lent colleague money

Gigglepig

Photocopy the cheques front and back before you cash them... If they bounce, if you go to small claims court or similar you will have some proof that this person was in all likelihood supposed to pay you. So even if they bounce they may help op document that the ex colleague owes her money...

AAAAA

Brallaqueen wrote: »

i lent a colleague of mine some money

:doh::doh::doh::doh:

marisco_2

If the cheques do bounce it is the issuer of them who gets charged not the recipient. Never lend money to family or friends if you cannot afford to lose it. Always dodgy territory.

I think that peope who take advantage of a friend or family members kindness, by not repaying a loan, are really awful. I hope this gets resolved soon and that the payment clears without issue.

Macca83_2

http://www.chequeandcredit.co.uk/resources/faqs/post-dated_cheques/

for info

mysk_girl

Claree__x wrote: »

Dishonest, yes, but not to say that the bank wouldn't cash it straight away - 'cause they do.

Edit: Just to say about koalamummy's post


I've never, ever heard of this from working in banking?

It does with Lloyds. My personal account is with lloyds, as is that of Oxfordshire County Council. When I pay for my daughters school meals, the cheque cashes instantly and is marked PAY not CHQ on the statement. The record is me handing in the cheque on Friday morning at 8.40, and it clearing my account less than 2 hours later.

Gleek

Ditto with my grandad. He got a cheque from someone with a Lloyds TSB account and I paid it in for him today and it had cleared immediately in his Lloyds TSB account.

yvonne13_2

OP going forward do not loan co-workers money......You get paid the same day they do and what they spend their money on is not your concern.

I have seen this happen time and time again in work until it reaches boiling point.

You loan in a lump sum and they want to pay back in drips and drabs forcing you to chase for the money.

Claree__x

Gleek wrote: »

Ditto with my grandad. He got a cheque from someone with a Lloyds TSB account and I paid it in for him today and it had cleared immediately in his Lloyds TSB account.

Learn something new everyday

BitterAndTwisted

It might show on your statement as having been paid in to your account but may not necessarily be in "cleared funds" for you to use or withdraw. Many have unwittingly fallen into that nasty little trap.

Brallaqueen

Thanks, all. I'm going to hold off cashing the cheques and see whether she does come through with part payment at the weekend. I still have a month or two before I hit 6 months and they are uncashable. If the weekend passes with nothing I will have to get serious and legal.