Understanding Chexsystems Part 3

What is a common misconception about Check Systems?

• It is only for credit unions.

• It is only for banks.

• It does not include loan information.

• It does not include personal information.

What new types of information are now included in Check Systems?

• Credit card transactions

• Only bank transactions

• Utility bill payments

• Loan information and payday advances

How many pages was the report the narrator recently pulled?

• 20 pages

• 12 pages

• 10 pages

• 15 pages

Where can you find the consumer disclosure report?

• In the inquiries section

• In the correspondence section

• In the consumer score report section

• In the security freeze section

What is the benefit of electronic delivery for correspondences?

• It is more detailed

• It is faster

• It is cheaper

• It is more secure

What is the range of the consumer score system?

• 100 to 899

• 100 to 500

• 200 to 1000

• 0 to 100

How long does it take to generate a consumer score report?

• 1 to 24 hours

• 3 to 72 hours

• 2 to 48 hours

• Instantly

What is required to place a security freeze on Check Systems?

• A written request

• Answering questions about financial history and creating a PIN

• A phone call

• Visiting a bank

What can you do once a security freeze is set?

• Only place the freeze again

• Lift the freeze, place it again, and change the PIN

• Only change the PIN

• Only lift the freeze

What happens when you try to dispute information online?

• You are redirected to another website

• The dispute is rejected

• You are asked to call a number

• The dispute is processed immediately