Beware of Parking fine & your library mishaps

Hi,

I read this today in a forum and man this too counts.

Fines that add up
A $30 library fine or a $75 parking ticket. Who cares, right? Well, that could be changing, says Watts.

More often nowadays, municipal governments are turning outstandingfines over to collection agencies, who have the ability to trash yourcredit rating if you don't pay up. Watts says that if a collectionagency reports you were not able to pay that overdue library fees orparking ticket, that could drop your credit rating by 100 points or more.

Cheers,
Johncy Edward
Your Trusted Credit Repair Guru

technorati tags:credit+repair