MP80 Posted October 7, 2019 Share Posted October 7, 2019 A week ago, I ordered the EWS and ChexSystems reports. Chex does not have an account report and does not have a routing number or account number. As long as you don't have any check fraud, check kiting, ISF, bad account, or overdrawn in collection reporting. If there is no negative reporting, it is classified as “none” under each topic heading. Any bank inquiries will be kept for 3 years in your report. EWS- This file disclosure contains the information in your file that has been furnished to Early Warning by its participating financial institutions, and which is maintained by Early Warning in its databases. This Consumer Information Disclosure will report on each deposit deposited, on each bank transaction you have had made during the seven-year period, comprehensive report balance information, in addition to the length of the checking account's opening date. If you have not done so already, it is important to order an EWS report. Remember, if you have Chase, BofA, Wells Fargo, Capital One, etc., please be cautious about returned checks. Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 7, 2019 Share Posted October 7, 2019 A week ago, I ordered the EWS and ChexSystems reports. Chex does not have an account report and does not have a routing number or account number. As long as you don't have any check fraud, check kiting, ISF, bad account, or overdrawn in collection reporting. If there is no negative reporting, it is classified as “none” under each topic heading. Any bank inquiries will be kept for 3 years in your report. EWS- This file disclosure contains the information in your file that has been furnished to Early Warning by its participating financial institutions, and which is maintained by Early Warning in its databases. This Consumer Information Disclosure will report on each deposit deposited, on each bank transaction you have had made during the seven-year period, comprehensive report balance information, in addition to the length of the checking account's opening date. If you have not done so already, it is important to order an EWS report. Remember, if you have Chase, BofA, Wells Fargo, Capital One, etc., please be cautious about returned checks.Yes we have had a huge discussion by me on the illegal rights violations of EWS.. they don’t play nice in the sandbox... Sent from my iPhone using Tapatalk MP80 1 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 7, 2019 Author Share Posted October 7, 2019 35 minutes ago, IvyMgmt said: Yes we have had a huge discussion by me on the illegal rights violations of EWS.. they don’t play nice in the sandbox... Sent from my iPhone using Tapatalk Yeah, if their participating financial institutions' inquiries about us we will treat us as naked and completely exposed to our account! Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 7, 2019 Share Posted October 7, 2019 (edited) I post regularly in the Chexsystems forum to get your annual reports from Chexsystems, Early Warning and Telecheck. Review for any errors in your personal information and incorrect account data. Most wait until they need a personal or business account, or have e-check problems, and then try to fight them. Had an email recently where a new renter got approved for a new apartment, but the property would not accept paper or online check payments because Telecheck was still reporting a bad check from 8 years ago. All three specialty CRAs must follow the FCRA regarding negative reporting periods. Edited October 7, 2019 by tmcgill MP80 and RehabbingANDBlabbing 1 1 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 7, 2019 Share Posted October 7, 2019 I post regularly in the Chexsystems forum to get your annual reports from Chexsystems, Early Warning and Telecheck. Review for any errors in your personal information and incorrect account data. Most wait until they need a personal or business account, and then try to fight them. Has an email recently where a new renter got approved for a new apartment, but the property would not accept paper or online check payments because Telecheck was still reporting a bad check from 8 years ago. All three specialty CRAs must follow the FCRA regarding negative reporting periods.But they don’t. EWS won’t freeze your account they say they don’t have too. They also report ever single transaction in and out of your accounts. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 7, 2019 Share Posted October 7, 2019 This is one of the "loopholes" they use. Until there is a high volume public push to influence their regulator, that may not change. MP80 1 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 7, 2019 Share Posted October 7, 2019 This is one of the "loopholes" they use. Until there is a high volume public push to influence their regulator, that may not change.Correct I am supposed to look into it legally but health issues and major surgery prevented it. I will be soon. Sent from my iPhone using Tapatalk tmcgill 1 Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 7, 2019 Share Posted October 7, 2019 MP80 1 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 7, 2019 Share Posted October 7, 2019 17 minutes ago, tmcgill said: This is one of the "loopholes" they use. Until there is a high volume public push to influence their regulator, that may not change. Mind you some credit unions are using it and for savings accounts too. They are using ChexSystems to first verify who you are even if you want to open a savings account. If it is frozen you have to unfreeze or else they will not process your accounts. Somewhere in my life I dont know where my name has gotten crossed.. its not identity theft but I have had CUs try to open accounts and have had this mystery closing or not accepting due to some identity stuff. One CU did approve me open me and now I do business with them and they are local. But now I am battling with these people to tell them / reveal their source of information and they keep