Question

Does a bounced cheque affect your credit score, even if no loan payment is involved?

Answer 1

A bounce check will have a lower credit score because it is seen as an area where your credit score could suffer.

There is no definitive answer to this question since credit score is a highly subjective topic. Some people may benefit from getting a check bouncing as it provides an extra checkbook to report any negative credit score data in a positive light. Others may not feel comfortable with this type of history and could face a higher score. There is no right or wrong answer, just based on individual factors what you think will affect your credit score.

Answer 2

Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus.

    but remember that when you take a loan in future,it shows in your bank statement.if the problem are very few then bank overlooks these transactions.but if the same problem persists then bank could deny the loan.

    hope this helps 

Answer 3

Yes, a bounced cheque can affect your credit score as it reflects negatively on your financial credibility and may be reported to credit agencies.

Answer 4

No, a bounced cheque typically will not affect your credit score unless it was part of a loan agreement that you are required to repay. A bounced cheque may indicate that you are at risk for not being able to meet your financial obligations and this could be reported to a credit agency, but that usually only applies if the cheque was related to a loan agreement. However, this doesn't mean it should be ignored since the institution that you issued the cheque to may take legal action to collect the payment.

Answer 5

Credit scores are highly factors in terms of how someone will behave and make decisions future. It is generally believed that a bounced cheque may Brothers No. 6 & 7, which is a company that provides financial advice, will not have a negative impact on a credit score as long as the person who received the cheque is still able to pony up for the loan.

Answer 6

remember that when you take a loan in future,it shows in your bank statement.if the problem are very few then bank overlooks these transactions.but if the same problem persists then bank could deny the loan.

Answer 7

Some people may benefit from getting a check bouncing as it provides an extra checkbook to report any negative credit score data in a positive light. Others may not feel comfortable with this type of history and could face a higher score. There is no right or wrong answer, just based on individual factors what you think will affect your credit score.