How many cheques will the bank let you bounce ?

artbaron

Need_to_know wrote: »

You try asking someone you are very close to that question.
I am afraid to 'fall out' with this person cos I may get nothing back.

If anybody gave me two cheques that bounced I wouldn't be asking, I'd be getting. Trust me, if this person has given you more than one bouncy cheque then they have no respect for you and think you're a mug. With this in mind, you've two choices; 1) continue your one-sided friendship and forget about the money, or 2) get the money one way or another then tell them to stick it.

babymoo

I have read on here time and time again that you should only ever "lend" money out that you can afford to never get back. Harsh lesson learnt me thinks.

zzzLazyDaisy

It is unlawful to bounce a cheque. Provided the amount of the cheques is less than £5000 you make make a claim in the small claims court for dishonoured cheques. You should attach copies of the cheques to the claim and keep the originals safe as you will need to show them to the court.

Unfortunately, while you will win your case (apart from a few very exceptional circumstances, there is no defence to a claim on a dishonoured cheque) there is still no guarantee that you'd get your money, so you could be throwing good money after bad.

pmduk

zzzLazyDaisy has the right idea. By writing you a cheque they have acknowledged that a debt exists. Going to court will cost them extra and cause them problems.

To avoid throwing good money after bad you have to decide whether they can actually pay the cash. it's always easier to get money from someone who won't pay then it is to get cash from someone who can't pay. Don't worry about losing a friend. A friend wouldn't treat you like this in the first place.

xocbc

Of course, the person writing the bouncing cheques is probably also incurring bank charges of £30 a bounce on top of incurring the displeasure of the OP

R0bert_Sterling

Need_to_know wrote: »

If these cheques are going back to the bank, why doesn't the bank put a stop to it.

Maybe the bank could take his pen away...

Daft question with a suitable answer.


The only way the bank can stop cheques bouncing is to honour them.

mum2one

Sorry you have asked for help, and advice, and seem to of had some "told u so's".
From what I see, you did a friend a favour in the best possible way of lending them the money, and for whatever reason, they're writing cheques that are bouncing.

Technically they can carry on writing cheques till the book is finished, the bank may well ring them and say ur o/d please stop writing cheques,or they may send them a letter with a prepaid envelope asking for their chqbook and chq card if appliable. From the sound of your friend they will take no notice at this.

I would in the same position as you taken the 2nd chq in the hope that it went through.

Have you got any proof that you lent them the money, paper drawn up between you, otherwise it could be seen as a gift.

In hindsight its all to easy to say don't lend to a friend, but we all try to help our friends.

I would suggest that you speak to them, (even if u have to frit your teeth), and ask for a repayment plan, and that you want it in cash.

As the others have mentioned court, but if you were to win, what likely hood that they would have the cash to pay, and if baliffs went in, would their fees be charged, (just going by Baliffs repeat on tv, that they take goods the resale value if poor).
Sorry to sound like a damp squid, but it boils down to that you may have to risk the friendship in the hope that you get any money back,

In future, never lend to anyone, its hard to say no, hope you get sorted. xx

Need_to_know_4

Thank you :T

I know now never to lend folk money. It's a hard lesson to learn, unfortunately.
I have had my finger's burnt.

It's just so sad, isn't it, that someone you totally trusted can cr*p on you from such a great height and have no qualms about doing so ?



Thank you to those who have gave me supportive answers.
To the 'told-you-so' and 'stupid-question' brigade.....One day you may need a friend like me...I just hope you have a friend you can count on.
Never say never..

Zazen999

Can't you write the cheque guarantee card number on the back like they used to do in the shops?

Sucker_for_sweeties

artbaron wrote: »

Well, you - I mean, your friend - will not get your money back by trying to cash invalid cheques. I suggest a more direct approach to the person concerned, with a view to taking cash.

It's all you can do, after all at the end of the day it's them that aren't paying you, not the bank.

Using the term friend very loosely I hope.:(