question category: Banks

If the Bank that gave you a loan out of the blue sends you a cheque for a months over paymen
Submitted on: 20th Oct 2009 by Non-Member | Total Answers: 1

If the Bank that gave you a loan out of the blue sends you a cheque for the same as your monthly payment. Why would they do this. There is little chance of me over paying (defaulting yes but not over payment) and do I have to pay it back (Yes is the only honest answer to that) but by law do I have to?

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Re: If the Bank that gave you a loan out of the blue sends ...

I'll have to assume you mean you need to know why the bank that gave you a loan has now sent you a cheque out of the blue.

The only reason i can think of is overpayment - check if they have taken a double payment for example.

I suppose there might be other payments such as the refund of a fee or insurance - but surely they would have told you about it.

Only the bank can give you a definitive answer.

Submitted on: 26th Oct 2009 by Darren Member

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