How does bouncing a check?

Question

affect my credit score?

Answer 1

Not sure what country the previous responder lived in, but it's not that way in the US.

Normally, just bouncing a check does not appear on your credit reports. There are some systems that track bounced checks, and repeated abuses will land you on those lists. Stores that use them for verification may not accept your checks.

If you bounce a check, you are in debt to the person you wrote it to. If you do not repay that debt, THEN it will place you on a credit report.

Answer 2

Depends on the circumstances on why the cheque is bounced. If it is an error such as mismatch between words and figures or wrongly dated, I don't think there is any problem if you have the funds and the value issued is within your means.

If you have insufficient funds available to honour that cheque, than it will affect your creditability.

Answer 3

depends if you pay it or not.

If you pay it, and the fees, it doesn't get reported.
like it was an accident....

if you did it on purpose, and aren't planning to pay it,
you have stolen whatever you purchased with it, commited fraud. You can be sued by the poeple you gave the check to,
as well as the bank closing your account, and may not be able to open one elsewhere ( why should they trust you?)

heck, I've bounced a few over the years, my wife and I both spent without checking with the other first.

its embarassing, but its not been on my credit. ( of course, I pay them as soon as I realize there is a problem)

Answer 4

Bouncing occurs if the depositor issued a check but has no fund in the bank. The condition, once the check is issued and has not funded for several days in accordance with law, then it is actionable in court.

Answer 5

It goes into a credit report, and, will hurt your score. Causing higher interest on a loan, or, denial on a credit application.

Answer 6

It can't if you pay it. If you don't pay it, the company can send it to a collection company who in turn can put it on your credit report.