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Check Guarantee Services
Check guarantee services are businesses that guarantee the checks that a creditor receives from customers will clear. Some of the better known check guarantee services include: Cross Check, E-Z Check, and Insta-Check. If a check is returned unpaid by the issuer's bank, the check guarantee company is responsible for collecting on those return checks - and for paying the seller whether the guarantor is able to collect from the party issuing the check or not. These services typically guarantee to pay the creditor/client company for all bad check and returned checks except for stolen and forged checks.
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