Balance Your Checkbook - A Vital Habit To Develop Bounced checks can have an adverse effect on your credit score, depending on the reporting policies of the financial institution involved. I think that we can all agree that spending a little time with your calculator and checkbook beats the daylights out of dealing with bounced checks, the not so insignificant fees associated with them and the deleterious effect on your credit rating. You’re in...... Similar Editorial : by Liana Metal. | Source : High Savings Interest Rates