Personally, I think bouncing ONE check is too many. If you're bouncing checks, you've got bigger problems than just an occasional check bouncing, because you're running too close to the edge, and in serious danger of falling off. You can set up lines of credit to cover you when you've written a check, but a check hasn't been deposited in your account yet. Plus, when you start bouncing checks, you're RUINNING your creditability with people you're doing business with, and a lot of deals are done on the weight of a handshake, followed up later by paperwork.
Hi:
Thank you for your response. I personally have only bounced ONE and that was my FIRST one ever! AND that was because my account was debited without my permission. So I do not take it lightly. BTW: the check was on personal account and NOT my business account. I do NOT plan to bounce anymore---I think you misunderstood me and thought I was making a career out of it, but your advice is well taken.
However, can anyone answer my original question?[ Edited by results_one on Date 07/08/2004 ]
I'd agree with the other poster. Any bounced checks are excessive. I've never bounced one, but I still have it setup that the bank takes it out of my savings if I do happen to be in that situation. Any bounced check is a serious problem. I don't think it affects your credit at all unless the person that it bounced for gets a judgement against you for it or something. But that is only a guess, I'm only basing that on the fact I've never seen somewhere on a credit report where it says something about bounced checks...someone else is likely more experienced on that issue...
Hi:
Flacorps, thank you for addressingf my original question. The bank paid the check for me because I am in good standing with them. THe merchant does not even know that it bounced. So I don't think that it will show up later on my account.
Wow, I never knew that ONE bounced check was such a SERIOUS problem. (I will surely burn at the stake for this one)
But since I am the ONLY one that has ever bounced one little check, I will have to take your word for it.
Hey, sorry 'bout that, didn't mean to imply you made a career of check bouncing, it happens sometimes to everybody.
I've had it happen a time or two when a check was supposed to have been deposited to cover a check I wrote, but wasn't, myself. And, like you, my bank covered it, called me and asked what the deal was, and everything was fine.
And I think you got VERY worst case scenarios as replies here, as most times, unless you DO make a career of it, what happens is you end up paying them ridiculous $30.00 fees, which gets expensive fast.
Personally, I think bouncing ONE check is too many. If you're bouncing checks, you've got bigger problems than just an occasional check bouncing, because you're running too close to the edge, and in serious danger of falling off. You can set up lines of credit to cover you when you've written a check, but a check hasn't been deposited in your account yet. Plus, when you start bouncing checks, you're RUINNING your creditability with people you're doing business with, and a lot of deals are done on the weight of a handshake, followed up later by paperwork.
Hi:
Thank you for your response. I personally have only bounced ONE and that was my FIRST one ever! AND that was because my account was debited without my permission. So I do not take it lightly. BTW: the check was on personal account and NOT my business account. I do NOT plan to bounce anymore---I think you misunderstood me and thought I was making a career out of it, but your advice is well taken.
However, can anyone answer my original question?[ Edited by results_one on Date 07/08/2004 ]
I'd agree with the other poster. Any bounced checks are excessive. I've never bounced one, but I still have it setup that the bank takes it out of my savings if I do happen to be in that situation. Any bounced check is a serious problem. I don't think it affects your credit at all unless the person that it bounced for gets a judgement against you for it or something. But that is only a guess, I'm only basing that on the fact I've never seen somewhere on a credit report where it says something about bounced checks...someone else is likely more experienced on that issue...
Hi:
Flacorps, thank you for addressingf my original question. The bank paid the check for me because I am in good standing with them. THe merchant does not even know that it bounced. So I don't think that it will show up later on my account.
Wow, I never knew that ONE bounced check was such a SERIOUS problem. (I will surely burn at the stake for this one)
But since I am the ONLY one that has ever bounced one little check, I will have to take your word for it.
Thanks!!
Hey, sorry 'bout that, didn't mean to imply you made a career of check bouncing, it happens sometimes to everybody.
I've had it happen a time or two when a check was supposed to have been deposited to cover a check I wrote, but wasn't, myself. And, like you, my bank covered it, called me and asked what the deal was, and everything was fine.
And I think you got VERY worst case scenarios as replies here, as most times, unless you DO make a career of it, what happens is you end up paying them ridiculous $30.00 fees, which gets expensive fast.