giving me all sorts of excuses.. I have pulled all the tricks out the book I know and been going back and forth with the BBB but b/c I been ill its delayed.. its really frustrating that they use these systems / data bases and many people have no idea where the information is coming from b/c the banks just give these blanket statements.. and it begins with Chex and EWS... MP80 1 Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 7, 2019 Share Posted October 7, 2019 The bad data replicates to multiple databases, so its hard to correct. Chex and EWS pull from the primary data aggregators like Lexis. Pull Lexis and see what they are selling. Will check my notes and post the other big 3. MP80 1 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 7, 2019 Share Posted October 7, 2019 10 minutes ago, tmcgill said: The bad data replicates to multiple databases, so its hard to correct. Chex and EWS pull from the primary data aggregators like Lexis. Pull Lexis and see what they are selling. Will check my notes and post the other big 3. Yes I have began there.. I have almost cleaned up the LN but LN gets their data from others too.. However, let me point out, this particular credit union then asked for proof of identity.. DL, copy of social, car registration proof of address all which I submitted and all matched except the DL but the car registration supported current address as it is newer than the DL. I believe I also submitted proof of my voter registration card (change of address.) all of a sudden they closed all the accounts down. I spoke with over three people from their bank.. the person who welcomed me to the bank, the person who assisted with taking the money from another account to fund the checking and finally the person discussing loans.. When I call the check they were closed and wouldn't tell me why.. I go to the BBB and they won't answer on the BBB but send me these mysterious overnight letters still never revealing where the information comes from. MP80 1 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 7, 2019 Author Share Posted October 7, 2019 2 hours ago, MP80 said: A week ago, I ordered the EWS and ChexSystems reports. Chex does not have an account report and does not have a routing number or account number. As long as you don't have any check fraud, check kiting, ISF, bad account, or overdrawn in collection reporting. If there is no negative reporting, it is classified as “none” under each topic heading. Any bank inquiries will be kept for 3 years in your report. EWS- This file disclosure contains the information in your file that has been furnished to Early Warning by its participating financial institutions, and which is maintained by Early Warning in its databases. This Consumer Information Disclosure will report on each deposit deposited, on each bank transaction you have had made during the seven-year period, comprehensive report balance information, in addition to the length of the checking account's opening date. If you have not done so already, it is important to order an EWS report. Remember, if you have Chase, BofA, Wells Fargo, Capital One, etc., please be cautious about returned checks. Oh, one more thing. TransUnion pulled Chex. Inquirer: TRANSUNION LLC; 555 W ADAMS ST, CHICAGO IL 60661Phone Number: 800.916.8800 On Behalf Of: GOLDMAN SACHS BANK USA; 200 WEST STREET, NEW YORK, NY 10282Phone Number: 212.902.7020 Inquiry Date: 08/08/2019SSN/ID Provided: XXX-XX-XXXX Burgerwars 1 Quote Link to comment Share on other sites More sharing options...
PotO Posted October 8, 2019 Share Posted October 8, 2019 I'd love to see EWS burn in hell. MP80 and IvyMgmt 2 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 8, 2019 Author Share Posted October 8, 2019 (edited) 3 hours ago, PotO said: I'd love to see EWS burn in hell. Yes, I heard you. Ivy said that you can't freeze the Early Warning Services LLC. The databases may be even scarier than LexisNexis. The large banks that approved our credit applications also created this large databases for their own security purposes. They know the unknowns, and if you want to join a credit union or apply for a credit card, the Early Warning System is the best choice for them to check if your financial situation is healthy or not. My accounts have been in the database for 25 years and I maintain a current relationship with most of the financial institutions involved. Therefore, it's scary! Cap One, BofA, Chase, Union Bank, Wells Fargo, they all recorded inquiries on my EWS report. Edited October 8, 2019 by MP80 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 8, 2019 Share Posted October 8, 2019 18 minutes ago, MP80 said: Yes, I heard you. Ivy said that you can't freeze the Early Warning Services LLC. The databases may be even scarier than LexisNexis. The large banks that approved our credit applications also created this large databases for their own security purposes. They know the unknowns, and if you want to join a credit union or apply for a credit card, the Early Warning System is the best choice for them to check if your financial situation is healthy or not. My accounts have been in the database for 25 years and I maintain a current relationship with most of the financial institutions involved. Therefore, it's scary! Cap One, BofA, Chase, Union Bank, Wells Fargo, they all recorded inquiries on my EWS report. The part that bugs me the most is you can't freeze and they track all your purchases, deposits, and whatnots.. MP80 and PotO 2 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 8, 2019 Author Share Posted October 8, 2019 24 minutes ago, IvyMgmt said: The part that bugs me the most is you can't freeze and they track all your purchases, deposits, and whatnots.. Ivy, these big banks gave me a five-digit line of credit, one of which is the $80K BofA, which is the main bank I have had for 25 years of intimacy. If there is any trouble, the consequences will be huge. IvyMgmt 1 Quote Link to comment Share on other sites More sharing options...
