Should I keep the money!

OUT OF HOURS BULLY'S TRUCKSTOP BAR (INTERACTIVE)
1

Just been sent a cheque from my old leccy supplier for over £1200 quoted as 'missapplied funds" with no other explanation.

Could be that I have overpaid by £1200 over the 4 years I had been with them, but I don’t want to call up for them to say ‘oh sorry, our mistake’

Now, if I cash it and it turns out they HAVE made a mistake, can they take it back or is it tough luck, be a bit more careful next time.

And how long is a cheque valid for after issue date. Might sit on it for a few months to see if their system flags an error.

2

Cash it and enjoy it :smiley: :smiley: :smiley:

3

Squiddy:
Just been sent a cheque from my old leccy supplier for over £1200 quoted as 'missapplied funds" with no other explanation.

Could be that I have overpaid by £1200 over the 4 years I had been with them, but I don’t want to call up for them to say ‘oh sorry, our mistake’

Now, if I cash it and it turns out they HAVE made a mistake, can they take it back or is it tough luck, be a bit more careful next time.

And how long is a cheque valid for after issue date. Might sit on it for a few months to see if their system flags an error.

are you for ■■■■■■■ real, cash it in, if they have made a mistake then tough ■■■■ to them! the amount of money they make off everyone !

■■■■ em and spend the lot on prostitutes drugs and kebabs, then squander whats left!

4

Squiddy:
And how long is a cheque valid for after issue date. Might sit on it for a few months to see if their system flags an error.

Depends on the bank, some don’t accept cheques that are more than 6 months old, my bank it’s a year. Cheques actually remain valid for 6 years, same as the period a debt is deemed to be enforceable.

5

Put it in a high interest savings account and sit on it for a while - at least then if you have to pay it back you get to keep the interest.

W.

6

Lee G:
are you for [zb] real, cash it in, if they have made a mistake then tough [zb] to them! the amount of money they make off everyone !

Yep just realised I was being mad. Going to do what PilotWolf says and stick it in a high interest account or ISA. Better I get the interest on it instead of it going towards a fat cats bonus

7

Got a tax rebate recently. However I forgot about it and let it go past 6 months. My bank wouldn’t cash it, so I had to have it re-issued. That took a month! :unamused:

8

bigvern1:
Got a tax rebate recently. However I forgot about it and let it go past 6 months. My bank wouldn’t cash it, so I had to have it re-issued. That took a month! :unamused:

Just done exactly the same thing…found a cheque the wife was sent from Tax Office, it was issued 9 months ago. Was only for £11.32 though.

As regards the leccy company cheque …do as pilotwolf says. Or spend it.

9

Coffee,
I thought the statute of limitations was 7 years?

10

raymundo:
Coffee,
I thought the statute of limitations was 7 years?

payplan.com/debt-library/joi … t-1980.php

Should the creditor fail to maintain contact with the debtor, for a period of 6 years or more, it is possible to claim that the outstanding debt is “Statute Barred” under the conditions of the Limitations Act 1980.

11

Thanks Coffee,
Wish I’d known that a few years ago then I could have saved 12 months of crappin mesen every time there was a knock on the door.

12

So I only need to constantly change address and jobs and ignore all demands for the next 6 years and the £1250 is mine to keep?

13

As Coffee rightly corrected me I think you will find if the creditor has not contacted you to get his money in 6 years then you can say ‘‘Thanks very much’’. But if it wasn’t really yours in the first place you may well have obtained a ‘pecunary (■■) advantage’ and thats against the law and there is no statute of limitations on that, unless you’re a politician. As for doing a runner I dont think that would excuse you either.

14

Keep it and enjoy it :smiley: if its there mistake then it is there problem not yours :laughing:

15

Whatever you do, keep the note that came with, then spend the ■■■■■■■ lot. Still I s’pose they might cut yer lights off. :slight_smile:

16

Paid the cheque in to my bank account monday. Five minutes ago the door buzzer went. Didn’t answer it. Peeked out window and saw an EDF man filling in a form then driving off. Got a feeling I’m going to be ■■■■■■ over for their mistake.

You overpay them and they don’t give it back for 4 years so they can reap the interest on it. They overpay you and they come down like 44T of bricks after 2 days. And the only way to lodge a complaint against these corporations is by email or automated phone message.

I can’t help but feel that if the home address of the CEO of every corp or organisation was printed on the bottom of bills that the world would be a nicer place :angry:

17

But maybe he was there to give you another cheque cos the first one wasn’t enough. :slight_smile: