I am sure that you know that nearly all your financial activities, including the way you handle your bank accounts, are recorded and reported. But what are the companies that are doing this job? ‘ChexSystems’ is one of the biggest companies that provides this type of services. This company is so large that many banks rely on this system and they are willing to provide your financial records to the system.
Do you want to view the report now? If the answer is yes, you can simply request one. But remember, you must avoid giving them all the unnecessary information as they may use it to value your financial status.
In case they ask for your working place a, you do not have to tell them. You have to know that providing them this type of personal information has no use when you are requesting your report. They just want to know more about you. Remember, you have the right to obtain one FREE annual report from them and you just have to provide them some simple personal information.
Providing them your name, address, social security number is totally okay and you can get your report from them. They do not have to know who you are working for, or even your personal telephone number and they have no rights to know them too.
When you have got your report, you must have known more about your negative financial records. You have to understand that such a negative record would be kept for 5 years. That is one of the major reasons for you to get one annual report per year as that can help you to know more about your credibility in ChexSystems. But do you want to know why you have such records? Here are the common reasons for having those negative records.
One of them is due to the uncollected overdraft fees, ATM transactions or Electronic Payments. That can bring you a serious effect as it means that your credibility is not enough and you have to make improvement on dealing with your bank accounts since then. Moreover, account abuse such as the abuse of Savings and Checking accounts can also be resulted in the bad records in your report in the ChexSystems.
Please be reminded that many banks are willing and able to provide all you bad transaction histories to the system. You have to be careful when you are dealing with your financial issues if you know that you have some financial problems as that can strongly affect your chances of being accepted to be a new customer of other banks. You have to understand that many banks use this system to value you. Debit Card or ATM Abuse, fraud, multiple Overdrafts are also some examples that can give you a black mark in the ChexSystems report.
So where can you get your report? You can get it online at ChexSystems Consumer Assistance. You can also send mails to ChexSystems.
Here is the contact information:
|Addr:||7805 Hudson Road, Suite 100, Woodbury, MN55125|