ChexSystems Help

Discussion in 'Credit Talk' started by JTrain, Sep 9, 2003.

  1. JTrain

    JTrain Well-Known Member

    Before you pay for a "list" of banks if you are on ChexSystems, or pay for a rehab class on how to manage a checking account, go the standard dispute/validation process with both Chex and the financial institution that reported you.

    Most individuals don't realize that ChexSystems is a credit reporting agency governed by the FCRA, and its collection practices are governed by the FDCPA.

    Also -
    There are several options if you are on ChexSystems. Some banks run Telecheck only, others will open an account if Chex items are paid, and still others will open a savings only account.

    Also, there are banks that will just run a FICO.

    In addition, there are investment companies that will open a money market account with check writing and debit card options.

    The web site [] listed below has a lot of information.

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