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cfimei · Mar 24, 2007, 05:27 PM

There's a few ads on the net from company's stating they can trace any bank account anywhere in the US. I just don't see how it's legally possible let alone technologically possible. I know a judgement creditor could obtain a copy of the defendants ChexSystem file which might show bank enquiries indicating possible active accounts but those enquries don't stay on file for more than 3 years.

So unless you've opened a bank account within the last 3 years is it really possible to trace any and all accounts no matter where they are in the US?

excon · Mar 31, 2007, 07:56 AM

Hello cf:

Who told you that ChexSystems doesn't keep records beyond 3 years? I'll bet it's not so. Why would it be? Don't you think their customers would want a bigger picture? I think they would, and I think they get it.

Do you think there's a law that calls for that?? Where might I read such a law?

excon

RubyPitbull · Mar 31, 2007, 02:04 PM

Originally Posted by cfimei

I just don't see how it's legally possible let alone technologically possible.

1. Technology: computers (although not in the form as we know it today) have been around since prior to WWII.

2. Information: where do you think ALL of our information is stored? See item #1 above.

3. Legally: Can you say, Big Brother is watching you? See items #1 & #2.

I can think of a few ways the government makes additional monies besides taxing our arses. Hmm, one way could be, say, leasing access of certain databases to tracing companies.

TxSky · Apr 19, 2007, 03:00 PM

In my state, credit information stays on for almost 7 years.