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Chexsystem

Discussion in 'Credit Talk' started by morgnaw25, Mar 19, 2004.

  1. Mar 19, 2004 #1
    morgnaw25

    morgnaw25 Member

    Can SoL be applyed to the Chexsystem?
     
  3. Mar 20, 2004 #2
    jlynn

    jlynn Well-Known Member

    I'm assuming you are talking about the 7 year reporting period SOL?

    Yes- they are a CRA.
     
  4. Mar 20, 2004 #3
    hiding90

    hiding90 Banned

    Chexsytem is concidered a "credit reporting agency" and as such, they must comply with the FCRA and FDCPA.

    A "bad check" typically stays with them for 5 years.

    The newest version of the consumer statutes make this more clear. Just cant think of the link right now lol
     

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