cv91915 Posted October 8, 2019 Share Posted October 8, 2019 23 hours ago, MP80 said: please be cautious about returned checks. Absent a rare processing error of some kind, banks only return checks for habitual overdraft offenders. By definition these are not "cautious" people. MP80 1 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 8, 2019 Author Share Posted October 8, 2019 43 minutes ago, cv91915 said: Absent a rare processing error of some kind, banks only return checks for habitual overdraft offenders. By definition these are not "cautious" people. When people are eager to survive, I can admit why they overdraw their accounts, but some people don't care anymore, they only care about the current situation. Banks have a cavalier attitude, they do make mistake by human error. Quote Link to comment Share on other sites More sharing options...
DPB Posted October 8, 2019 Share Posted October 8, 2019 2 hours ago, IvyMgmt said: The part that bugs me the most is you can't freeze and they track all your purchases, deposits, and whatnots.. This is probably the worst thing about EWS. I believe their claim is that they aren’t a CRA, and therefore don’t have to allow a security freeze. Which is complete BS. They are ChexSystems, but with tons more data. Yet you can freeze Chex, but not EWS. And imagine if they ever were hacked. Now the hackers know exactly how much is in each of your accounts, when your paycheck is deposited, etc. PotO 1 Quote Link to comment Share on other sites More sharing options...
MP80 Posted October 8, 2019 Author Share Posted October 8, 2019 I received invitations from a number of banks to induce me to sign a bonus to open a savings and checking account at the bank. Where are they looking for new customers, EWS? Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 8, 2019 Share Posted October 8, 2019 2 hours ago, MP80 said: Ivy, these big banks gave me a five-digit line of credit, one of which is the $80K BofA, which is the main bank I have had for 25 years of intimacy. If there is any trouble, the consequences will be huge. I aspire to be where you are one day! MP80 1 Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 8, 2019 Share Posted October 8, 2019 38 minutes ago, DPB said: This is probably the worst thing about EWS. I believe their claim is that they aren’t a CRA, and therefore don’t have to allow a security freeze. Which is complete BS. They are ChexSystems, but with tons more data. Yet you can freeze Chex, but not EWS. And imagine if they ever were hacked. Now the hackers know exactly how much is in each of your accounts, when your paycheck is deposited, etc. And EWS has been hacked.. it was a hack over a year or so ago.. But get this on their site the cite the FCPA and provide rights of the FCPA yet they don't follow it.. and tell you you can't FREEZE your profile.. Quote Link to comment Share on other sites More sharing options...
IvyMgmt Posted October 8, 2019 Share Posted October 8, 2019 28 minutes ago, MP80 said: I received invitations from a number of banks to induce me to sign a bonus to open a savings and checking account at the bank. Where are they looking for new customers, EWS? Hi can you say that again I am confused what you are asking... Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 8, 2019 Share Posted October 8, 2019 (edited) MP80: The banks get filtered lists from the big 3 CRAs, and marketing data from the major data aggregators. If you are on the grid, your financial status, resources and credit history are being profiled for sale. Edited October 8, 2019 by tmcgill PotO and MP80 2 Quote Link to comment Share on other sites More sharing options...
tmcgill Posted October 8, 2019 Share Posted October 8, 2019 (edited) The Major Aggregators: **Whether they provide a free annual report (or there is a fee) is determined by the exact services they offer, and how they sell collected data. Acxiom (www.acxiom.com); Factual (www.factual.com); Infogroup (www.expressupdate.com); **Marketing List Opt Out** Localeze (www.neustarlocaleze.biz). LexisNexis - https://personalreports.lexisnexis.com/ The Big 3 CRAs and other sites pull and share with these aggregators. I recommend pulling annual reports from the Big 3, Telecheck, Chexsystems and Early Warning Services (EWS) as a start. To deep dive, then pull LexisNexis and the rest. Edited October 8, 2019 by tmcgill Burdell, MP80 and PotO 2 1 Quote Link to comment Share on other sites More sharing options...
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