Even Libraries Use Collection Agencies

Think there's no harm in keeping a library book past its due date? Think again. When you check out a book from the library, you are borrowing it. Since that book as a monetary value, you're almost borrowing money. You check out a book with the understanding that returning the book past its due date is subject to late fees. Not paying those late fees means you owe the library money. Just like other creditors and lenders, libraries have the ability to pursue legal collection avenues to receive the money you owe.

What does this mean? No matter how small the amount you owe, if the library deems it worth pursuing, they can legally pursue the money. There's no reason a $6.00 late fee for a $7.00 book should end up in collections or on your credit report or both. If you owe someone, even a penny, pay it. You'd be surprised at the minor amounts that can keep your mortgage or student loan application from getting approved.