I'm a 16 year old and to be honest I have been signing up for the free issues of magazines (e.g. People) and then not paying for them. Usually I wait till the free issues end and then cancel and repeat, but there might have been cases where I just forgot to cancel.They have sent me a bunch of bills but I don't have a credit card or checks so I don't really know how to pay for them, nor do I really want to.. But lately there has been a letter from the bill collection agency. So I went to cancel it, but I'm wondering, is this going to affect my credit score later on in life?
Do teenagers even have credit scores? And how much is this going to affect me? Thanks!
Do teenagers even have credit scores? And how much is this going to affect me? Thanks!