what would happen tho

I might go to one of them companies that loan money to people, but make u fill out a check for them to hold.

What if u dont pay them back and they try to cash your check but u have no money on your bank account neither?

I got a checking account at wells fargo, how much would that like lower someones credit or what.

kabuto wrote:

I might go to one of them companies that loan money to people, but make u fill out a check for them to hold.

What if u dont pay them back and they try to cash your check but u have no money on your bank account neither?

I got a checking account at wells fargo, how much would that like lower someones credit or what.

That's how checks "bounce."

and that's.. bad on your end and you can get fucked... in the end.. read below what exactly will happen
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First, bank that bounces a check will assess you a fee. Second, the other person's bank may assess them a fee for depositing a bad check; you are responsible for reimbursing them. Some banks charge $30-$50 as a fee, even for small checks. If they turn the check over to a collection agency, more fees may result.

Now the legal points. When you write a check, you are making a representation that the funds are in your account. If they aren't, you have committed a "fraud" or a "deceptive practice", depending on the laws in your jurisdiction. The penalty, like how much jail time, usually depends on the amount of the check.

Now for real life. The prosecutor will assume that it is a simple mistake and not prosecute you unless and until you have been give the opportunity to make it good and still have failed to do so. But, in the end, fines and jail are a very real possibility.

In addition, the unpaid fees can go on your credit bureau report as a bad debt. And, if you do this often enough, the bank can close your account and put you on a banking industry black list of troublesome customers.