When I was 18 I decided I wanted to get my first magazine subscription problem is I didn't have any real income at the time and lived with my Dad. It's bad enough it was an adult magazine and I thought I was old enough to do such things and mature enough to pay the bills.
It was great I got my first issue and the bill. Low and behold I didn't have the money to pay the full year subscription so I figured I would just make small payments when I could. Well I couldn't even afford the small payments but I was sent my second issue. Life was great!
Then I got my first overdue notice and they stopped sending me my magazine. I figured I would still only make small payments and maybe just the amount for the magazines I already got. Well as time went on I kept forgetting about the bill because I was a stupid teenager with more important things to do.
Finally, I got mail from a strange company in the US. It was a collection agency! My very first bit of adult responsibility and now a collection agency was after me. It took me about a year to pay the bill that was only about $50. During this time I was given my first credit score thanks to my inability to be a reasonable adult and a US collection agency.
This low credit score has affected my credit for over 15 years now. My score is now getting to a respectable level but it made it very hard for me to get credit cards and bank loans for years and years.
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