Chexsystems was relatively quick, but LexisNexis reports a 15 day processing time, as does AnnualCreditReport.com (couldn't get them instantly for some reason). I'm trying to work on credit building, and since all but 2 collections on my report are old medical bills (4+ years old) that I racked up before getting on disability, I'm going to try WhyChat's method to get them deleted.

 

I have an embarrassing number of inquiries on my chexsystems report. I honestly had no idea any of these companies even looked at the report, otherwise I probably would have used more discretion. I got into a spot a few months back and was looking into some loan possibilities to hold me over. Didn't get the loans and I screwed up my chexsystems rating in the process, so it was a lose lose. As of the report, I have 21 inquiries. I count at least 2 duplicates, one of them is Ally because I wasn't aware they were sending a decline by snail mail, and I assumed something went wrong with my application, so I submitted again.

[stevensmileyx]

If you have a lot of inquiries, I am betting on that as the possible reason for the decline, not so much any other information. With regular credit, inquiries on your report don't matter as much as they used to. But with chexsystems they do.. a lot. Opening, or the appearance of opening - or attempting to .. sends red flags that you might be doing something irregular. Rather then take the chance, they decline you.

 

There are inquiries I have seen on my report from companies other than banks, duplicates, etc. I disputed most all of my inquiries as "NO PERMISSIBLE PURPOSE".. meaning that I did not authorize the banks to run inquiries whenever they felt like it.. and with this alone, they were dropped. Get the inquiries off you report, and try and open your account again.

 

Your Lexis report.. prepare for it.. it will be thick. Lots of information that sometimes parrots the credit bureaus, sometimes not.

 

I just send out a week ago nearly 50 individual letters to every credit place I could find requesting my reports. Its worth the time and postage to be in control of your own information.

 

At the end of the day, you will be an informed consumer and will be able to dictate your information.

 

Good Luck.

[Burgerwars]

I agree you shouldn't open too many bank accounts in a short period. I was once thrown under the bus by a bank for doing that. The number that's unacceptable will vary. Also be careful about opening another account or two soon after opening one. The first bank may find out about that, not like it, and close your account.

[reginaskywalker]

I just disputed my inquiries at ChexSystems. Hopefully they come through. I'm not particularly interested in that bank anymore (I got approved with a local credit union) but I really want to get all of this stuff off of my reports in any case; Thanks for the advice, guys. I never thought that attempting to open multiple bank accounts would be seen as a negative thing. I suppose I makes sense, though.