How Long After An Overdraft Are You Reported To Chexsystems?

All About Chexsystems

Chexsystems is a consumer credit agency, much like Experian, Transunion, and Equifax Litigo can help you with them all. The main difference is that the other credit agencies report on how well you’re using your credit accounts, whereas Chexsystems reports on how well you are using your deposit accounts. A smaller, but very important, difference is that Chexsystems solely reports negative data. Litigo can help you solve your issues with them. Contact Litigo Today

Let’s say your account is overdrawn due to a weekend splurge. If you pay it off quickly, your bank usually charges you a few fees and continues its relationship with you. Those kinds of overdrafts are not reported to Chexsystems. However, if you have an extended overdraft, and it is severe enough that your bank closes your account, your bank will generally report this negative information to Chexsystems within a day of the account closing.

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(877) 432-4818.

There is a severe consequence to having your delinquent account(s) reported to Chexsystems Litigo can help you with them. Because Chexsystems reports solely on negative data related to your deposit accounts, having entries in Chexsystems often prevents you from qualifying for a new checking account at any other banking institution. Because you will be evaluated individually, you will not be able to open a joint account either, even if the other party’s credit is amazing. Also, because Chexsystems can continue to report your negative information for up to seven years from the date of delinquency, you could spend the next seven years cleaning up your Chexsystems credit history. Get help from Litigo with your problems.

Chexsystems is subject to the Fair Credit Reporting Act (FCRA), a federal law that governs the collection, circulation, and use of consumer information. Because of the FCRA, Chexsystems must provide you, at your request, one free copy of your credit report each year. Like other credit agencies subject to the FCRA, Chexsystems may only report most of your information, excluding bankruptcies and tax liens, for up to seven years. Also, you can dispute the information on your Chexsystems credit report, and they are obligated to investigate. If the information is successfully removed from your credit report, they cannot put it back in without notifying you in writing. Don’t wait 7 Years to solve your problem call Litigo.

Litigo can help you with disputing the information on your Chexsystems credit report is an easy process that can also turn out to be quite lengthy. Although Chexsystems is required to follow up on all your disputes, they have up to thirty days, or twenty if you live in Maine, to get back to you. Also, since credit agencies do not generate income from investigations, the general rule of thumb for disputes is to submit only one at a time. If you dispute multiple items, and each one takes up to thirty days, it can take a significant amount of organization and time.

If you do decide to call Litigo to dispute items on your Chexsystems credit report, you can obtain their Request for Reinvestigation form online. Chexsystems only accepts these forms via the US Postal Service or facsimile. Their mailing address, fax number, and necessary forms are available on

If Chexsystems is able to validate your debts, and you still wish to address them on your credit report, you can submit a Request for Consumer Statement form. A consumer statement will allow you to explain the debt to potential reviewers and may help them make the final decision regarding your credit-worthiness. Their guidelines are posted on the website, but if you need additional assistance, Chexsystems will even help you draft the statement. Litigo will help you with your issues.

Overall, it is better to carefully manage your accounts so you do not end up with negative information in your Chexsystems report. If you do, though, be sure to request your free annual report so you can check for, and dispute, any fraudulent items. Don’t waste your time call Litigo for help today.

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