The consumer reports of ChexSystems will show all the problems and discrepancies that you’ve had with your checking or savings account over the years. These problems can include things like unpaid overdraft fees, suspicious account activity, bounced checks, credit freezes and so on. Anytime activities like these occur, banks will report them to ChexSystems and then they will appear on the consumer report shortly after. Although all of this may seem bad, there is an upside to it when it comes to something like credit freezes.
As a consumer, you have the right to freeze your own credit and prevent new accounts from being opened in your name. This comes in handy if you suspect that you’re the victim of identity theft and you don’t want the thief to open any unauthorized accounts in your name. However, the downside to credit freezes is that it damages your consumer score, even after you’ve cleared up any identity theft problems.