Saturday, January 30, 2010

You are entitled to your ChexSystems report

Chexsystems is a consumer coverage charity (CRA) and issue to the Fair Credit Reporting
Act (FRCA). Your story could be made open for a fee. Under the rules of the Fair is Under the
Fair and Accurate Credit Transaction Act (FACTA) you are entitled to an open book of your
ChexSystems inform once every 12-months.

You may also get a gratis tell if you have experienced one of the below:

* Denied a group account due to information in your ChexSystems chafe. You must appeal this
tale within 60 day of your veto.


* If you are unemployed and plan to affect for unemployment in the next 60 days.


* If you are on public welfare assistance.


* If you have logic to suppose your sandpaper contains inaccurate information due to fraud.


* Contact Chexsystems

ChexSystems
7805 Hudson Road
Woodbury, MN 55125-1403
800.428.9623 tel
602-659-2197 fax
www.consumerdebit.com

Paid Items in ChexSystems
If you have resolved the problem with the pitch make convinced your crash reads “all amounts billed
have been salaried” or "rewarded rank." The line which reported you should inform your case with
ChexSystems but unfortunately this does not forever happen.

If the resolved count does not imitate a paid type, phone the mass immediately and demand
they profile a modernize with ChexSystems.

Negative items
Negative information can linger in your smooth for up to five time. As a consumer coverage charity
they subject to the Fair Credit Reporting Act. You can request an open mimic of your consumer
report and dispute information in your Chexsystems report.

ChexSystems:Know what inside Chexsystems report

While Chexsystems maintains your chexsystems story they are not
responsible for the findings made by banks to deny you a glance
account. A mass boss can override Chexsystems at any time. What
is responsible for the veto of a checking account is the information
maintained in Chexsystems databases.

This information could be indecent, inaccurate, erroneous or outdated
and the slightest bit of harmful information can result in defiance and
have an injurious effect on the consumer. The next information
may be limited in your Chexsystems register:

* Paid and Unpaid Insufficient Funds ("NSF") matter


* Excessive "NSF" charges, even while you may have sheltered
all those charges with the pile


* Checking account routine that your tilt may ponder refusal


* Bank Fraud


* Uncollected overdrafts, ATM transactions or preset payments
the mound rewarded


* Debit card, savings account or ATM abuse


* Opening an account with sham information

Sunday, January 17, 2010

Different between Chexsystems and Telecheck

There has been a lot of confusion between chexsystems and Telecheck.So, let us see the differences between chexsystems and Telecheck generally.For chexsystems, you stay in the file for 5 years.After which negative banking information come off your file, as no longer viewable by the banks.

While with Telecheck, you will remain in the systems definitely untill you actually pay off the outstanding check.
Basically people mix up with these two, Chexsystems and Telecheck.Hopefully this explain a little what is differences between these two.

Friday, January 15, 2010

Ineos’ Kerling Hires Barclays, Bank of America for Bond Sale

Ineos Capital’s unit Kerling Plc hired Barclays Capital, Bank of America-Merrill Lynch for the planned sale of 785 million euros of bonds due 2017, according to a person with knowledge of the sale.

Wednesday, January 13, 2010

Bank and Chexsystems query

money-tree-bankWhen a person applies for an account at a bank that uses Chexsystems and is denied, it shows up as an inquiry on your report. Too many inquiries on your report can cause Chexsystems to "flag" your account for suspicious activity. It is very important to know where you can and can not get an approval at prior to applying at a bank.

Too many denials can cause a bank that you might have been able to open an account at originally to deny you for these inquiries. Unfortunately this is a mistake that many people make when they first find out that they are reported to Chexsystems. Once they have been denied by a bank they tend to start applying just anywhere and everywhere only to be denied more.

This blog was created to help consumers who are searching for a second chance checking account avoid being ripped off and scammed when trying to get a bad credit checking account. The banks listed do not use ChexSystems or TeleCheck when opening a new account or they will not hold your ChexSystems listing against you. It also lists alternatives to checking accounts....

Here is more information from WikiAnswers contributors:

I was reported to chex system 2 months ago and I'm able to open a second chance Basic Checking account with Compass Bank. It is only $5/month and I get a Visa check card. Lots of banks are starting to offer these kinds of services, you just need to look around.
It is a very good way to restart your credit history. The other choice is to continue to pay high processing fees to paycheck cashing sites

All banks are linked through the chexsystem as far as I know. If the balance is still owed, you may not find anyone willing to open an account for you until it's paid off. I believe you will be in Chexsystem for five years, then your name will be removed.

