Bouncing cheques. How many are you allowed ?

Need_to_know_4

I ask as someone who has had several cheques, which have bounced, from a 'friend' I loaned money to...
I am not alone.
This person has been dishing out 'bouncing' cheques all over the place.

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

I really do need advice on this. I'm out of my depth.

Thank you for reading.

NTK
:mad:

chrisaj

I think you'll find it's classed as fraud to write a cheque out knowing there's not enough funds in the account. The bank probably won't mind as they're earning money for the privilidge

kurgon

They get charged for each cheque that is presented but they are probably not worries about that as I doubt they are using the account. They can carry on using the cheques until they have run out, and I doubt that the bank will send another set. I think that bounced cheques can be re-presented 3 times but not completely sure on that. If the 'friend' is no longer as 'friendly' you can refer the matter to a debt collection agency who will take a cut of the debt to collect it for you....

Need_to_know_4

Thank you for your replies.
Really appreciated :T

NTK

Mankysteve

kurgon wrote: »

If the 'friend' is no longer as 'friendly' you can refer the matter to a debt collection agency who will take a cut of the debt to collect it for you....

Problem is you may find it difficult to get a judge to decide in you favour. Look up Intention to create legally relations. Did you get in writing that it was a loan?

laurel7172

Actually, if I understand it correctly, if you bounce a cheque you can't then legally claim there's no debt. You've admitted it by writing the cheque. The question is whether the cheque is for some of the loan or all of it. If you could get the "friend" to write a cheque for the full amount, even if it bounces, you're then in a position to enforce the debt.

Keep smiling and understanding for just a little longer....

zzzLazyDaisy

There is no requirement to prove it was a loan, as the claim would be for a dishonoured cheque under the Bills of Exchange Act.

https://forums.moneysavingexpert.com/discussion/2440729

OP I suggest you ask a board guide to merge your threads

Daisy

Need_to_know_4

zzzLazyDaisy wrote: »

OP I suggest you ask a board guide to merge your threads

Daisy

Good idea..

Can I ask any guide reading this to do so please ?
Many thanks.

I have nothing in writing. It was a loan to a friend who was in deep poo.......or so I was led to believe.

PeteMc

Shame your friend isn't in France using a French cheque book, as he'd be terrified when he dropped the soap in the showers by now :eek:

dzug1

Need_to_know wrote: »

.

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


NTK
:mad:

How would the bank put a stop to it? As long as he has cheques to write there is nothing they can do apart from bounce them when they get them.

Storck

They could always ask for his unused cheques back. When I used to work at Yorkshire Bank we used to send letters out on a regular basis to people who had a lot of bounced cheques asking for their cheque books back. We also used to put a stop on their bank cards so they would get in touch and not just ignore the letters.