Archive for the ‘cash payday loan’ Category
Can a payday loan company cash a cheque after being returned NSF?
I am interested in finding out if a Payday Loan company can cash a cheque after it has been returned by the bank as NSF. They cheque was for $500.00 and it was cashed at $100.00 increments 5 times a day, resulting in 5 NSF fees per day!
A check returned NSF can be presented again one more time.
after that it comes as a collection item. Unless the check was misencoded for the wrong amount, there is no way that a check could be presented 5 times @100.00 each. Go see your bank