AR--for checking account???

I noticed an "AR" notation from my credit union on Equifax--I only have a checking, savings and debit card with them; no loans of any kind, not even a credit card. Has anyone else had this happen? I am just curious, as I don't see what relation my credit report has to do with my checking account...seems like they'd go through Chexsystems or something more applicable.

Also, does anyone know specifically what Citibank looks for in their every-2-month AR? And do they only use Equifax?

Many thanks.

 

I wish...but I highly doubt it; the credit union is really, really conservative and I've never know them to do preapprovals (they may, but we've never gotten anything). But they have some great checking/savings account plans so I'll stay with them.

I know Citi does the AR every 2 months (like clockwork) and I called the CS line anonymously and asked what they are looking for specifically and of course the CS reps don't know (but they are nice at least). We just had some dings in the last few months due to my husband being laid off a while back (the dilemma of staying caught up as long as we could and then a few accounts got paid late this summer). It shouldn't happen again (he got a good job), but with my luck they'd say "even though you've had an account with us for 13 year and never paid late and have a good apr, we want to jack your rate up to 24% because of this."

I'll just have to hold my breath and monitor. Thanks for the kind words!

 

They said that they do actually do some sort of credit check when you open the account--but we've had this account for about 4 years. I asked them at the time what they were looking for--CS rep at the credit union of course didn't know--and then said she thought it was to see if there were bad checks so I didn't worry about it at the time.

Maybe they are looking for judgements, like from a county court??? For hot checks?! After I've had this account for 4 years, maybe they figured out they never checked up on me.

I am most definitely calling them tomorrow and inquiring what is up--and you can bet I am going to dispute that w/ Equifax..

 

It has nothing to do with the account I have with them... you are so right...but I know they do the AR to come up with an excuse to raise APR's. I can understand the logic if they have a default rate if you pay that specific creditor poorly, but it annoys me that they scrutinize every single thing with other creditors as well.