How Long can Telecheck list you? - Credit Repair Forum from Creditnet
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  1. #1
    chelsys is offline Junior Member
    Join Date
    Jun 2002
    Posts
    39
    I owe 214.00 to telecheck for a checking acct closure that happened in 1996. I did not realize I owed this until I tried to write a check a couple of weeks ago. I now have a diff checking acct, so I guess they picked it up from my ID # since it was a diff checking acct. I was just wondering how long Telecheck can have me black listed. I am in TX, and I know there is an SOL on checks, but telecheck told me the money owed is from the bank, not any merchant. I think it is coming from NSF fees when the acct was closed. I probably do owe it, though they can not provide any more info, and the bank in question merged years ago with another bank and has no info for me either. I am about to pay the 214.00 but since it was so old, I was wondering did I have any case to get them to simply remove it. It is not on any of my credit reports, and I just realized it because I don't really write checks other than my rent and car note, and use my Visa checkcard 99% of the time to pay for everything. I only wrote a check at the store a couple of weeks ago because i forgot my check card.

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  3. #2
    lbrown59 is offline Senior Member
    Join Date
    Feb 2001
    Posts
    17,876

    Re: How Long can Telecheck list you?

    I owe 214.00 to telecheck for a checking acct. closure that happened in 1996
    chelsys
    ===================================You need to see the original check before doing anything.
    LB 59
    Originally posted by chelsys
    I owe 214.00 to telecheck for a checking acct closure that happened in 1996. I did not realize I owed this until I tried to write a check a couple of weeks ago. I now have a diff checking acct, so I guess they picked it up from my ID # since it was a diff checking acct. I was just wondering how long Telecheck can have me black listed. I am in TX, and I know there is an SOL on checks, but telecheck told me the money owed is from the bank, not any merchant. I think it is coming from NSF fees when the acct was closed. I probably do owe it, though they can not provide any more info, and the bank in question merged years ago with another bank and has no info for me either. I am about to pay the 214.00 but since it was so old, I was wondering did I have any case to get them to simply remove it. It is not on any of my credit reports, and I just realized it because I don't really write checks other than my rent and car note, and use my Visa checkcard 99% of the time to pay for everything. I only wrote a check at the store a couple of weeks ago because i forgot my check card.

  4. #3
    thabeezer is offline Junior Member
    Join Date
    Sep 2002
    Posts
    18

    Re: How Long can Telecheck list you?

    I am also in TX and the same thing happened to me and they said they would leave an NSF check in their system for 7 years...but I made them send me a copy of the check before I paid them...they are a pain in the a**

  5. #4
    mark is offline Senior Member
    Join Date
    Aug 2002
    Posts
    801

    Re: How Long can Telecheck list you?

    it used to be 5 years, about 2 years ago it changed to 7 years.
    I know this because they had something on me at one point..and I waited for 5 years to be up and WHAM..they changed it to 7.

    anyway, takes an act of congress to get telecheck or any other check-type place to remove things.
    they are not like CA's and CRA's.

    I got mine removed finally when the bank was bought by another bank and the old bank named ceased to exist.

    i think i've posted about this before, but oh well ;p

    It was for like 1 dollar worth of fee's from a checking account I had closed. kept me from getting checking accounts and such for a looooongggg time.

    the bank said they wouldnt remove it from telecheck even if i paid, so I didnt pay it. I won that waiting contest.
    btw, im in TX

    EDIT: I still to this day wonder why telecheck had this listed even though there was no bounced check involved.
    -mark
    "more fuel for the fire..."

  6. #5
    mark is offline Senior Member
    Join Date
    Aug 2002
    Posts
    801

    Re: How Long can Telecheck list you?

    I guess what I was trying to say in that mess was that there may not be a check involved..it could just all be fees and such with interest over the years that telecheck has you listed for.
    -mark
    "more fuel for the fire..."

  7. #6
    lbrown59 is offline Senior Member
    Join Date
    Feb 2001
    Posts
    17,876

    Re: How Long can Telecheck list you?

    but I made them send me a copy of the check before I paid
    thabeezer
    =================
    I made the phone company send me copies of 5 checks they charged me 75dollars in returned check fees on.
    Guess what?When I got them from the phone company they were forged copies.
    How do I know they were forged?I know because I still have the original blank checks.
    NEVER AGAIN will I pay based on a photo copy.
    It has to be the original check or I don't pay.

    Originally posted by thabeezer
    I am also in TX and the same thing happened to me and they said they would leave an NSF check in their system for 7 years...but I made them send me a copy of the check before I paid them...they are a pain in the a**

  8. #7
    charlieslex is offline Senior Member
    Join Date
    Nov 2001
    Posts
    1,723

    Re: How Long can Telecheck list you?

    I got this SOL site from Why Chat's site. Hope it helps. Charlie

    http://www.fidelityinfocorp.com/state_list.html

  9. #8
    BradleyT is offline Junior Member
    Join Date
    Oct 2002
    Posts
    32

    How TeleCheck Works

    Here's how it works.

    You go to the grocery store and buy a bunch of alcohol and liquor and of course get $20 or $50 cash back with your check. The cashier runs your check through TeleCheck and get an approval code from TeleCheck. This approval code guarantees the merchant will recieve the amount of the check as long as TeleChecks rules have been complied with (name/address printed on check via computer, D/L number on check, etc....).

    Three days later the merchant recieves your check from their bank saying NSF. Merchant makes a photocopy of your check and mails the original draft to TeleCheck. TeleCheck is now the owner of the check, however most times you can pay it at the place you bounced it at for instant removal from their system(such as a shoppers card that keeps track of check bouncers) and they will call TeleCheck for a "Paid at Store" removal - which will get you removed from TeleCheck in approximately 72 hours.

    So in about 2 weeks (to six months) TeleCheck will send the merchant a check that covers all of the bad checks it had guaranteed. The grocery store I work at gets an assload of bad checks. By March of this year the total was already $22,000 (weekly sales avg ~200K). Anyway TeleCheck had gotten over 6 months behind on payments(to the tune of over $30,000) for guaranteed checks, so the store switched to Check Systems (which uses multiple databases but does not use the D/L - just the check routing/account numbers).

    So....the merchant will only have a photocopy of your check. They HAVE to send it to TeleCheck to get their money for the check.

    Not sure about the SOL on checks, but we've had people come in and pay (this year) bad checks from '96 because the store owners actively pursued these debts and was getting people put in jail for passing bad checks. One guy who came in last month had to spend 30 days in the pokey as well as pay the check amounts + fees for his restitution.

    Bad checks can get you in a lot more trouble than CC debt.

  10. #9
    shaolin76 is offline Senior Member
    Join Date
    Apr 2002
    Posts
    237

    Re: How Long can Telecheck list you?

    n/m

  11. #10
    lbrown59 is offline Senior Member
    Join Date
    Feb 2001
    Posts
    17,876

    Re: How Long can Telecheck list you?

    NM What
    Originally posted by shaolin76
    n/m

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