Most consumers know about the three major credit reporting agencies, Experian, Trans Union, and Equifa. They know that having a good credit
report with these agencies is extremely important to making big purchases, qualifying for a credit card, and even getting a job. However,
if you ask most people about Chexsystems, they will know very little or nothing at all.
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.
Have you ever wondered why you can bounce checks or have unpaid bank fees yet they don’t appear on your credit report?
Even though they don’t show up on your credit report, they will appear on your Chexsystems report.Your Chexsystems report is very
similar to your credit reports. Banks will report mishandled checking and savings account information. That information can stay in your file for
You are able to request a copy of your consumer report once every 12 months. Here are some examples of what can happen if you have negative
entries in your Chexsystems report:
*Your application may be denied for a checking or savings account.
*The bank could also use this information along with your credit report to make judgments on making loans to you.
What should you do if you have negative entries on your report?
*The first thing to do is take care of your debts. If you have unpaid bank fees, contact your bank right away. Often they will negotiate
with you if you are willing to pay a lump sum. If you can’t do that, get your debt paid as soon as possible.
*Once it is paid, the bank is required to notify Chexsystems that the debt has been satisfied. That doesn’t remove the entry from your report but
it does indicate that you have paid your debt.
On their website, Chexsystems also offers consumer education. You will find articles about how to pick the right bank accounts
and managing your checking or savings account to avoid mismanagement on your part. Don’t miss these informative articles.
If you have always kept your bank accounts in good standing, you most likely have nothing to worry about with your Chexsystems
report. However, it is a good idea to order an annual copy to check for errors. Don’t wait until you are turned down for a bank account to
discover that there are errors. Any disputes won’t be corrected overnight so order your report today.
If you have had mismanaged accounts in the past, first, pay your bank fees. Until the fees are settled, the negative entry will not be removed.