There are five stages to disputing:
1. Gather the facts and send the initial dispute letter.
2. If the information is not removed, send a procedural request.
3. If the procedural request does not result in removal, dispute with the original creditor.
4. Send the ITS - Intent to Sue Letter
5. File complaints with the bank regulator, the state attorney general - and consider legal remedies.
Step 4 is allowed under FACTA [Amendments to the FCRA]. You can dispute directly with the original creditor if the credit reporting agency does not resolve the situation. The original creditor must investigate and respond within 30 days.
The letter you sent in the message is considered the "procedural request". This is where Chexsystems must show how they "verified" the information with the bank
NOTE: Neither the FCRA or FACTA require them to produce documents as proof. However, they must indicate how they verified.
If it has been 15 days, send the Intent to Sue letter to a Chexsystems executive [I like to send to their legal counsel] for their FCRA violation. Send a certified RRR dispute letter to a bank executive, indicating they are in violation of the FCRA for verifying inaccurate information with Chexsystems.
Edited by mca, 05 March 2015 - 09:02 PM.