Quizzes & Puzzles1 min ago
bounced cheque what now?
15 Answers
a friend of mine initially asked to borrow �60 from me which i lent him.he promised to pay back asap.over the last few weeks he has borrowed more and more promising 2 write me a cheque which he did.he wrote me to one from his personal account 1 from his business account both of which bounced.he has now written me one for the full amount �490 which i am gonna pay in on monday.if this bounces any ideas what to do next?sorry for such a long question.all answers appreciated
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hi, if a cheque bounces it is sometimes re-presented to the bank for payment, this usually happens if the bank can see that the money to honour the cheque will be in the account over the next few days.
However, if the bank can see no sign of the cheque being paid, they will send it back stamped "refer to drawer". If you ask them about it, the bank will tell you to take the cheque back to your 'friend' and ask for cash.
I have recently been written some rubber cheques, I'm actually waiting for another one to clear right now.
If I lent money to a 'friend' and had trouble getting it back, I'd strike them of my 'friends' list, pay a visit to their house and borrow a few valuable items from them.
However, if the bank can see no sign of the cheque being paid, they will send it back stamped "refer to drawer". If you ask them about it, the bank will tell you to take the cheque back to your 'friend' and ask for cash.
I have recently been written some rubber cheques, I'm actually waiting for another one to clear right now.
If I lent money to a 'friend' and had trouble getting it back, I'd strike them of my 'friends' list, pay a visit to their house and borrow a few valuable items from them.
People dont realise that having a cheque guarantee card (and getting even the numbers from it and name and address of card holder on back and writing card limit and even telephone number , as were required 3 years ago when i worked as a manger at pizza hut )
All of that doesnt guarantee the bank will pay.
When i was manager at another takeaway business we stopped accepting cheques.The halifax was the worts for sending cheques back for youto represent.you were charged fro doing this tho a charge of 15 quid per cheque.so pointless for a 15 quid cheque or less.
Cheques arent as safe as credit cards or debit cards
All of that doesnt guarantee the bank will pay.
When i was manager at another takeaway business we stopped accepting cheques.The halifax was the worts for sending cheques back for youto represent.you were charged fro doing this tho a charge of 15 quid per cheque.so pointless for a 15 quid cheque or less.
Cheques arent as safe as credit cards or debit cards
Ethel is correct as usual. County Court is the only way forward and the cheque is proof the debt is owed and not satisfied. You will undoubtedly get judgement but you will then have to consider if it is worthwhile enforcing it. If your friend has his own home and contents then it may be worthwhile. The CCJ registered against him should prevent him getting credit in the future (even renting a tv etc) so at least you will have some satisfaction.
If he is a man of straw, and has other CCJs already, it may be a complete waste of your time and money. Just let your mutual friends know the facts.
If he is a man of straw, and has other CCJs already, it may be a complete waste of your time and money. Just let your mutual friends know the facts.
Sorry I can`t help you, Catcuddler (wot a lovely name!) with the legal side but here`s some advice I learned from my first husband.
If you can afford to write it off always lend money to someone with the first asking. Thenafter if that debt has not been paid pack, you can in all good conscience refuse any more requests from the same person.
Good luck
If you can afford to write it off always lend money to someone with the first asking. Thenafter if that debt has not been paid pack, you can in all good conscience refuse any more requests from the same person.
Good luck