Hello. I just ordered a ChexSystems report and it says I have 2 charge offs that were paid off in FULL back in 2011. I find ChexSystems very annoying. How do I remove the entries so it doesn't affect my account signups?
I rarely have problems opening checking accounts, but some Credit Unions don't want to allow the opening of a checking account because of that annoying ChexSystems entry that was paid off IN FULL already.
I have seen some advertisements talking about helping removing entries from ChexSystems but I want to know fo the most EFFICIENT way of getting these darn entries removed.
Starting Score: 597
Any other way, because it seems like the banks will try to stall to get those removed. Any success stories?
Once you are in their system, it's almost impossible to get out of it. Been there, done that as well. It's 5 long years of waiting for the items to fall off and it prohibits your use of writing checks in retail stores as most use Chex to validate check transactions in stores like Target and Wal-mart. There are a few ways around it if you need to get a new account:
1) Bank of America, I opened a savings account first online. Once the account is open, I waited about a week and opened a checking account using the same login credentials online. Approved a day or two later.
2) Wells Fargo has a great program. You can sign up for this plan that has limited abilities (can't use an ATM card to deposit cash and some other limited activities). After 12 -18 mos,they convert your account for good behavior. You have to do this in person. This program is called "Opportunity Checking" and again you have to go to a branch and speak with a rep about it.
Good luck and don't take no for an answer, there are programs out there, you just have to be persistent and keep looking. I had an identity theft issue and it was a nightmare cleaning up the problems we had. These were 2 ways I was able to get an account. Like my credit, I treat these like gold.
So call the banks themselves and have them remove the entries? I feel like these reports shouldn't even be affecting me at all since I been paid these off and haven't had any checking account problems since those 2 reports.
What do you do? Send them a GW letter or something? Any particular template to use or department to call?
@MortgageMinded wrote:Once you are in their system, it's almost impossible to get out of it. Been there, done that as well. It's 5 long years of waiting for the items to fall off and it prohibits your use of writing checks in retail stores as most use Chex to validate check transactions in stores like Target and Wal-mart. There are a few ways around it if you need to get a new account:
1) Bank of America, I opened a savings account first online. Once the account is open, I waited about a week and opened a checking account using the same login credentials online. Approved a day or two later.
2) Wells Fargo has a great program. You can sign up for this plan that has limited abilities (can't use an ATM card to deposit cash and some other limited activities). After 12 -18 mos,they convert your account for good behavior. You have to do this in person. This program is called "Opportunity Checking" and again you have to go to a branch and speak with a rep about it.
Good luck and don't take no for an answer, there are programs out there, you just have to be persistent and keep looking. I had an identity theft issue and it was a nightmare cleaning up the problems we had. These were 2 ways I was able to get an account. Like my credit, I treat these like gold.
I have 1 BOA charge off on my Chex Systems. When I initially applied at Chase they didn't let me open a checking account. They offered me a Chase Liquid ($5 per month) prepaid debit card where I can deposit money at Chase ATM's and use like a regular bank card. I even have a routing and checking account numbers. After 6 months I went to withdraw at the teller and they told me that I can convert to a regular checking account with NO monthly fee.
