Does a bounced cheque affect your credit score, even if no loan payment is involved?

1 Answer

Answer :

Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus.     but remember that when you take a loan in future,it shows in your bank statement.if the problem are very few then bank overlooks these transactions.but if the same problem persists then bank could deny the loan.     hope this helps

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