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CreditCuestions

Time to settle up

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I have a chexsystems entry from MB Financial for 600 bucks I think. I tried to take care of the situation when it 1st happened but there was a bunch of weird things going on and long story short I opted to cut off my nose to spite my face. I was only going to pay it if it caused a problem for me and 4 years later its a problem.

 

I ordered my report on 09/05 and it still hasn't shown up. Do I just order again?

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Since I know the bank and the acct # and since I can't dispute it, do I even need the chexsystems report? Can I just call the bank and pay them? Also is there any techniques that would help to get them to delete after paying? The deletion is not required just something I would like to see happen.

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I ordered my report on 09/05 and it still hasn't shown up. Do I just order again?

 

A first step is to bargain with the bank for removal (pay for delete). Note, however, that most banks just update the listing to a "paid" status when you pay. If it has been 4 years, it should fall off next year.

Edited by tmcgill

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I ordered my report on 09/05 and it still hasn't shown up. Do I just order again?

 

A first step is to bargain with the bank for removal (pay for delete). Note, however, that most banks just update the listing to a "paid" status when you pay. If it has been 4 years, it should fall off next year.

 

 

Sorry I meant the actual chexsystems report has not shown up in the mail.

 

I have to it showing as being paid. It is a requirement for me at this point. I can not have it showing that I owe any bank any funds. I'm hoping that paying it will not reset the clock?

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Paying will not reset the Date of First Delinquency (DOFD).

 

Call the bank and negotiate removal or a paid status. Some banks have been known to go online with Chex and change to a paid status while in the bank making the payment. Others have to be "nudged" into changing the status. Legally, the entry should be updated to reflect the changed status.

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