There is hope. What you can do is write Chexsystem a letter stating your story. Depending on circumstances you may not be liable under the Fair Reporting Act.

Well, I just found out that under most state laws a credit union cannot decline anyone that meets their membership requirements. This means that if you have bad credit they cannot decline you, but they can restrict your services. But if you need a savings account and a place to cash a check then they can do it.

Second Chance Checking. Check availibility in your area, some banks do offer this program for those of us that have outstanding items with chex systems.
There are several online companies that provide help in finding a bank after you've been reported to ChexSystems.

I've been on chexsystems since 2001 and after numberous attempts it seemed hopeless for me to obtain a checking account. Turns out Wells Fargo offers "oppurtunity checking" which is targeted for people whow are on chexsystems, even if you still owe. There is a $12.00 monthly fee, and $2.00 credit if you get direct deposit. I'm so glad finally there is hope for people like me!

There are always loopholes. One is to go ahead and pay the bank what you owe. Then, have the bank send a letter stating this has been paid. Take it with you to the bank where you'd like to open a new account. First, give them your social and see if they go for it. If not, have the letter from your previous bank handy and be ready to put it on the table. Showing you've paid this off and walking in with confidence may just land you a new checking account.

Well I work for GuarantyBank in Wisconsin, and I can tell you that legaly nobody is going to open you a checking account if you have an outstanding balance. However many banks (mine included) do offer a get checking program that can help. Also Guaranty Bank is one of the few that will open an account if you have 1 or less Chex system reports, as long as you don't owe any money. We are in five states so you may be able to open an account at Guaranty Bank. As of 1-11-206 the deal for checking is, free checks for life, no monthly service charge, no min. balance, 25 dollar bonus dor dd. And many more, for the most part if you dont over draw you account it is completely free, and you wont spend a cent.

I live in Indianapolis, IN, I am in chex systems, i opened a bank, account but they won't give me a debit card until i have paid the previous bank....now that i have paid the bank, they are giving me the run a round about reporting my payment to chex system

99% of banks use Chexsystems. You are stuck in Chexsystems for 5 years from the date the bank put you in their system. We can help you.

I hesitate to answer this one because I don't want other people to abuse the only chance there is to get a checking account with an actual check book and atm card. After much research, I have found most second chance banks to be prepaid atm cards with monthly maintenance fees. I also found many services that charge for a list of banks that may or may not be up to date as a nonchexsystem bank. I even managed to open an account successfully with Charles Schwab online, they overlooked chexsystem, but the risk department eventually closed my account after reviewing one of my credit bureau reports which showed I had a delinquency, charge off, and collection. However, I am happy to have found that there's one company that cuts through all the chase with no run around.

To dispute write to:

Mail:

Chex Systems, Inc.
7805 Hudson Road, Suite 100
Woodbury, MN 55125

Phone:

By phone at 800-428-9623 or fax at 602-659-2197

If the reinvestigation does not resolve your dispute, you are entitled to request a brief statement be added to your consumer file outlining the nature of your dispute.

Non chexsystems banks in Alaska

Chexsystems info will be posting all related banks that we found a Non chexsystems banks which people can actually go and asked for a checking account.As for now, only these two banks found in Alaska.If you found others, please share it here below comments.

http://www.alaskapacificbank.com/

http://www.nationalcity.com/

Monday, January 11, 2010

How To Find Out If You’re On ChexSystems’ List

Most people find out that they’ve been reported to Chexsystems in the most embarrassing way: they go to a bank to open a new account. Then the branch manager or customer service representative comes back to tell them that there’s a problem that’s preventing them from opening an account: the customer is on file with Chexsystems. You will typically be suggested that you try and work things out and then come back. Although that will be said to you with a smile, it doesn’t make it any less embarrassing.

