Hey, think back to the days when your parents always wanted to know what you were doing? Your parents were nothing when it comes to the way credit bureaus are going to track you for the rest of your life.
Your parents forgot a mess-up after awhile. And they probably were usually willing to forgive and forget.
But credit bureaus keep records of everything you do when it comes to money—for seven to ten years. Credit reporting agencies forgive and forget nothing easily.
Tough Stuff... Need a break? Click on the picture on the right.