Why Was I Reported to ChexSystems
If you have pass some bad checks or just failure to pay the NSF fees, you’ll be reported to ChexSystems soon. Of course any fraudulent activity can also make you be listed in the ChexSystems. And once it has been reported, the information can keep on the ChexSystems report at least for five years unless you can recover your credit by using second chance accounts. Then the information will be removed.
In fact, the ChexSystems report is just made up of the banking history of some of yours negative information such as savings fraud, atm fraud and bad checks so on. Fortunately there are just listed for some relatively minor reasons which has nothing to do with any fraud. So as you know, once you are listed in the system of ChexSystems for a while, you will find it is so difficult to get a new bank account. So you are suggested to learn your report and have a good understanding of ChexSystems. Then let us just talk more about the ChexSystems report.
How Does it Affect Your Life?
You may know something about ChexSystems. But you are still suggested to learn more details about it. If you are so unlucky to be listed in ChexSystems, you’ll find that it is really very difficult to get any checking accounts. Even when you have successfully get an account, you may also find it will be frozen or closed soon. So you have to use some alternative methods such as second chance accounts or prepaid credit cards to manage the money.
In a word, it is a big and daunting task to deal with ChexSystems. At the same time it is really very difficult to navigate through the red tape and at last all your complaints may just fall on these deaf ears. Fortunately, here is a simple way for you here. That is you can apply a free copy of your report in ChexSystems because that it is just a consumer reporting agency abiding by the “fair credit reporting act”.
If you want to understand your report, you should know that what’s ChexSystems and what does it work. ChexSystems is such a company which collects and reports information on consumer’s banking history. These companies are financial agency which make consumer reporting such as Equifax and Trans Unions. You should know that the report will not affect the credit score at all. And if you have unpaid NSF fees or bad checks go unpaid, then the information will be reported to the collections.