Innovis & ChexSystems

[MB2714]

Chex Systems is very well known. Just about every bank and credit union in the country uses them before issuing a checking, savings, ATM/ Debit card or Courtesy pay on a deposit account. They are not talked about as much, but they can destroy you. Credit card companies use them to verify fraud/ drivers license data. Chex systems is online with every State DMV/ Secretary of State. They can verify if a address or DLN you give someone is correct or valid. They have actually their own Internal credit scoring system for approving new bank accounts if the institution chooses to use it.

[SunriseEarth]

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@DigitalArk wrote:

Have any one ordered reports from them? Is it a good idea to get their reports? How valuable are their reports?

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I think if someone has info on you, why not see what they have?

I just got copies of my Innovis and ChexSystems today.   My SLs, all GE TLs, all Comenity TLs, and Cap One were included on Innovis.  So no Merrick and no Credit One.  

ChexSystems was empty.  

[Involver]

Ordered my ChexSystems report last week.  In going through a major credit overhaul / house cleaning it's best to be as thorough as possible.

[StartingOver10]

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@SunriseEarth wrote:

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@DigitalArk wrote:

Have any one ordered reports from them? Is it a good idea to get their reports? How valuable are their reports?

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I think if someone has info on you, why not see what they have?

I just got copies of my Innovis and ChexSystems today.   My SLs, all GE TLs, all Comenity TLs, and Cap One were included on Innovis.  So no Merrick and no Credit One.  

ChexSystems was empty.  

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^^^Great! You want the ChexSystems report to be empty. It only shows entries if you have NSF's or OD's. They stay on your record for 5 years IIRC. Naturally the items reported are generally 'uncollected'.