Will this speeding ticket ruin my credit?
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I got a speeding ticket 5 months ago. I neglected it and paid it only 2 days ago. Now I’m worried that it may appear on my credit report and ruin my credit. Thank you
Most likely – it won’t…
speeding tickets (like so many other unpaid bills) do not simply appear on credit reports. While being late on you credit card payments, car loan or mortgage will show immediately on your report, unpaid bill will only appear there if they have been sold to collection.
Usually, it takes about 6 months for unpaid bill to be sold to collection, so since in your case only 5 months have passed, mu guess is that it didn’t went to collection yet. However, you may need to pay more late fees. Pay them on time…
Keep the payment receipt forever. Even make another photocopy of it. In case that your ticket had gone to collection and will surface in the future, you’ll be able to dispute it. You’ll need that payment receipt.
Best regards.
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