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Can an overdue library book dip my credit score?

Asked on Sun, 06/28/2015 - 23:42
Anonymous (not verified)

I have not returned a book to the library. They have slapped me with a penalty. Will it make any impact on my credit score?

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Submitted by Abbie Miller on Mon, 06/29/2015 - 00:04

It can drop your credit score if the library reports the fine to the collection agency. Collections are reported to credit bureaus and these will remain on your credit report for 7 years. How much have they charged you? If the amount is really less, then it may not be assigned to the collection agency.

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