ChexSystems ReportingWhat Happens if You Write a Bad Check?
Readers often ask what happens if you bounce a check. Will it affect your credit score? The answer is no, but you should still avoid writing rubber checks. ChexSystems tracks and reports people who have had trouble in the past, and some banks will deny you an account if ChexSystems has bad information on you. If you’re bouncing checks, consider balancing your checkbook regularly and see if alternative payment methods would help any. • 8 Reasons to Never Write Checks Why Banks Use ChexSystems Banks and other organizations don’t like it when you write bad checks. In order to discourage you, they typically have hefty fees and policies to keep this behavior to a minimum. Sometimes these are referred to as “overdraft protection plans“. Since deposit accounts – like checking acc
