Telecheck or Chexsystems Vs. Teletrac

Great post Sue! I think it will clear up a lot of confusion.

I know I never even heard of Teletrac until I started with Payday Loans.

Thanks, Fins!

I know, many have not heard of these databases until they run into Teletrac on a payday loan, and then it gets confusing because of Telecheck and Chexsystems.

You know the payday lending industry started Teletrac and made the name similar to Telecheck in order to make it sound the same...so people would fear it. :evil:

Thanks for the great post, Sue!! I know, not long ago there was a discussion about who did telecheck and who teletrac, this clears that up!! :D Karen

Great job Sue! This definatly should be a sticky! :D

Thanks for the clarification Sue.
8)
ladybug

Thank you for that information!! I have sent a letter to TeleCheck to see if I have any outstanding checks.

How do i contact goudah 2424 to get a list of bank s in oklahoma that don't use check systems or teletrack

You need to register and then pm her or
you can use this link to e mail her
chexhelp4u(at)hotmail.com,

Personally I would never pay off chexsystems .. ( maybe Telecheck ) unless you are wanting to do the " moral thing" paying off chexsystems will NOT remove your name from their data base and you will still not be able to open a checking account. Telecheck is a bit different

Big difference is that telecheck will remove you if paid and chexsystems will not unless the bank tells them to. Both are CRA's

According to the Federal Trade Commission they are considered a consumer reporting agency, as specified in the Fair Credit Reporting Act.

They collect, store and report consumer information relating to check transactions and bank accounts.

Also, Telecheck activities are governed by two federal laws because they collect and sell consumer information, and also collect debts.

The Fair Credit Reporting Act - for consumer information reporting.
The Fair Debt Collection Practices Act - for check collection activities.



Here is the list of banks and credit unions that may help you if you find that you are on chexsystems

http://www.debtconsolidationcare.com/banking/index.html

I have been diligently working the past month to get the 2 accts that are listed on chex systems paid off and as of monday next week they will be. I recently got married and cannot get put on my husbands checking account until these are taken care of. My question is, how hard is it to get chex sytems updated to reflect a zero balance.

Hi,
Could you please give me the list of banks that don't use chexsystems for bank applicants per your information. It stated your memeber Goudah2424 has formed this list which has been very helpful to many. I am sure it has been helpful. Thanks.

I would like to find out some information on what is wrong with my account as I did not know there was a problem with my account until I went to use it again this evening at a local store and got denied.
I would like to know how to get a phone number to talk to someone in person to find out the problem so I can correct the problem.

Can someone provide me with the phone numbers for TeleChex and Teletrac? Thanks.

I was wondering if my checks were paid

william Kellum, we are not Telecheck/Chexsystems. You have to contact your bank to see they paid your checks.

Is there a website where i can order a teletrack report for myself?

I was the victim of ID Theft which has landed me in the Telecheck & Chexsystem databases; even though I have proven to them that I was a victim of ID Theft and that I didnt even live or work in the areas the accounts where opened in my name they refuse to remove the fradulent information from their databases and as such I cant open a bank account.

I guess you have been a victim of identity theft. Have a word with an attorney in this regard and check out how you can remove your name form the Telecheck & Chexsystem databases.

Really Sticky buddy.. :)

This was a super helpful post. Thank you very much for making this info available!