ChexSystems question

Discussion in 'Credit Talk' started by ddimitro, Jul 23, 2004.

  1. ddimitro

    ddimitro Active Member

    I recently received my ChexSystems report before I apply for several money market/investment accounts.

    There is a PAID bank chargeoff for $776 showing on the report, but it isn't mine. The gentleman at ChexSystems said that as it is in paid status, it won't matter.

    Is this true? Shouldn't I still dispute?

    I was hoping to open the new accounts Monday, but do not want to be denied for inaccurate information.

    Thanks-DD
     
  2. jam237

    jam237 Well-Known Member

    If it's not yours dispute it, some banks don't care if its paid or not, a negative item is still a negative item.
     
  3. lbrown59

    lbrown59 Well-Known Member

    Why should you take somebody else's bum rap and pay the consciences?

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  4. JTrain

    JTrain Well-Known Member

    ChexSystems is considered a credit reporting agency and it legally bound by the FCRA.

    Dispute with them the same way you would a regular creditor.

    Visit this site for good ChexSystems strategies:

    www.chexvictims.com
     
  5. ontrack

    ontrack Well-Known Member

    You don't want your identity muddied with anyone elses. If it can happen once it can happen again, at a more expensive time, such as when you are buying or refinancing. Zero tolerance.
     
  6. ontrack

    ontrack Well-Known Member

    Erroneous PAID accounts on reports do not matter to the bank paid, or to Checksystems. They matter to you. To them they are just an added cost to research and correct, so they won't volunteer to stop damaging you.
     

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