You Can Run, But You Cant Hide... Lets Face It Folks Everything Revolves Credit !! Why does the bank use ChexSystem as a credit check factor? What is ChexSystems ? ChexSystems is a database that banks use to determine if potential customers are too great of a risk to the bank. Banks will report you to this system if they close your account for negative balances or if you lied when you opened your account. Generally, the bank will list the reason. The information can stay on the Chexsystems records for five long years. Most banks will not allow you to be a customer as long as you are on the list. Other banks will allow you to open an account if you have proof that you have paid off a balance that you owe the other bank. Some banks will offer you an account with much higher fees, which helps to offset the banks risk for having a customer with previous mistakes! You can request a report from ChexSystems if you have been denied an account in the last sixty days. You can ask the bank to give you information on how to receive a report or visit their website. Once you receive the report you will need to clear up any fees that you owe other banks to clear up your ChexSystems report. When you do this request that they send in a report that the account has been paid. You can also request a letter stating this that you can take with you to the bank. You can dispute any information by contacting ChexSystems as well. Telescan is another system that some banks and retail stores use. You will need to go through the same process to address any issues that you have with Telescan too. Yes, you credit will greatly affect your credit report. Do yourself a favor and Do something about it by repairing your credit or can stay the same. $499 one time gives you the credit score you deserve. Up to you! myfes.net / Mtran2, language, Click left for tutorial and Click right to enroll. Yes, I will see All enrollments via-email. We will reach out to you about 2-5 business days upon receiving registration confirmation.
Posted on: Wed, 05 Nov 2014 15:58:43 +0000
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