This is a big victory for consumers and one I've advocated for years, because niggling little debts — created by
unpaid library fines, forgotten parking tickets or a small medical bill that slipped through the insurance cracks — had an outsize impact on people's scores.
Yes, it's true,
unpaid library fines and traffic tickets can affect your credit score because cities looking for revenue are sending these cases to collection agencies, which will appear on your credit report, Hobson said.
If you have
unpaid library fines and parking tickets, they could be turned over to collection agencies and end up as negative entries on your credit reports.
In some instances libraries are turning over
unpaid library fines to collection agencies which in turn, report consumers to credit bureaus.
Any late payments can hurt a credit score, including late credit card payments, loan payments, rent, utility bills and even
unpaid library fines.
Not exact matches
In order to collect more money and help ease strained local budgets, some
libraries have been sending
unpaid fines to collection agencies.
A ticket,
library fine or even utility bill can find its way to a credit report if left
unpaid.
Some cities report these
unpaid fines to collection agencies, which can cause a negative mark on the
library cardholder's credit report.
Unpaid driving violations,
library fines, or other penalties from money owed to the government will come to haunt you on your credit report.