Post by account_disabled on Jan 3, 2024 4:08:16 GMT
Not only do they report you to NCTDE but also to a third party that NCTDE has appointed to maintain the database. Equifax is currently Athat third party. The bright spot is that the compliance with the Fair Credit Reporting Act FCRA. Chex System TeleCheck and SCAN are well known to the merchants of this beautiful country. Each maintains a database of bad check writers. Your name could be on their list if youve written just one bad check whether its your fault or not. How is it not your fault If youre like me sometimes you forget to post a check on your register and before you know it youve written another one and it clears before the first one.
The result is not always a bounced check but it can also be bingo you are now entered into the Chex System TeleCheck andor SCAN database. When that happens they now have your name photo retouching address phone number bank account number and any identificationusually a drivers license numberthat you put on the check at the stores request. I bet you would agree that is a lot of information about you. Once you are on this list any subscribing merchant may deny you check writing privileges. Additionally you may not be able to open a checking account at a bank in your city. Thats right banks are also subscribers. Since they dont make as much money on a checking account as they do on other services they keep a close eye on that area.
While its not technically these companies fault that your account was declined theyre still the ones maintaining the database so theyre taking the heat. If you are having trouble in this area the best source I can find for real help and results is httpwww.creditinfocenter.comFeaturedArticlesChexSystems.shtml I am in no way affiliated with this site and not a dime from their web listings pages. If I had a problem this is the place I would use. Or if you want to do it yourself here are their web addresses and tollfree numbers ChexSystems Believe it or not.
The result is not always a bounced check but it can also be bingo you are now entered into the Chex System TeleCheck andor SCAN database. When that happens they now have your name photo retouching address phone number bank account number and any identificationusually a drivers license numberthat you put on the check at the stores request. I bet you would agree that is a lot of information about you. Once you are on this list any subscribing merchant may deny you check writing privileges. Additionally you may not be able to open a checking account at a bank in your city. Thats right banks are also subscribers. Since they dont make as much money on a checking account as they do on other services they keep a close eye on that area.
While its not technically these companies fault that your account was declined theyre still the ones maintaining the database so theyre taking the heat. If you are having trouble in this area the best source I can find for real help and results is httpwww.creditinfocenter.comFeaturedArticlesChexSystems.shtml I am in no way affiliated with this site and not a dime from their web listings pages. If I had a problem this is the place I would use. Or if you want to do it yourself here are their web addresses and tollfree numbers ChexSystems Believe it or not.