I just sold my car to a private party from out of town. He only had checks so I took it. Now I wonder if the check is no good what will I have to do? Will it overdraft my checking acct? Will I have to sue him for the money or does the bank go after him? Is it illegal like would I get the police involved if it bounced? I am sure it won't but I am nervous now as I never took a larger personal check before...
2007-11-24 07:50:02 · 8 answers · asked by Samantha 3 in Politics & Government ➔ Law & Ethics
Don't take checks, only cash, money order, or cashier's checks. If the check bounces, it is a civil matter. You have to sue the guy.
2007-11-24 07:54:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Basically your personal check bounced. That means that at the time that the check was deposited into the receiver’s account the funds were not available from your account. It is for this reason that most businesses refuse to accept personal checks and requested that everything be paid for using money order, major credit cards, or cash. The worst thing that can happen as a result of “bounced” check is that it will be noted on your credit report – depending on the business. But, usually businesses charge fees for “bounced” checks and the fees can vary from one place to the next and usually cover the cost of inconvenience and bank fees attached to depositing the check. Although I have heard of people being taken to small claims court, I have never heard of anyone being arrested for writing one bad personal check. I would not stress it. Still, I find that I should advice you that if you ever find yourself in a situation in which this happens predate your check. This means write the check in full with the date that the money is expected to be available within your account. The receiver of the check cannot deposit it until the day written on the check. Ask if this is an acceptable form of payment before you write, though.
2016-04-05 06:48:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
don't withdraw the money until the check clears .
a bad check is a criminal matter if the person knowingly issued it , othwerwise its a civil matter and you go to small claims court if its under $2,000 dollars ( may be more or less in your area . )
In such circumstances it xcan be best to go to your bank with the guy and pay a small fee to get your bank to clear the check at once . They make a phone call to the other bank and verify the funds are there .
2007-11-24 08:25:17 · answer #3 · answered by mark 6 · 0⤊ 0⤋
It's a legally enforceable debt. The bank won't collect it for you, but if it did bounce you could sell it to a collection agency (at less than it's face value).
2007-11-24 07:53:48 · answer #4 · answered by michinoku2001 7 · 0⤊ 0⤋
Depending on the state that you live in, and the amount of the check. These two things will determine what and how to prosecute. No lawyer in is needed. Go to your local magistrates office and they will help you.
2007-11-24 09:01:36 · answer #5 · answered by True 2 · 0⤊ 0⤋
Waoooo,i'll be in the same position as you are rigth now, but dont waist your time worried as soon as you can go cash your check and hopefully evrything its just fine, great luck!
2007-11-24 07:54:43 · answer #6 · answered by la chica 2 · 0⤊ 0⤋
maybe if it bounces you could report the car stolen,.....
2007-11-24 08:04:05 · answer #7 · answered by Anonymous · 0⤊ 1⤋
idk. i never thought of that. i would contact ur bank, and if they dont do anything, get ur lawyer.
2007-11-24 07:53:29 · answer #8 · answered by Sarah 2 · 0⤊ 0⤋