How long does a closed bank account stay on your record.

How long do i stay on chexsystems. There will be a list of accounts that have been closed by the bank as well as any money you still owe. This applies even if youve paid all your outstanding balances in full. The information stays on file for five years from the date the account was closed.

How Long Do You Stay In ChexSystems. Like most other negative information on your ChexSystems reports the record of paid liens and evictions can stay on for seven years. I just ordered a copy of my report.

The decision to delete a report is entirely up to each bank or credit union and its individual policies. But just like you have the right to dispute inaccurate information on your credit report you can dispute inaccurate information on your ChexSystems report as well. Unfortunately this may limit your options to second-chance bank accounts and prepaid debit cards.

Bankruptcies however can remain on both your credit reports and your ChexSystems reports for up to 10 years. You must be 18 years of age or older to submit online requests to ChexSystems. This means that in most cases they cannot report negative info over 7 years or bankruptcies that are over 10 years old.

If they confirm that information is wrong or incomplete theyre bound by federal law to correct it. Google tells me that inquiries on Chex can stay on your report for up to 3 years. How long do inquiries stay on Chexsystems report.

Keep in mind that you can also pay off any outstanding fees or arrange a settlement with the bank to help you remove these records from your ChexSystems report sooner. ChexSystems and your financial institution must research the dispute within 30 days. Every twelve months you may request the free report from ChexSystems by clicking on the Free FACTA Report link on the ChexSystems homepage.