Table of Contents
- 1 ChexSystems Report
- 2 How long do items stay on a ChexSystems report?
- 3 ChexSystems vs Credit Bureaus
- 4 Frequently Asked Report Questions
- 5 How can I see what is in my file?
- 6 How do I dispute information?
- 7 If I paid my account in full, will my ChexSystems file be updated to remove the negative mark on my report?
- 8 What is the purpose of having to disclose my personal information on the form?
- 9 How do I add a statement to my file?
- 10 How do I fill out forms electronically?
- 11 Only the last 4 digits of my account number, driver’s license number and/or social security number appear on my consumer report. Why?
- 12 I was refused a copy of my wife or husband’s consumer report. Why?
- 13 Is there a way I can contact ChexSystems on someone else’s behalf?
- 14 Is there a way I can contact ChexSystems concerning my “under 18” child?
- 15 Is there a way to stop receiving prescreened credit offers?
- 16 Is there a way to know if my online session is secured?
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.