Frequently Asked Question About Chexsystems

Litigo Inc. is not owned, operated, or affiliated in any way with Chex Systems Inc. or its parent Fidelity National Information Services (also known as FIS). Litigo cannot remove, update, or verify a consumer’s file in the CHEXSYSTEMS database, which is owned and operated by Chex Systems, Inc.  Litigo can assist you in filing a dispute against the negative information that banks have reported to Chex Systems.  Contact Litigo for assistance

1) If I have paid the bank or collections agency the money I owed back, will I still be listed in the ChexSystems Database? Answer: Paying off the debt you may ow the bank for your overdrafted account only satisfies the amount that the bank has reported to the ChexSystems database. However Chex Systems Inc. by law can report that information for up to 7 years regardless of repayment to the bank. This is due to the laws of the “Fair Credit Reporting Act” Some banks however after seeing payment will override information shown in the ChexSystems database and approve an account. However that is a case by case subject and not all banks will approve accounts regardless of repayment of past reported amounts. Litigo can also hlep you dispute the negative information that was reported by the banks.

2) I filed for bankruptcy protection will this remove the reported information from ChexSystems? Answer: Bankruptcy protection will only satisfy any outstanding balances with your bank. It will also depend on the type of bankruptcy you filed, because the bank that reported you to ChexSystems could be part of your repayment plan. However the laws of the “Fair Credit Reporting Act” still apply and ChexSystems by law can hold that information for up to 7 years.

3) Will I be able to open a checking/savings account while listed in the ChexSystems Database? Answer: The information reported to the ChexSystems database is used for a risk assignment for banks that use the ChexSystems database ultimately it is the Bank that you have applied toes decision to approve or deny an account.  If you are being denied accounts because of information listed in the ChexSystems database that information can be stored in their database for up to 7 years based on the laws of the “Fair Credit Reporting Act”. If you would like help in disputing the information reported to chexsytems you can contact Litigo for help. Litigo Inc. is not owned, operated, or affiliated directly with Chex Systems Inc. or Fidelity Nation Information Services (Also known as FIS). Litigo cannot remove, update, or verify a consumer’s file in the ChexSystems database, which is owned and operated by Chex Systems, Inc.. However Litigo can assist you in properly filing a dispute against the negative information that banks have reported to ChexSystems. Contact Litigo ℠ for assistance with resolving your issues today 1(877) 432-4818.   4) How many banks use ChexSystems to assist in the approval of a checking/saving account? Answer: Today, more then 9,000 different financial institutions at over 100,000 banking locations update the ChexSystems database more then 350,000 times each day. Another reason why you should contact Ligito to help you file dispute.   5) How long will it take to file dispute on negatively reported information in the ChexSystems database? Answer: Once a dispute is filed and received by Chex Systems Inc., and the Banks that have reported information to them by law. They have 30 days to mail you a filed response to your dispute. Litigo can make sure this is filed for you quickly to you can receive your responses fast.   If you were reported to ChexSystems by a previous bank that has closed your account, you do have options to restore your banking privileges. Contact a specialist at Litigo today to discuss the options you have in this matter. You can reach Litigo’s Dispute Assistance Department directly at 1-(877) 432-4818 call us today for guidance in resolving your issues.

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