Dispute Assistance News

How To Order Your ChexSystems Report

First a disclaimer! Litigo Inc. is not owned, operated, or affiliated in any way with Chex Systems Inc. or its parent Fidelity National Information Services (also known as FIS). Litigo cannot remove, update, or verify a consumer’s file in the CHEXSYSTEMS database, which is owned and operated by Chex Systems, Inc. Litigo can assist you […]

How Long After An Overdraft Are You Reported To Chexsystems?

All About Chexsystems Chexsystems is a consumer credit agency, much like Experian, Transunion, and Equifax Litigo can help you with them all. The main difference is that the other credit agencies report on how well you’re using your credit accounts, whereas Chexsystems reports on how well you are using your deposit accounts. A smaller, but […]

TeleCheck to Pay $3.5 Million for Fair Credit Reporting Act Violations

Penalty Matches FTC’s Second-Largest Ever in an FCRA Case TeleCheck Services, Inc., one of the nation’s largest check authorization service companies, along with its associated debt-collection entity, TRS Recovery Services, Inc., have agreed to pay $3.5 million to settle Federal Trade Commission charges that they violated the Fair Credit Reporting Act (FCRA). The penalty matches […]

Database can shut people out of accounts

Zikomo Fields pulls in more than $100,000 a year as a software engineer in Kansas City, Mo. But the 36-year-old has no bank account. It’s not that he doesn’t want one. Fields simply hasn’t found a bank willing to house his money. Instead, he walks around with $23,000 saved on a prepaid debit card. Fields […]

Minor trouble shouldn’t mean long ban from banks

Banks are under no legal obligation to do business with people who have been financially irresponsible. Even so, the common practice of blacklisting customers who have made minor financial missteps and denying them access to basic banking is an abuse that hurts the economy, young adults and poor neighborhoods. It’s up to consumer advocates and […]

What Is a Early Warning Services Report?

Many consumers have heard of the ChexSystems company and the ChexSystems report. ChexSystems is a credit-reporting agency that keeps a database of consumers who have had negative interactions with banks. A person who has drawn a check on a closed account or overdrafted and never fixed the discrepancy may end up on such a report. […]

What Is Early Warning Services?

In this world of technology, high-speed communication, and online interaction, financial information has never been more at risk. Even though technology is precisely what establishes such a high risk for businesses and even consumers, it is also technology that presents part of the solution. Early Warning Services utilizes that same technology to protect businesses, educate […]

Capital One will change way it uses ChexSystems database

ChexSystems has long been a partner of the financial services industry, collecting information about consumers’ financial habits and supplying it to banks. Banks have relied on the information to identify people accused of fraudulent activity at one institution, so they can be prevented from carrying it out at another. But consumers have complained that the […]

Knowing more about which banks use ChexSystems

Wondering which banks use ChexSystems? Well, the fact is that many of them are and this is certainly great news for their activities and profits, because it’s very well known that banks lose millions of dollars every year due to check frauds. You don’t have to be a victim of check fraud get help from […]