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ChexSystems - The Unknown Consumer Reporting Agency
ChexSystems is a consumer reporting agency governed by the Federal Fair Credit Reporting Act (FCRA).
ChexSystems is a consumer reporting agency governed by the Federal Fair Credit Reporting Act (FCRA). A creditor can report late payments, charge-offs and negative information to the Credit Reporting Agencies (CRA’s), a financial institution may report NSF, Overdrafts, Account Abuse, Suspected Fraud and Fraud Activity to ChexSystems.
As ChexSystems continues to aggressively market its services to more and more banks, it will become much more difficult to locate a non-ChexSystems bank. When you are listed in the ChexSystems database, your name will stay there for a minimum of 5 years, even if you pay off any/all debts you owe to the bank(s) that will not remove the risk that the bank(s) have placed against you.
Millions of people nationwide have been denied a Bank Account. Most of these people never heard of ChexSystems, let alone know what it is. To make matters worse, the banks have limited, if any, resources available to help people resolve their ChexSystems Profile.
AMG Consulting Group Inc, has a proven 60 day (5 Step) ChexSystems Removal Program that will get you removed from ChexSystems.
Order a current copy of your ChexSystems Report.
Contact ChexSystems in writing and challenge the negative information they are disclosing about you.
Contact the bank(s) that have posted you to ChexSystems and request verification of the negative information they reported to ChexSystems about you.
Negotiate with the bank(s) a settlement for funds owed and/or forgiveness letter for mishandling previous bank account(s).
Contact ChexSystems with the forgiveness and/or deletion letter received from the bank(s) and request ChexSystems to remove the negative information.
· AMG offer’s a 30 day expedited ChexSystems Resolution Program
· Banking Education Classes (4) Hour Class $99.00
· Do It Yourself - ChexSystems Removal Book $29.95
Yes you can get removed from ChexSystems and open a New Bank Account.
CNNMoney recently did an article on our clients and how we restored their banking relationships.