Will Bouncing a Check Damage My Credit Score?

A bounced check may or may not directly affect your credit score, but it certainly can damage your financial standing in several other ways.

Banks do not report bounced checks to the major credit bureaus, so a bounced check won’t show up on your credit report from Experian, Equifax or Transunion, and won’t hurt your credit score.

A Bad Mark

You can find out if your ChexSystems report contains any negative information about you by ordering a free ChexSystems Consumer Report. Under federal consumer protection law, you can obtain one free report every 12 months.

As with a credit report, you can dispute any information you think is incorrect, and you may be allowed to submit a statement for your file presenting your side of the dispute.

Another Bad Mark

The Legal Risk

The collection agency may report your unpaid debt to the credit bureaus, damaging your credit score.

If you immediately deposit enough money to cover the bounced check, the bank will not send your account to collections and the bounced check will not affect your credit score.

The Risk to Your Credit Score

In this case, it would show up on your credit report as a late payment, not a bounced check. If you correct the problem within 30 days of the payment due date your creditor won’t report your account as past due and your bounced check won’t affect your credit score. 

Purposely Writing a Bad Check

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