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Friday, November 6, 2009

Can an unpaid library fine hurt my credit rating even though I am a minor?

The fine got turned over to a collections agency so I don't know what I should do.

Can an unpaid library fine hurt my credit rating even though I am a minor?
No--they never report to credit bureaus.
Reply:Yes, the collection agency will probably wait 120 days after it receives accounts before informing credit bureaus about outstanding bills.
Reply:No, I have a few late fees at


the library, and they are not


on my credit report.
Reply:Just pay them off you should be fine
Reply:No it won't. But most library fines have a cap of like 7 bucks.


Why don't you just go pay it? borrow it if you have to.


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