(I am asking this question for a friend of mine) What if you just stopped using it all together and you decided you just won't use bank accounts and credit cards all together, while still having an overdrawn bank account.
2007-07-17 07:19:56 · 8 answers · asked by reelperspectiv 5 in Politics & Government ➔ Law & Ethics
You will never own a home or a car or anything that you will need a loan for. The fees will start adding up (and they add up quick, my roommate over drew his account by $15 and ended up paying $500) and they will send it to a collection agency which will eventually take you to civil court and if they found out that you wrote a bad check intentionally they can have criminal charges brought against you as well. So pretty much you will be screwed.
2007-07-17 07:24:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Depends on how much he is overdrawn. If he is overdrawn a lot they bank could come back and get him for the money that he owes. That and they will report him to a nation system that he won't be able to get any type of accounts again, including credit cards, loans, etc until he clears that up.
2016-04-01 08:54:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it really depends on the situation. if you wrote a bad check that is over a certain amount you can be arrested and charged with deceptive practice, which is a felony. If you wrote a 5.00 check that got returned you will be charged by the bank an initial over draft fee and a sum of money per day because the account is overdrawn. in addition to that you will face any returned check fees the business you wrote the bad check to has in place. In time the account will be zeroed and closed, then the amount you owe will be put into collections, the collection company will then take the required actions to retrieve any loss. If you write a check on that closed account you will be going to prison for quite some time, depending on your state laws on deceptive practice. I hope your friend gets his financial situation taken care of, there is no debtors jail, but there are laws in place for people who mess around with checking accounts. good luck to him.
2007-07-17 09:02:53 · answer #3 · answered by J 2 · 0⤊ 0⤋
You can be put on "Check Systems" which will prevent you from getting a checking account for the next 7 years.
2007-07-17 07:27:46 · answer #4 · answered by Lavrenti Beria 6 · 2⤊ 0⤋
they put you in to a place called chex systems that doesnt have a human you can talk to and if you ever need a bank account you are screwed till you pay the bank you owe back or if its bad checks they can charge you
2007-07-17 07:25:13 · answer #5 · answered by Anonymous · 1⤊ 0⤋
They can mess with your credit record. Sooner or later, you will want a bank or credit card for something.
2007-07-17 07:24:09 · answer #6 · answered by Michael C 7 · 1⤊ 0⤋
They can legally hit you with some STIFF overdraft charges.
2007-07-17 07:23:50 · answer #7 · answered by Brandon 2 · 1⤊ 0⤋
It's against the law. You can be arrested.
2007-07-17 07:25:25 · answer #8 · answered by Mezmarelda 6 · 0⤊ 2⤋