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Will you be removed from ChexSystems even if the balance has not been paid off?
Wiki User
∙ 16y ago
After five years. At least that is how long they kept me in and I paid. It makes no difference if you pay or not. You will still be in Chex systems for at least five years. The only way to get out of chexsystems is to wait the 5 years or file a dispute with either chexsystems or the bank that reported you to chexsystems. There is no guarantee for removal. Paying Chexsystems will NOT remove you. They do however have to make sure their records show that no debt is owed. Chexsystems is a CRA and must adhere to the FCRA. All information on your report MUST be accurate or deleted.
Wiki User
∙ 16y ago
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Should you pay off a credit card balance that has been charged off?
Yes. You're still responsible for any outstanding balance, even if an account is charged off. What has been known to happen is that the balance will keep getting sold to collectors, and you end up being harrassed.
Does being in chexsystems affect your credit even you don't owe the banks anything?
If you owe NOTHING, it will not hurt your credit but may still prevent you from opening a checking account for up to 5 years.
What happens if a judgment creditor places a levy on a bank account and the account balance is less than the judgment amount?
You get fined a fee by the bank, your account is frozen, and they will probably come after your paycheck through garnishment (even if the levy is removed) Levy is a step, garnishment follows.
Are there any Il banks that do not use chexsystems?
. Hopefully this information can help answer your question. As far as banks that dont use ChexSystems, it is becoming very difficult to find because of the weakened economy. Since banks are already doing bad because of the real estate issue, they are becoming even more strict on opening accounts for people on chexsystems because it creates another risk if the person overdrafts a lot, owing the bank money. Banks dont make money off checking accounts, that is why they use chexsystems in the first place. it is also why they make you keep a minimal amount in your account. If you are looking fro an alternative bank account i would suggest using a prepaid debit card account. There are many prepaid card companies to choose from and they all provide the same basic features of a checking account, such as: debit cards to make purchases & withdraw cash, a place to safely store your money, direct deposit, online bill pay, online account access, most prepaid card accounts are FDIC insured and some even give interest on the money you have in your account. If you are thinking about using a prepaid card account, i would suggest AccountNow, or you can use a prepaid card comparison site like www.prepaid101.com. If you are looking for more information on ChexSystems or other money advice and tips, visit Money 411 for more informtion: www.accountnow.com/resources/
Is there such a thing as a 1000 bill?
Up until the 50's, there had been $1,000 bills in circulation, and there have even been $10,000 bills. My grandfather told me that they have been removed from circulation because such a large denomination would make large drug deals very easy, they attract A LOT of attention/jealousy because it is a vast wealth in a single bill, and it would be a prime target for counterfeiting. Because of these problems the US Gov/Treasury removed them from open circulation.
Can you add your fiance to your checking account even though he is on the ChexSystems?
There are some banks that will aloow this but generally no. Most banks will run all signers on an account and will not allow you to be added to an account if you have been reported to chexsystems, There are some banks that do not use chexsystems at all and others that offer second chance checking.
Is it true that even after you pay the bank you owe that you will stay on Chex Systems for up to 7 years and can't they take you off?
The reporting bank can request to chexsystems to remove you. Chexsystems reports remain for 5 years unless disputed. There is no guarantee for removal. Once the 5 years is up, you should be removed
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.
What banks will approve you even though your in chexsystems in Indianapolis IN?
There are many banks that do not use chexsystems and some that will make exceptions. related question for more information http://wiki.answers.com/Q/Are_there_any_banks_that_do_not_use_Telecheck_or_Chexsystems
Are there any banks in California that are non-Chexsystems banks?
US Bank is approving many people in chexsystems. You have to find an " in store branch " not a regular branch. Some locations even have signs that say "chexsystems no problem" I always suggest you call ahead and make sure it is a branch that holds this policy. If you have been reported to EWS, do not apply for an account at Bank Of America. They may open it but will close it at a later time.
Can you open a savings account if you are on ChexSystems?
Opening A Savings AccountGenerally if a bank uses chexsystems, they will use it to open a savings as well. Sometimes a credit union will open a savings account if you are on chexsystems as long as you are eligible for a membership even if they will not open a checking. Some banks and credit unions do not verify savings accounts through chexsystems so it really depends on the bank or credit union .Right now ING direct is an excellent place if you are looking for a savings ONLY. They will not run chexsystems.related question for more helpAre_there_any_banks_that_do_not_use_Telecheck_or_Chexsystems
Is it possible for snake venom to still be in the bloodstream even after it has been removed?
If it has been removed then it must be all gone. It would be a contradiction (which is impossible) otherwise.
You already have an account with us bank even though you are in chexsystems you want to use a new bank none will take you Does'nt your active account prove anything?
NO, IF A BANK USES CHEXSYSTEMS THEY WILL NOT CONSIDER THAT YOU HAVE AN ACCOUNT AT A BANK ALREADY AS A WAY TO DETERMINE IF THEY WILL OPEN AN ACCOUNT FOR YOU.
If you pay the bank you owe will they remove you from the chex systems?
== == The answer is No. Not unless you call and make a formal request. Even then they will tell you it is up to Chexsystems and it will stay on your credit report for 5 years. Chexsystems will tell you to call the bank. My advice is be clear about what you are paying for, ask questions and get names.
Can you open a savings account if you are on chexsystem?
Answer Most banks that use chexsystems will not allow you to open an a savings or a checking account if you have been reported. There are more credit unions that allow those reported to chexsystems to open a savings if you are eligible for membership even if your chexsystems report is stopping you from having a checking with them.There are some Nationwide banks like ING Direct that will allow anyone to open a savings account. They do not use chexsystems at all. Of course ING requires a person to link to an existing checking account. Chances are a person on ChexSystems doesn't have any kind of bank account nor can they get one. So pursuing opening an account with ING is not possible.Paying the debt owed to the reporting bank will NOT remove you from chexsystems. Many times paying off a debt that is owed to the reporting bank(s) can cause you to be reported even longer. The bank or credit union is allowed to report you 5 years from the last date that the account was paid on/or paid off.AnswerEventually it will just be easier to pay off the bank that put you on chexsystems in the first place. Often people get into trouble with overdraft fees, particularly before the 2010 laws, but they still owe the money, and there is really no way out without settling up with that bank.
Is Even Balance a safe site to use?
Even Balance is a website for anti-cheat systems for online multiplayer games. The site has been used over a million time and is considered to be safe by a lot of users.
Should you pay off a credit card balance that has been charged off?
Yes. You're still responsible for any outstanding balance, even if an account is charged off. What has been known to happen is that the balance will keep getting sold to collectors, and you end up being harrassed.
