Bad Check

If there is one thing you want to avoid doing when you first start out with your own money and your own credit is writing a bad check. Though you may get it cleared up quickly and it barely registers as a blip, there can be huge problems if you let it hang. It’s never a good idea to bounce a check thinking you can cover it when you get paid. It’s a vicious cycle. You may cover it, but you also have the fee to contend with, and this just leaves you short week after week. It is never a good idea, and you don’t want to be caught in that cycle if you can help it.

A bad check usually reflects very badly on you, but it will be even worse if you do it over and over again. You may lose your checking account privileges if you do it too often. Sure, the bank makes money when you write a bad check – as long as you pay it off as soon as possible – because they collect a fee from you. However, if you don’t pay the check when you are supposed to, there can be other fees, and they might get tired of dealing with you. You may also find that merchants who have had a bad check from you in the past will stop taking checks from you altogether.

If you write a bad check and don’t pay on it, you can end up in big trouble. If it’s a small amount you won’t have too many problems, but they will track you down and you will have to pay for it. If it’s a larger amount, however, you can be facing legal action, and you can damage your credit for the long run. It is never worth it. When you write a bad check you are pretty much saying that you aren’t reliable or trustworthy, and that’s not something people forget very easily.

If you need something, but don’t have the money for it, you have to figure out if you really need it or not. Though I have seem moms write a bad check for diapers, there has to be another way to get what you need. If you just write a bad check because you want something that you could easily do without, you should stop yourself and get a handle on your spending and your ideas about what is important. You may get that new sweater now, but in the end it’ll be a mortgage that you don’t get. It’s not worth it.

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