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Is it legal for a credit union to report you to ChexSystems for owing them pennies?


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2011-07-06 16:53:51
2011-07-06 16:53:51

I think it has to be over a certain amount, I beleave it has to be over $50 dollars

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ChexSystems is a type of credit reporting agency. The debt would be to the bank which listed your debt with ChexSystems. List the bank to which you owe money with ChexSystems as an "additional address" so that both the bank and ChexSystems will both receive notice and your debt can be removed from ChexSystems database as well. However, the BANK is the creditor, NOT ChexSystems. Be sure to list the bank. *I am not a licensed attorney and this answer should not be construed as legal advice. Please consult with your attorney for actual legal advice.

Consult with a debt collector. They have the legal qualifications to report to credit reporting agencies.

You have the right to see your credit report. If you have asked some person or institution to extend credit to you, they have a right to see your credit report. In many jurisdictions, potential employers may also obtain your credit report. If the police are considering whether you may be a suspect in a criminal investigation, they may also view your credit report.

Since you are probably not legal to enter into a contract, you probably don't have a credit history.

== == Collection agencies do not have the legal right to pull your credit report unless you gave them permission.


An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.

A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.

reporting credit delinquenciesI am a landlord. My tenant is seriously in default of her lease and is in arrears in excess of $5,500. and refuses to pay. How can I report her to the credit agencies?-----------------You will need to take her to court (small claims court) and get a judgment against her. The judgment is a legal action against her and will show up on her credit report.

The credit accounts will appear in the credit portion of your report for seven years from their date of last activity. The legal item will appear in the public record portion for 10 years from the date of its' discharge.

Any business that you have dealings with can "Pull" a credit report. I would think that they would do so before allowing you to get into debt. But if they do it after it is still legal.

Yes. Your length of credit history alone can affect your credit score. Yes. A drop in your credit score does not indicate anything illegal.

The Fair Credit Reporting Act allows the legal action of foreclosure to remain for 7 years from the date of filing.

Yes penny's are legal tender.

If you want to save money on your large purchases, you should strive to maintain a good credit report. Your credit report gives lenders the information they need to determine whether or not to approve your loan. When you buy a house, car or any other significant purchase, you can save several hundreds or even thousands of dollars by maintaining a good credit score. You can order your credit report online at no charge once a year. If you have been turned down for a credit application, you can also request your credit report at no charge. The name of the three credit reporting agencies are Experian, TransUnion and Equifax. There are online credit report agencies that will charge you a fee for your credit report. Make it a habit to check your credit report each year. Credit reporting agencies use your legal name, address, date of birth and social security number to identify you. Your credit report will list other names you may have if you are a female who has been married and divorced a few times. You will also find the addresses where you have lived previously. Be sure the information is factual because errors can occur. If you find an error on your credit report you should write the credit reporting agency immediately. You will find on your credit report a list of your credit accounts. The lender will report the date you opened the account, balance information and your payment history. The three credit report agencies vary slightly in their formats. Check your credit account information carefully for accuracy. Your credit report will also list companies that have inquired about your credit. Examples of these would include lenders, credit card companies and others. If you have any collection items or public record information such as bankruptcies, judgments or liens, then this information will also be included on your credit report. Take the time to order your credit report and take steps to improve your credit. Improving your credit will save you money on your large purchases. Make sure your credit report is accurate and monitor it at least once a year.

If the bill belongs to a minor, it will most likely be put on the credit report of the responsible party, which would be one of the parents, or the legal guardian of the minor at the time the debt was accrued.

Consumers (although some do not realize it) authorize the creditor and agencies and legal representatives acting on the creditor's behalf to access their credit report when they sign the original account agreement. It is perfectly legal and there is nothing the debtor can do to prevent the action.

The Fair Credit Reporting Act allows a bankruptcy to show for 10 years from the "date of entry of the order for relief or the date of adjudication". This refers to the legal item which appears in the public record portion of a credit report. Any tradelines that were included in bankruptcy, which are the accounts listed in the report, will be shielded from view after 7 years.

Because you are not legally liable in any contract until you are "of age" (18) there is no legal grounds for anything to be on your credit report. As well, your credit does not reset at 21. Things do fall off your credit report (check your state for time frame) after several years. Given that there has been zero activity( no payments...NO charges etc...)

If the husband adds the wife as a "joint" it will show on her credit report but will most likely not be counted against her if she tried to apply for a loan. If the husband adds the wife as an "authorized user" it will not even show on her credit report because she has no legal obligation to pay the credit card bills, but she has the right to use the card.

No. Companies often check your credit report to see if you match their offer for credit. Get on the privacy alerts services and they stop that from happening. I have LifeLock and no one gets to my files unless I want them to.

Most storage facilities do not have an account with the CRAs, so in most cases, no. However, the legal right exists to report non-payment to a CRA, so although it usually doesn't happen, it could possibly get shown on your credit report.

Yes. It says "Account information disputed under Fair Credit Reporting Act" or some variation of that. The dispute doesn't hurt your score, it is your legal right.

Many companies ask if they can get a copy on their application. We screen all canidates this way and it is completely legal. Credit is an awesome way to determine a candidate's ability to manage.

There is no difference in method for disputing various derogatory items. You dispute a foreclosure with the same technique as disputing late payments, collections or judgments. You need to aware that the information on legal entries is verified before they are listed on your credit report. Judgments and foreclosures, which begin as trade lines in the credit report, are "double" verified. The standard of verification for trade lines, (the credit accounts before they become legal entries) is name, date of birth, address, social security number. There are different standards for legal items in the public record portion of your credit. Those entries often do NOT have your social security number recorded. However, if a foreclosure is listed in both places, and is accurate and belongs to you; there is little you can do to make this disappear prior to the statute of limitations running out. UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Foreclosure from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "foreclosure account" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The bank that held your mortgage may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.

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