For instance even small stuff such as an unpaid $25 library fine or $50 parking ticket can inflict a painful reduction on your overall credit score. Today, most municipal and city governments are turning to collection agencies to salvage unpaid bills, especially if your dilly-dally on repaying them. For example, if a collection agency reports that you weren't able to pay overdue parking tickets or library fines, this could make your credit score drop by as much as 100 points. Ensure that you pay your library fines or parking tickets on time, because you won't know when they send these bills to the collection agencies. So small mistake of you, done a big reduction of your credit score. Be honest always that the key.
