Forgery Laws Forgery Laws and Penalties The penalty for forgery, counterfeiting or, altering documents and instruments often varies according to the type of document altered, with important government documents at the top of the penalty list. Share on Facebook Forgery also known as "uttering a false instrument" is a serious offense, punishable as a felony in all fifty states and by the federal government. Forgery involves the making, altering, use, or possession of a false writing in order to commit a fraud. It can occur in many forms, from signing another person's name on a check to falsifying one's own academic transcript.
Unfortunately, even one financial mistake writing a rent check as filing for bankruptcy or going through a foreclosure can have a serious impact on your credit score for years to come. As a result, you may have a hard time getting approved for loans, credit cards, and even apartments down the road.
While there is no "quick fix" for a bad credit score, there are some steps you can begin taking to repair your damaged credit over time without spending any of your hard-earned money on credit repair or debt consolidation services.
These are practices that will also set you up for greater financial responsibility throughout life. Know Where You Stand Start by simply knowing where your credit score stands and what's impacting it.
When was the last time you pulled a copy of your official credit report? This can be done through any of the three reporting bureaus Experian, Equifax, or TransUnion.
Your credit report may look a little daunting at first-glance, but ultimately, it's really just a breakdown of all your open and closed credit accounts and their standing. Take time to sift through your accounts to make sure the reportings are accurate.
If you don't recognize an account, this could be a sign of fraudulent activity that needs to be investigated further. Make Timely Payments One of the most important aspects of your credit score is your payment history. Simply paying your account balances on time is the single best thing you can do to improve your credit score over time.
Of course, this can be easier said than done, especially when you fall on hard financial times. If you're ever in a situation where you know you're unable to make a required monthly payment, it never hurts to reach out to your creditor and ask for an extension on your due date or some other accommodation that will prevent your late payment from showing up on your credit.
You may be surprised at how willing some creditors are to work with you and protect your credit. Think Before Closing an Account Once you've paid off the balance on an account, it might seem logical to close that account--especially if you don't have any plans to use it again in the future.
Before you close an account, however, consider how doing so may affect your credit. If it's an account that has been in good standing and that you've had for a long time, closing it may actually harm your credit because it will essentially delete your great payment history and bring down the average age of your accounts which affects your credit score.
For example, if you just paid off the balance on a credit card that you've had for 10 years, it will actually be better for your credit score if you keep the credit card account open rather than closing it. Furthermore, using the credit card for a couple of small purchased each month and then promptly paying off the full balance when it's due will continue to improve your credit.
Keep Utilization Low Have you ever heard of a credit utilization score? Essentially, this refers to the percentage of your available credit that you're actually using at any given time.
Just be sure that if you opt for the latter option that you won't be tempted by the higher credit limit. Open New Accounts Wisely Any time you're thinking about applying for a new credit account, be sure to consider how doing so could affect your score.
Every time you take on more debt or open a new account, your credit is going to take a hit. That's because hard inquiries must be made in order to open these accounts.
With this in mind, you'll want to avoid opening multiple new accounts in a short period of time--and you should always do your research before applying for any form of credit so as to avoid unnecessary inquiries. Opt Into Rental Reporting Paying your rent on time can improve your credit score, but only if your rental payments are actually being reported to the major bureaus.
You can check with your property management company to find out whether or not this is the case. If not, you can manually opt into rental reporting by paying your rent online with VerticalRent.
From there, each rental payment you make will reported to Experian RentBureau and thus build your credit. When you have no credit history or a poor credit score, it may seem impossible to improve things.Apr 18, · After a check bounces, your landlord can require you to pay your rent in cash.
If this changes your rental agreement, it can't take effect for 30 days, so . When you write a check, it’s best to have the funds available in your checking account and assume that the money is gone as soon as you make the payment.
That said, in most cases, the check won’t clear for several days (or longer), so you may wonder what to expect after you write a check. Nov 19, · I've recently been writing checks to pay my rent, for several months now.
I'm aware that there's no set "precedent" for when checks will clear, however the pattern I've experienced in writing checks to this apartment, is that checks usually take at least two business days to clear.
Check fraud specifically may involve signing another person’s name to a check, forging a signed endorsement or signature on a check, altering the writing on a check, constructing a fake check, or purposely writing bad checks to merchants.
Check fraud laws may also vary state to state. Check with the Home Office if the tenant is a Commonwealth citizen but does not have the right documents - they might still have the right to rent in the UK. Letters to Advise Customer of a Returned Check This package contains: 1. Instructions & Checklist for Writing a series of Letters to Advise Customer of a Returned Check 2.
Letter to Advise Customer of a Returned Check (1st Occurrence) 3.