In most countries, the government keeps records on people. In the United States, people keep records on you as well as the government. Did you know that your bank reports information on you? This information can lead to you being dismissed from your job or being turn down for one. On place they report to are the credit unions such as Transunion. That is for reporting that you have good or bad credit.
ChexSystems is the company that keeps track of your bank checking activity. If I were you, I would order a free copy of this report today and see what they are saying about you.
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ChexSystems, Inc. provides account verification services to its financial institution members to aid them in identifying account applicants who may have a history of account mishandling (for example, people whose accounts were overdrawn and then closed by them or their bank).
You can order a report to learn what information, if any, is listed in your consumer file at ChexSystems. If you have been denied an account from a bank or credit union, and ChexSystems was used in the decision process, this information will help you understand what may have contributed to that decision.
Under the Fair and Accurate Credit Transaction Act (FACTA) amendments to the federal Fair Credit Reporting Act (FCRA), you are entitled to a free copy of your consumer report, at your request, once every 12 months. Each report submitted to ChexSystems remains on their files for five years, unless the source of the information requests its removal or ChexSystems becomes obligated to remove it under applicable law.
ChexSystems, Inc. is a consumer-reporting agency governed by the Federal Fair Credit Reporting Act (FCRA) and other laws. The Federal Trade Commission enforces the FCRA.
Here are the terms and Conditions;
• You may order only your own personal ChexSystems report.
• You understand that obtaining another person's consumer report is a violation of federal law punishable by fines and imprisonment.
YOU AGREE TO PROVIDE YOUR ACCURATE IDENTIFYING INFORMATION AND UNDERSTAND THAT CHEXSYSTEMS MAY ACCESS, STORE, AND USE THIS INFORMATION TO THE EXTENT PERMITTED BY LAW.
To request a free copy of your ChexSystems report, click below.
Here are somethings to keep in mind about this report.
Let’s say your account was paid and you find that the problem was not removed from your report. Why not?
A reporting member is under no obligation to remove an accurate report of account mishandling due to payment of monies owed. However, the member is obligated to update the report with a paid in full or settled in full date when applicable.
You may wonder why my consumer report only shows the last 4 digits of my Social Security number, Driver's License number and/or account number. This information is masked to protect the privacy of your personal information. If you would like to receive a copy of your report with unmasked data, please submit your request in writing, with a clear indication of what information you would like to receive unmasked.
You have your report and you see something wrong. Now how do you dispute this information? ChexSystems will reinvestigate any item listed in your consumer report that you believe may be inaccurate or incomplete. Please select the following link to obtain information about how to submit your dispute. If you believe the information listed on your report under Driver’s License Verification is incorrect, please refer to State DMV Contact Information. These instructions are on your report. We ask for this information to ensure that we make a complete and accurate search and are able to identify all information that may pertain to you.
ChexSystems neither approves nor declines accounts. The decision depends on the policies of the institution you attempt to do business with. You may be entitled to add a brief statement to your consumer file describing the nature of your dispute of the information.
So you want to get a copy of your spouse’s report!
ChexSystems is required by law to deal directly with the individual to whom the information pertains. They strictly adhere to this to protect consumer privacy. To discuss the information with anyone else, they must receive a notarized Power of Attorney or specific written instructions, signed by the consumer whose information is being requested, authorizing them to disclose the information to the person named in the Power of Attorney.
Who has access to your consumer file?
ChexSystems is governed by the federal Fair Credit Reporting Act (FCRA). This consumer protection legislation is designed to ensure that the gathering and sharing of consumer information is done accurately, fairly, and with respect for the consumer's right to privacy. You can request a copy of your consumer report at any time. In accordance with the FCRA, your consumer report can only be disclosed to others having a permissible purpose (legal right) for that information. Examples of legitimate requests include:
• According to your written instructions
• A business transaction initiated by you
• Pursuant to a court order or federal grand jury subpoena
• Use of information for employment purposes, with your written permission
• Your application for a license or other benefit granted by the government, when consideration of financial responsibility is required by law
• A child support determination, under certain circumstances.
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