If you have had your check writing privileges suspended, had a bank account closed, or been denied a new bank account because of ChexSystems reports that are not your fault and are out of your control, the first thing to do is to call CFS and ask for help. While the issue is being rectified,..
What happens when one person gets hit with a ChexSystems report but they have or wish to have a joint checking account? Joint bank accounts are often used by those who wish to share their finances, such as a coupe or a parent and a daughter or son. A joint account gives both account holders..
Everyone has heard a horror story about ChexSystems and trying to get off Chexsystems. Why do bank use ChexSystems? The idea behind ChexSystems was originally a good one – merchants wanted to know who the bad check writers were, and felt that sharing information would be a good way to keep from being ripped off..
While nothing is 100% when it comes to human or bank error, there are some things you can do to help protect yourself and stay off ChexSystems. Avoid Unpaid Balances You do your best to avoid overdraft or NSF fees. Sometimes things happen that are beyond your control – your paycheck doesn’t deposit on time,..
Ever wonder what a ChexSystem report looks like? You can see a sample report by visiting the ChexSystems website. You should be taking advantage of your free ChexSystems report very year to make sure there is no incorrect information under your name. Don’t think ChexSystems has a report on you? You might be surprised. Almost..
How can you avoid being listed on ChexSystems? Obviously, nothing is foolproof. However, the following tips can help you avoid being listed in ChexSystems, and then if you are listed in error, you can call CFS for help. Keep an eye on your account. Use online, telephone and ATM banking to check your balance daily..
Everything was fine for June Smith. She had a good job, lived in a good neighborhood, and enjoyed being part of her community and staying involved in her children’s activities. One day she was writing a check at the grocery store, and the cashier handed it back to her with a frown. “I’m sorry, we..
In a professional context it often happens that private or corporate clients corder a publication to be made and presented with the actual content still not being ready.
In a professional context it often happens that private or corporate clients corder a publication to be made and presented with the actual content still not being ready.
ChexSystems is a consumer credit agency, and as such, is very similar to Experian, TransUnion, and Equifax. All are regulated by federal law, and all must provide at least one free report a year to the consumer. However, there are several differences between ChexSystems and “the big three”. Type of Reporting The main credit agencies..