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Once you file bankruptcy will your information come out of chex systems?
Wiki User
∙ 15y ago
No, if anything bankruptcy is information that will add to any form of credit/background or information report. Nothing "comes out"...although some of the items on Chex may be effected, that effect/result would likely be reported.
Basically, you live with the past you create and that is what is should be reported.
Wiki User
∙ 15y ago
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Does Canada has a chex system?
Yes, Chex Systems is in Canada. It is owned and operated by Fidelity National Information Services. They provide information about deposit accounts.
What happens to the stuff on Chex system when you file bankruptcy before the 5 years is up?
Generally, nothing happens to the Chex Systems report when you file bankruptcy. In other words, while debts are discharged by the bankruptcy, this doesn't mean banks have to stop telling each other (via Chex Systems or any other bad check reporting service) that you wrote bad checks. Most people I have seen who were in Chex Systems continued to be in Chex Systems even after filing bankruptcy. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
Is there a way to get off chex systems if you had a business checking acct and the business filed bankruptcy and the amount they are showing are bank fees that were included and discharged?
No. Valid information reported to CS will remain for the required 5 year time limit.
What type of products does the company Chex Systems provide?
Chex Systems is a eFunds cheque verification service and consumer credit reporting agency. Chex Systems provides data related to how the consumer handled their deposit accounts.
If you just filed for bankruptcy and are on Chex systems and can not get an account how long do you need to wait before you can open a new checking account?
It will probably be two or three years before you are able to open up a checking account. Bankruptcy severely effects your credit.
If this is the case then will it disappear from chex systems after 5 years?
Entries posted in Chex Systems can stay up to 5 years. After 5 years, the entries will disappear from the record.
What type of services does Check Systems offer?
Chex Systems is a credit reporting agency. Unlike Trans Union and Experian, who report on consumer credit, Chex Systems reports on mishandling of bank accounts.
Are there any banks in Connecticut that are non chex systems banks?
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Can your bank account be closed if you've had the account for 6 months and you've just been reported on the Chex Systems?
possible. After my five years with chex systems passed, I opened a checking account and the bank closed it after two months due to my chex systems record. They froze it and then closed it without notice to me. I found out when the ATM card quit working. I then had to get Chex systems to write a letter to them because my record should have been gone after five years, but that did not help me get my account back. Yes, if the account holder resides in a state where the banking laws allow the action without due process of law.
Can items listed in a ChexSystems or CheckCare report be removed after their inclusion and discharge in a chapter 7 bankruptcy?
Unfortunately, your information will remain on the ChexSystems database even after a BK discharge. Chex Systems may add a statement to your report showing that the account was included in the BK, but the reality is, they will continue to hold your record until the 5 year term has lapsed.
Do you have to have good credit to open a checking account?
no not really, you just don't have to be in Chex Systems
Where can I find more information on chex cereal coupons?
The website https://www.websaver.ca/en_ca/portal/lifemadedelicious/?campaign=chex&source=chex Has a coupon for $1 off Chex cereal products. Try combining it with an in store sale for even more savings.
