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Rip-off loan company (cheque centre.com)

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Also, not sure about stopping a cheque that has been backed by a cheque guarantee card. These will, I am sure still get paid if presented.

The cheques in this instance have been given as security. Play around with these guys at your peril.
Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
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Comments

  • MORPH3US
    MORPH3US Posts: 4,906 Forumite
    1,000 Posts Combo Breaker
    millsee wrote: »
    A cheque is a legal contract to pay for services rendered. You can read all about it here:

    The big difference here is that the OP has given the cheque as security for something, NOT as payment!
  • Hermione54
    Hermione54 Posts: 176 Forumite
    The total repayable for a loan of £200.00 over 4 weeks is an incredible £226.00 which I feel is extortionate.

    No it isn't. For this kind of sub-prime lending it is actually not bad at all. Tell your friend to pay it, put it down to experience, and learn from it. Just be glad it isn't a whole lot more.
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