05.23.06
overdue library books can hurt your credit
Maybe I’m just dense, but I still don’t see how this is news.
Overdue Library Books Can Hurt Credit Score
– reported by cbs4dencer.com
Local and state governments across the United States have turned to collection agencies to get money from people who don’t pay fines and parking tickets. The collection of nearly $40 billion from consumers that is owed to governments can end up hurting people’s credit score.
“An overdue library book, if it ends up in collections on your credit report, can impact you up to 100 points on your credit score,” Kim McGrigg with Consumer Credit Counseling said.
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