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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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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Last Updated on: Fri, 8 Jun 2018