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If you've received a bad check, it can be frustrating and stressful, but there are steps you can take to resolve the situation and get your money.
First, it's important to contact the person or business that issued the check as soon as possible. Send them a letter or email explaining the situation and requesting that they make good on the check. It's also a good idea to include a copy of the check and any supporting documentation, such as a deposit slip or invoice.
If the issuer doesn’t respond or is unable to pay, you may need to take legal action. Consult an attorney or your local small claims court to learn about your options and the process for filing a lawsuit.
In the meantime, you can also take steps to protect yourself from future bad checks or check fraud. For example, you can ask for a cashier's check or money order instead of a personal check, or require that new customers pay a deposit or provide a credit card number. You can also use check verification services to check the validity of a check before you accept it.
Crafting a bad check notice that effectively communicates to a client can be a tricky task. It’s important to convey the gravity of the situation, yet maintain a professional and polite demeanour.
Subject : Bounced check due to insufficient funds in the account
Dear (Mr/Mrs. Etc.),
We are sorry to inform you that (name of bank) have returned your last check payment to us.
We have been advised that the reason being that there are insufficient funds in your account to cover the payment amount of ($550.00), check number (0001937).
In order for your account to remain open with us, we kindly request that you find an alternate method of payment within the next 72 hours.
Due to the circumstances, we are only able to accept payment via a money order, banker’s check, certified check, or should you prefer to pay over the phone via credit card, please call our dedicated late payments telephone line on (309-39580320) where someone will be able to assist you further.
We understand that there may have been a bank error in which case, we sincerely apologize for any inconvenience caused and would appreciate if you would please call us to explain and proceed with payment immediately.
We wish to endeavour to keep your account within good credit ratings now and for the future.