Avoid ChexSystems Removal
This is a warning to all consumers
considering hiring one of the ChexSystems removal services you see popping up
online. These services are either scams or are operating under the law by filing
fake police reports, etc and by doing so, could cause legal problems for you.
If your currently listed in ChexSystems
and/or Early Warning Services and you are having issues opening a regular
checking account, you have a couple of options. First is to get a solid prepaid
card like the Ready Debit (sign
up for Account Now since it
cost less than most prime banks). Your second option is to find banks offering
I know this is not what you wanted to hear,
but you need to understand that one your listed in ChexSystems, your stuck for a
minimum of 5 years, unless you can prove you did nothing wrong or you are an
actual identity theft victim. If your listed in Early Warning Services, your
stuck for 7 years and once again, it is extremely hard to get off the list.
As bad as ChexSystems and Early
Warning Services seem, they are a necessary evil due to the massive fraud that
banks face on a daily basis.
You do have rights though. Since
ChexSystems and Early Warning Services are credit bureaus, credit reporting laws
and the FCRA apply to them. So you can get a free copy of your banking credit
report yearly and within 60 days of being denied a banking account.
I know this sounds harsh, but
99.9% of the time, if your listed in ChexSystems or Early Warning Services, you
are there for a reason and there is nothing that a ChexSystems removal service
can do for you. Unless your a victim of identity theft and can prove it your
stuck. It is tough to think about, but it is a fact that you want to grab a hold
of. Even if you are the less than 1% of mistakes, your going to find a difficult
time getting any customer service from these companies as they are notoriously
harsh and difficult to get along with.
Since ChexSystems and Early Warning Services are
bound by the FCRA, they have to remove incorrect information. However, you can
do this yourself and do not need a removal service to do this. If you are
innocent or a victim of identity theft, grab your evidence and send them the
information and be prepared to wait it out. By law they have 45 days to
investigate and they use every one of these days to get their work done. This
will be a daunting task and you will have to wait for ever and may even need to
get an attorney. But before you go to such lengths, check out a reliable site
like getbankingtoday.com for a free list of
non ChexSystems banks and credit unions
in your area that you may be able to open an account at or get a solid prepaid
offer like the unlimited plan offered by the Ready Debit prepaid card.
Why ChexSystems Removal Services are Scam
ChexSystems removal services know
that you are desperate and chances are you do not know your rights under law. So
they prey on your desperation and lack of knowledge and offer services that you
can do for your self at high prices. You either pay a flat fee (up to $500) or
money down and a monthly fee that will drag on for several months to over a
year. And the services they provide you can do yourself.
That is not the scam part. The
scam part is that if they can not dispute if off (hardly ever works since the
banks have a copy of your id and signature) they will use your power of attorney
to sign identity theft affidavits and then file a complaint with the same
company claiming identity theft. If ChexSystems or EWS investigate further, they
will see the failed dispute attempts and then the identity theft claim and smell
the rat being dropped in their lap. Once that happens, you run the risk of being
reported for filing false identity theft claims and false police reports, all
which are crimes.
bet is to stay away from these ChexSystems removal services and save your money
and avoid the possible criminal charges and get the
Account Now or find a second chance banking account at
I know this is not the option you want to hear, but it is better than losing
your hard earned money and facing possible criminal charges for something you
did not do or were not aware of.