We bought a vehicle in March and wrote a check for $5000 for the down payment. The dealership said they would hold the check for 30 days so we could request the money from our retirement fund. We were only able to pull out about $1000 so when it came time to deposit that check it was going to bounce. I called the company that guaranteed the check, National Check Trust, and they told me to place a stop payment on the check. I did. Then about 2 weeks later they started calling wanting the $5000. I still don't have that much and am wondering what, if any, legal issues they can bring against me. I want to pay, I just can't pay $5000 all at once. Please answer only if you know an answer for sure. No, "Your going to jail... I think," answers please. I really appreciate it.
2007-06-04
04:43:37
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4 answers
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asked by
arielle7704
1
in
Law & Ethics