I have not posted very often but have learned a lot through your wisdom. I don't know if I still have a checksystem derog or not. I have 2 bank accounts but about 5 years ago I had a overdraft that went south from National City. I am not sure if it is still on there but at any rate how does the validation work? Is it the same as requesting a validation of a debt from a collector? Do I use the same type of a format on my validation letter as I would a collector; and are they required by law to either show a validation of the debt or remove it the same as one of the 3 major credit bureaus? I appreciate your help.
Chexsystems is a CRA, when they're reporting, and a debt collector when they're collecting, LOL. Which is it? They take derogs off after 5 yrs if that's the question. Write them and ask if you have a file, if so, you want a copy. Then dispute it just like a CRA.
