Getting your name cleared from ChexSystems is not an easy task. In fact, most people who try fail. Of course, you can try to hire a credit repair company to get your name removed, but even then, there are no guarantees of success. And, once you’ve paid for the ChexSystems removal service, there are no refunds. The reality is, you have the power to do anything that those credit repair companies can. Credit repair companies have to abide by the same rules and regulations as you do.
If you are considering a dispute with ChexSystems, the 1st thing to do is order your ChexSystems report to see what is exactly on there. You can order one for free at the official ChexSystems website: www.consumerdebit.com
Are you eligible for ChexSystems removal? To find out, ask yourself these questions:
1. Have you tried to talk to your bank’s branch manager to see if they’re willing to remove you from ChexSystems?
If so, then great! However, in most cases, branch managers will not honor this request, unless there were some unique circumstances which caused you to be reported. It wouldn’t hurt to try though.
2. Is all the information correct on ChexSystems?
Is your name, birthdate and social security information correct? Is the reported information correct, such as amount owed, dates and name of the reporting bank?
Once you have received your ChexSystems report, review it to see that there are no errors or inaccuracies. If you do happen to find an error, you should file a dispute with ChexSystems.
3. In your case, has ChexSystems stayed within all governing laws and regulations?
By law, ChexSystems has to follow all rules and regulations as mandated by the FCRA (Fair Credit Reporting Act). If they are within the guidelines, then there isn’t much you can do from a legal perspective.
The next step is disputing your ChexSystems report.