ChexSystemsVictims
ChexSystems Inquiries
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.
It is also important to find out exactly what your Chexsystems report says. Your options of finding a bank can change drastically depending on what is reported and how it was reported. I have had some people tell me that they were reported to Chexsystems more than 5 years ago, not knowing that they should have been removed after 5 years. Many times this does not happen automatically as it should and just a simple letter can get it done. Many people have disputed even before the 5 year mark and are able to be removed.
There are 2 types of inquiries that will show up on your chexsystems report, the only inquiries that can hurt you are those that have been initiated by a consumer action
(that means that you authorized the bank, credit union or company to run a chexsystems report on you in order to open an account)
Inquiries Not Initiated By Consumer Action refers to inquiries resulting from transactions you may not have initiated, so you may not recognize the source. Members with permissible purposes include current creditors, pre-approval creditors, and potential investors trying to assess risks. They report these requests only to you as a record of activities, and they do not include any of these requests on credit reports to others.
Inquiries Initiated By Consumer Action refers to inquiries resulting from a transaction initiated by you. These include applying for a credit card or completing an application at a financial institution. Please note that the inquiries are part of your credit history and may be included in our reports to others. These inquiries can be viewed for ninety days up to three years.
You can not dispute the Inquiries Not Initiated By Consumer Action
You can dispute the Inquiries Initiated By Consumer Action
If you have an inquiry on your report that shows up under those initiated by a consumer action and you did not authorize the bank or company to do so, you can dispute it and they will have to remove it if they can not prove it was authorized.
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.
It is also important to find out exactly what your Chexsystems report says. Your options of finding a bank can change drastically depending on what is reported and how it was reported. I have had some people tell me that they were reported to Chexsystems more than 5 years ago, not knowing that they should have been removed after 5 years. Many times this does not happen automatically as it should and just a simple letter can get it done. Many people have disputed even before the 5 year mark and are able to be removed.
There are 2 types of inquiries that will show up on your chexsystems report, the only inquiries that can hurt you are those that have been initiated by a consumer action
(that means that you authorized the bank, credit union or company to run a chexsystems report on you in order to open an account)
Inquiries Not Initiated By Consumer Action refers to inquiries resulting from transactions you may not have initiated, so you may not recognize the source. Members with permissible purposes include current creditors, pre-approval creditors, and potential investors trying to assess risks. They report these requests only to you as a record of activities, and they do not include any of these requests on credit reports to others.
Inquiries Initiated By Consumer Action refers to inquiries resulting from a transaction initiated by you. These include applying for a credit card or completing an application at a financial institution. Please note that the inquiries are part of your credit history and may be included in our reports to others. These inquiries can be viewed for ninety days up to three years.
You can not dispute the Inquiries Not Initiated By Consumer Action
You can dispute the Inquiries Initiated By Consumer Action
If you have an inquiry on your report that shows up under those initiated by a consumer action and you did not authorize the bank or company to do so, you can dispute it and they will have to remove it if they can not prove it was authorized.
Everyone is approved!!!!
Another great feature in some cities are the ING DIRECT cafes. These are cafes where you can do everything that you can do at any bank branch.
Chicago
Location: 21 E. Chestnut Street
Los Angeles
Location: Corner of Santa Monica Blvd. and the 405 Fwy.
New York City
Location: 45 E. 49th Street, between Madison and Park Avenues.
New York City
Location: 968 3rd Ave, at 58th St.
St. Cloud
Location: 30 7th Avenue South
Honolulu
Location: 1958 Kalakaua Ave.
Philadelphia
Location: Corner of 17th and Walnut Streets.
Wilmington
Location: 802 Delaware Ave.
Copyright chexsystemsvictims. All rights reserved. Please note: We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.
Another great feature in some cities are the ING DIRECT cafes. These are cafes where you can do everything that you can do at any bank branch.
Chicago
Location: 21 E. Chestnut Street
Los Angeles
Location: Corner of Santa Monica Blvd. and the 405 Fwy.
New York City
Location: 45 E. 49th Street, between Madison and Park Avenues.
New York City
Location: 968 3rd Ave, at 58th St.
St. Cloud
Location: 30 7th Avenue South
Honolulu
Location: 1958 Kalakaua Ave.
Philadelphia
Location: Corner of 17th and Walnut Streets.
Wilmington
Location: 802 Delaware Ave.
Copyright chexsystemsvictims. All rights reserved. Please note: We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.
