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    togo1982's Avatar
    togo1982 Posts: 7, Reputation: 1
    New Member
     
    #1

    Oct 7, 2009, 05:51 AM
    Does ChexSystem share information
    When opening a checking account at a local bank, they run your name/SSN through ChexSystems. I am told this system only contains information pertaining to past checking and/or savings accounts and if you have a history of overdrawing such accounts or closing an account with a negative balance. Is this system also available to creditors searching for those who may have judgements against them in hopes of locating a checking account to seize? What type of sharing of information does the ChexSystem do?
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
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    #2

    Oct 8, 2009, 05:18 AM

    They do. ChexSystem works like many other credit reporting systems.

    However, there are easier ways... your accounts are opened with a SSN and your judgment is tied to that SSN... so unless you violated homeland security laws in giving a false SSN, your accounts will be found.

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