The better (and more dignified) way is to stay on top of things by ordering your ChexSystems report from the company. You can order the report to learn what information, if any, ChexSystems, Inc. has about you. If you have been denied an account from a bank or credit union, and ChexSystems was used in the decision process, this information will help you understand what contributed to that decision. Once it’s in your possession, review it in the most thorough way possible. It will include the following sections: your name and “consumer identifier”, one or more items of “Reported Information” (this is the bad stuff that is being reported about your banking history!), one or more “Inquiries Initiated by Consumer Action” (these are things you have allegedly done that caused someone to pull your Consumer Report), one or more “Inquiries Not Initiated By Consumer Action” (these are reports pulled by others about you without your direct permission), one or more “Retail Information” items (from other check-writing databases such as SCAN), one ore more “History of Checks Ordered”, and then personal information about you, including your Social Security Number, and Drivers License

Sunday, January 10, 2010

Non ChexSystems Banks In Alabama

Looking for non chexystems banks in Alabama?Well, here's some bank list.The following banks either do not use ChexSystems, or they do not hold a consumers ChexSystems record against them when approving checking accounts:

Ameris Bank www.amerisbank.com
Colonial Bank www.colonialbank.com
Compass Bank www.compassbank.com
National City Bank www.nationalcity.com
SouthFirst BancShares www.southfirst.com
Armed Forces Bank www.afbank.com
Whitney Bank www.whitneybank.com

Get out of Bad Chexsystems Record

Let us say that, for anything argue, your name shows up on Chexsystems' funnel. Now you are in moreover one of the next two situations: you have made some mistakes in the precedent that have led one or more banks to story your information, or you have broken up on their slope by misstep. In either post, you will speedily find out that it is leaving to get sometime to accept that situation.

If you have landed on the tilt because of fraudulent activity (i.e. bountiful out fraudulent checks), then you have more to fear about than being on the banking trade's black slope, and the help you want is way past the scope of this term. If you have abused your withdraw card or glance account by overdrawing them too much, your tilt may decide that you are a probable gamble and, as a precaution, close your account by welcoming you to take your concern elsewhere. If you have overspent your account and futile to pay it off, you will also be reported. Getting your name off that "blacklisting" is open to require that you not only pay what you owe, but you will also necessity to have the reserve (or banks) that you rewarded off write a letter to Chexsystems formally to ask that your name be full off the slant. That can take a while, but it is a very good way to have that rise taken trouble of.

If you ended on the register by confound, the manage is analogous to what is outlined above, except that you do not have to pay off anything. What you have to do, still, is to get a reproduce of your Chexsystems recount to see which banks reported you. From then on, it is only a stuff of clearing the question with them so that they write and ask to have your name taken off the black tilt. This is also a long manner, since the banks have to work with you for you to have any chance of sensation.

Another possibility of why you can be on Chexsystems' register is if you have been a victim of character theft. This is another one of those situations where your problems will most liable go outside the fiscal realm, but you will still have to sell with this summarily. No one wants to go five living without any access to even the most crucial financial military, such as charge deposit, a deduct card, online price pay, ATM transactions, and so on. In this lawsuit, you will need a version of your glory details along with your Chexsystems shot so you can species gear out and act appropriately.

In conclusion, receiving rid of a harmful Chexsystems file is almost always a wearying process, but that does not mean it cannot be done. All you need is due diligence and persistence.

Nicola Banks regularly writes about products and services designed particularly for individuals with character issues. See her thing on options for people who have been reported to Chexsystems on Banks Without Chexsystems.

Sunday, January 3, 2010

Finding a Non ChexSystem Banks

Millions of Americans are on a slant that they definitely do not want to be on. It’s the register formed and maintained by ChexSystems identifying people who have had banking evils in the history. It’s also the slant that prevents millions of us from receiving a new stock account each year. If you are on the file, you know how brutally it can assume your life. It is hard and pricey to live in advanced club without a stockpile account—easy tasks such as cashing a repress, paying a check, or receiving currency are made much more intricate. Check cashing fees and money orders can take a big chunk out of each salary.

If you are on the directory, it is important for you to know what ChexSystems is (and what they are not). ChexSystems is not a layer—they are a folders visitors that acts as a consumer treatment activity (CRA), collecting facts about banking customers. In particular, ChexSystems maintains a nationwide folder of banking customers who have been reported for script bad checks, defrauding banks, having unpaid stock debts, or having too many “non-sufficient income” (NSF) stuff. ChexSystems tries to keep a low municipal profile (and they’ve done a beautiful good job of it). ChexSystems does not have a band Web location, and it is relatively obstinate to find information about them.

If you are on the ChexSystems incline, you have three options.

* You can finish to live without a mound account, and pay the beyond expenses and split with the inconvenience of with Check Cashing supplies, Money Orders, and with coins for most transactions.

* You can try to get off the ChexSystems slant (which is not impossible, but can be confusing and grueling for most people).

* You can explore around for a reserve that doesn’t use ChexSystems and that will tolerate you to open an account even though you are on the ChexSystems listing. Luckily, several Federally Insured Banks and standing unions do not use ChexSystems. Unfortunately, decision one can be like ruling a needle in a haystack.

