Watch Me Wednesday: Do Bounced Checks Affect My Credit Rating?
Posted By Jacoby & Jacoby on Aug 25, 2010 5:50am PDT
Matthew McKillen, eHow presenter, speaks about how bounced checks affect a person's credit rating by keeping local banks from lending money to the individual. Bounced checks may also lead to the debt being sent to a collection agency, which will negatively affect credit scores. Matthew’s advice: avoid years of higher interest rates by not bouncing checks.