Traffic Fines and Credit

How Cities Are Getting Fines Paid

Rot in hell before I pay this fine one day before I have to. How many times have I said that? Too many times, and learn from me – you should not wait either. That wonderful or nasty thing called credit issued by the nebulous forces that be are becoming even more important in our day to day lives. Just about everybody knows lenders will check your credit score for a mortgage, car loan, credit card. Now hold on to your rocking chair because what’s coming up may be unsettling. Consumer Reports has documented that auto rate insurers are getting on board with huge discrepancies between the top scores and lower scores. What does that mean for you? If you have excellent credit, you can save yourself 30 % off your costs. If you have poor credit, your options may become increasingly limited without giving your credit score. All State is currently one insurer that does not require a credit score if your score is nothing too great.

So, back to the original point, how does that relate to my traffic fine? In an effort to get outstanding traffic fines paid up, cities are increasingly seeking outside collection companies to help deliquent accounts be brought up-to-date. Translation: If you don’t pay up your fines, a collection agency will help you, and their not too pleasant remarks will show on your credit report and lower that fancy credit score, which can cost you more on car insurance and other things. Expletive!