I live in Iowa. I sold a car and a stove for $250. She paid me with a check that I deposited into my bank the following Monday. (She paid me on Saturday) It took nearly 2 weeks for the check to come back to my account as a Charge-Back - reason NSF. I called my bank for advice. I then took their advice and called HER bank to see if I could bring the check in to cash. No luck, not enough funds in her account.
After she finally returned my calls later that day, she told me that she would come to my house immediately following work on Friday (her payday) and pay me the cash. I know that Iowa law provides that you can recover up to 300% of the check amount, but under what circumstances? Should I just take the check to the police station? Or to the County Attorney? Will I be able to recover my property and the money? Or just either/or?
Any advice is GREATLY appreciated!
Thanks in advance.
2007-09-29 04:41:27 · 7 answers · asked by Ravyn 2 in Business & Finance ➔ Personal Finance
The police won't do anything.
Take the check to the bank that the check was drawn on. Speak to a manager. Tell her/him your situation. Ask them to pay your check the next time there is a deposit to that account. They may ask you to fill out a form (called a lien) which will stop payments on other checks written on that account until you get your money, plus any charges you may have incurred for the bad check. Be cool and they will work with you. They don't like people that kite checks. ¦<)
2007-09-29 05:00:55 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The police do Not do collections but she could be arrested for theft . She may be forced to return the vehicle or you could call a repo man about getting it back . Your police or DA should be able to advise you about repo . ( although the repo fee may cost more than your vehicle , that is a very cheap car)
File in small claims court ( your loss should fall under small claims ) and the fees are low ( usually under $50) .
You could report it to the DA also as that is most likely a felony ( certain $$$ levels are felonies ) .
Next time , require a cashiers check or do Not release the vehicle until the check clears .
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2007-09-29 05:21:06 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Sorry buddy, but you are screwed. That is how the nigerian scam is run........by you depositing a check that is not good, refunding them the difference from whatever amount you get, then keeping the balance. Usually the check bounces a few days later and you are screwed. If you ever think that a check may not be good, or even not sure, I would wait at least a week before withdrawing funds on it, maybe even longer. Contact the person who wrote the check, if they are any decent sort of person they should take of it right away for you, plus your bank charges.
2016-04-06 06:54:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Accept the cash and plus some for any cost incurred while cashing the check. If anything else go astray I would contact the police.
2007-09-29 04:50:50 · answer #4 · answered by Michael 2 · 0⤊ 0⤋
Now learn the lesson. Do not part with the goods untill you get cash or the check is cleared.
2007-09-29 06:40:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Give her a chance to make good on the bad check ask her to pay the return check fee also, if she does not make good get her for fraud! maybe small claims.
2007-09-29 04:46:37 · answer #6 · answered by Anonymous · 1⤊ 0⤋
I would recomend you turn the check over to the District Attorney's office. You MIGHT not get paid,but this person won't do this to anybody else.
2007-09-29 05:15:48 · answer #7 · answered by Anonymous · 1⤊ 1⤋