ChexSystems Help?
The webs best source for up-to-date information and lists of non-chexsystems banks and credit unions and ones that are Chex-Friendly and 100% Free!
This site is dedicated to helping those reported to Chexsystem as well as Telecheck and Early Warning Services (EWS. Whether you are looking for a bank or credit union that does not use them or you want to file a dispute to be removed, I can help you.
There are many websites that will sell you the information that we provide here for free. Many have been found to be selling our exact lists. Others claim to gurarantee removal. Because chexsystems, telecheck and Early Warning Services (EWS) are credit reporting agencies, there is no guarantee for removal but I can help you to file the proper disputes with sample letters that we will provide to help you fight them!
Many people believe if they pay any debt owed to a reporting bank, that they will then be removed from chexsystems but this is not true.
Many times paying off the reporting bank can cause you to be reported for a longer period of time than you would have been if you had not paid the debt owed. For example: a report that is from 2006 will be removed in 2011. If it is paid the bank can choose to report it 5 years from the date last paid. So for example a debt on a report from 2006 is paid in 2010, the report would not be removed until 2015. This is why I sometimes suggest NOT to pay the debt owed to the reporting bank(s) especially on accounts that are older ones.
acknowledging that you owe the debt
making a payment
entering a payment plan
making an agreement to pay
making a charge on the account
If the clock on the statute of limitations restarts, it starts back at zero. This gives the creditor or collector more time to use the court to force you to paythe debt.
This site provides local lists of non-chexsystems banks, chexsystems alternatives, banks and credit unions that make exceptions for those reported to chexsystem as well as information on the policies of bigger banks that many seem to have interest in.
USAA - NO chexsystems
I have been reserarching banks and credit unions for those reported for more than 9 years now. Other sites sell the same information on the same banks that I offer for free.
As far as finding a bank that does not use Chexsystems, the options vary from state to state. While some states have many that do not, other states have only a few. But regardless of where you live, there are options to help everyone. In over 7 years now I have always been able to find a bank for everyone.
I work on my lists on a daily basis and talk to the people I help everyday about the banks they are able to find on my lists. Because of this, I know the best options for those on chexsystems, regardless of where you live in the United States.
We believe Chexsystems is not a fair system.
Many have objected to its reporting practices.
They state the system does not report fairly, and unlike credit bureaus which have both positive and negative information on your credit report;
Chexsystems only contains negative information. This jeopardizes your reputation as a consumer, when you would otherwise be qualified to open checking accounts.
Many people reported to chexsystems may also be reported to Telecheck and Early Warning Services(EWS). This is not always the case but it may be a good idea to see exactly what is reported before looking for an account. There are however some banks that do not use chexsystems, telecheck or EWS. There are some banks and credit unions that use a credit report only. I research and find these banks and credit unions. I have been doing this for more than 9 years now.
Over the past 9 years I have spent my spare time helping people reported to chexsystems, telecheck and now EWS find banks and credit unions that do not use these agencies or ones that are willing to help them. I help thousands of people each year to find the personal and business accounts that they need. I do this for free unlike the many many sites that you will find online that can charge up to $300.00 for the same help. My lists are updated and kept current unlike the sites that charge.
1. People with small and limited income are more likely to have an NSF occour which in many cases will result with being reported to chexsystems.
Many times these people will rack up tons of fees in overdrafts that they can not pay which will also result in the account staying negative, eventually closing and later being reported to chexsystems.
2. In times of economic hardship where people are struggling to make ends meet, many resort to using payday loans. Since 2009, we see more and more people that have been reported to chexsystems for these defaulted loans.
3. Small businesses are a huge growing number of those now being reported to chexsystems for " fraud". We see small businesses that will accept checks from their customers that turn out to be
" bad checks".
A growing number of banks are now blaming small businesses for these bad checks and closing their accounts, reporting them to chexsystems and worse, reporting them for " suspected fraud or fraud"
4. And of couse there are many young people that have made bad decisions at one time in their life. Not thinking of the consequences later just to find out when they need a checking account but are unable to open one due to chexsystems. I see alot of young college students being reported to chexsystems for making small mistakes all the time.
5. Identity Theft a growing problem that unfortunately can land many of us in chexsystems. It is VERY important that if you have been a victim of Identity theft that you follow all the correct steps to ensure that you will be hurt the very least.
When a person applies for an account at a bank that uses Chexsystems and is denied, it shows up as an inquiry on your report. Too many inquiries on your report can cause Chexsystems to "flag" your account for suspicious activity. It is very important to know where you can and can not get an approval at prior to applying at a bank.
Too many denials can cause a bank that you might have been able to open an account at originally to deny you for these inquiries. Unfortunately this is a mistake that many people make when they first find out that they are reported to Chexsystems. Once they have been denied by a bank they tend to start applying just anywhere and everywhere only to be denied more.
Some banks have second chance checking that they do offer to those reported to chexsystems or those that have credit issues and problems. My local lists do show second chance accounts that are available. Options do depend on where you live.
Over the years I have always suggested always having more than one bank and never having all of your money in one place. This is especially true when using a bank or credit union that uses chexsystems. There have been occasions that banks will close account that are in perfectly good standing due to a chexsystems record.
Do not believe that just because a bank allows you to open an account that they will not later close it. Over the years I have had too many people tell me that they were approved by the local branch manager just to have the account closed later.
