Tuesday 12 April 2011

AFFIRMATIONS & CORRECTIONS

'Affirmations are deposits. Corrections are checks that you write against the balance in the account. If you write too many checks in relations to deposits, your checks bounce - they're no good. It will take additional deposits to restore your credit. And if the pattern of writing bad checks continues, you'll not only face overdrafts and fees and penalties and bounced checks that don't buy anything, but your account may be frozen until you get serious about putting things in the black. Your checks may be refused at certain businesses, regardless of your restored balance with the bank. These establishments may no longer wish to do business with you; your record with them is too problematic. And if your pattern of writing bad checks continues, you may be arrested and removed from circulation altogether.'
Sam Crabtree, Practicing Affirmation, p.52.