Several Web sites and classified ads collect to have a catalog of non-ChexSystems banks. Unfortunately, most of these lists are out of court and inaccurate. Even worse, many of these lists cost money (with no refunds presented!).

There are, however, some chairs to find gratis information, with a released lean of non ChexSystems banks. However, if you necessary a great tilt account, you don't need to look any spread -- we've reviewed hundreds of banks, and consider the AccountNow Visa Card account is the best minute venture shore vacant.

ChexSystems Information and Guide:www.ckfraud.org

What is ChexSystems?

ChexSystems provides deposit account verification services to its financial institution members to aid them in identifying account applicants who may have a history of account mishandling (for example, people whose accounts were overdrawn and then closed by them or by their bank). ChexSystems is also licensed to do business as ChexSystems Collection Agency providing debt collection services to members participating in this service.

Is ChexSystems a credit bureau?

ChexSystems is a consumer-reporting agency governed by the Fair Credit Reporting Act (FCRA) and other laws. ChexSystems Collection Agency is a debt collector subject to the Fair Debt Collection Practices Act (FDCPA) and other laws. The Federal Trade Commission enforces the FCRA and FDCPA.

How long does the report stay on file?
How do I get it deleted?

Each report submitted to ChexSystems remains on our files for five years, unless the bank or credit union that filed the report requests its removal or ChexSystems becomes obligated to remove it under applicable law. The decision to delete a report is entirely up to each bank or credit union and its individual policies.

I paid the bank. Why wasn't the report removed?

A reporting member is under no obligation to remove an accurate report of account mishandling due to payment of monies owed. However, if a collection amount is reported, the member is obligated to mark the account as paid.

How can I see what is in my file?

You can order a copy of your report from ChexSystems.

How do I dispute information?

ChexSystems Consumer Relations Department helps people who believe their file contains misinformation. Visit disputes for more information.

Why do I have to give you personal information, like my social security number and drivers license number?

ChexSystems ask for this information to ensure that they make a complete and accurate search and are able to identify all information that may pertain to you.

Why did you tell the bank not to open an account for me?

ChexSystems neither approves nor declines accounts for banks and credit unions. The decision is entirely up to them.

Why wasn't my ChexSystems report removed when I filed bankruptcy?

A bankruptcy filing only affects the collection of outstanding debts. It does not require the removal of accurate factual information concerning your account.

Why can't I get a copy of my spouse's report?

ChexSystems is required by law to deal directly with the individual to whom the information pertains. They strictly adhere to this to protect consumer privacy. To discuss the information with anyone else, ChexSystems must receive a notarized Power of Attorney or specific written instructions, signed by the consumer whose information is being requested, authorizing ChexSystems to disclose the information to the person named in the Power of Attorney.

What does NSF activity mean?

NSF ­ or non-sufficient funds ­ activity refers to overdrafts that occur on an account.

Do I pay ChexSystems or the bank?

It depends. If your report contains a record of an outstanding debt and you have received collection notices from ChexSystems Collection Agency, you pay ChexSystems Collection Agency directly by sending your check or money order to:

ChexSystems
Attn: Consumer Relations
7805 Hudson Road, Suite 100.
Woodbury, MN 55125

In other cases, you pay the bank or credit union directly.

How do I add a statement to my file?

You are entitled to add a brief statement to your consumer file describing the nature of your dispute of the information. If you wish to add a statement to your file, you must submit your statement in writing with a clear indication that you wish the statement to be added to your file, ensuring that you sign the request. If you would like assistance in writing a clear summary of your statement, you may contact ChexSystems or obtain the assistance from your Attorney.

How do I contact ChexSystems?
CALL
ChexSystems
Consumer Relations
1-800-428-9623
(Recording only-Instructions)

WRITE
ChexSystems
Attn: Consumer Relations
7805 Hudson Road, Suite 100.
Woodbury, MN 55125
FAX
602-659-2197

Inquiry about negative information on file:

Information you will have to send if you have been rejected by a bank or you have received notification that there is negative information on file that shows you still owe a bank money.

Either send your request in writing or by fax. Make sure you have available the following information to submit to them:

* your full name and any alias names used
* your current and prior address (5 years)
* your social security number
* your driver license and/or ID card number
* any business you signed on during the pass 5 years.

We hope that you can resolve your personal problem. If we can assist you further, please contact this office by phone, e-mail, or in writing.

Source:ckfraud.org