If I'm overdrawn will my cheque garauntee card still work

Ryan.Maloney

Hi. I am totally overdrawn, way past my limits .. and will probably go for bankruptcy soon

I was wondering... I want to buy some storage boxes from argos for £12 - will my '£100 cheque gaurantee card' work?

I mean.. what's to stop me (or a thief) using the same card ten times in a row.. they could defraud a bank out of a grand just like that...

I'm just curious.. and confused..

sparkle197828

er probably best not to use it but my OH has written cheques knowing he is o/d the answer is yes but they will charge you for it esp if you are already o/d and know it ummm although my OH had the money going in ten days later but cheques clear about 4 days i think they still paid it out as it is £100 guarantee!

nomoneytoday

Argos will get their money, but your £12 boxes will end up being £48 each :eek:

sparkle197828

is it really worth it? being charged loadsa money for a couple of boxes?!

Emmzi

Writing a cheque with no funds to cover it is technically fraud, as far as I recall.

When I worked for a bank, it was a sackable offence. And most likelythey won't renew your card.

Don't do it!

Lord_Chris

if you cant afford it, dont buy it

it is fraud

couldnt you just borrow cash from somebody... althought you really should pay off your overdraft first.

melancholly

Ryan.Maloney wrote:

Hi. I am totally overdrawn, way past my limits .. and will probably go for bankruptcy soon

I was wondering... I want to buy some storage boxes from argos for £12 - will my '£100 cheque gaurantee card' work?

I mean.. what's to stop me (or a thief) using the same card ten times in a row.. they could defraud a bank out of a grand just like that...

I'm just curious.. and confused..

is it worth taking a serious look at your spending and trying to sort your debt out, rather than continuing to spend money with bankrupcy as the only option? there are so many people on this site who can help you make the best of your situation, rather than helping you get further into debt......

holstar

why do you need to buy storage boxes?

can you not ask around at supermarkets and shops and the like for boxes?

at work, we couldnt get rid of them fast enough...we used to cut them down (ie, but through the tape holding them together) so they coudl fit in the bins, but if anybody came round asking for them we were only too happy to give them as many as they wanted...all they had to have was a load of parcel tape...maybe that is an option for you?

jonesMUFCforever

Ryan I have read and replied to some of your other posts BUT using a cheque knowing full well you don't have funds is fraud.
What a !!!!!!!
Why don't you go to any shop and ask for cardboard boxes - they won't cost you a penny!!

Ryan.Maloney

ejones999 wrote:

Ryan I have read and replied to some of your other posts BUT using a cheque knowing full well you don't have funds is fraud.
What a !!!!!!!
Why don't you go to any shop and ask for cardboard boxes - they won't cost you a penny!!

Well then, what is the point of a cheque gaurantee card?



btw, I went round to Tesco a couple of times... at first they said they'd give me boxes just after 11pm, after the delivery.

Is this really fraud?

could I , erm, go to jail for this?

Erm, thanks.. I've been a bit silly... man I should stop being so impulsive..

melancholly

Ryan.Maloney wrote:

Well then, what is the point of a cheque gaurantee card?

to show that you actually have the account that the cheque is taking money from. your cheque book and guarentee card should never be kept in the same place (except obviously when you plan to use them!) so that it is more unlikely that they will both get stolen..............

at any rate, the card is not meant to be a way of spending money you don't have - the cheque will only bounce and you will have to pay a fee.

i really think you are well overdue a lightbulb moment about money!