It’s hard to believe, but it’s been six months since BP’s devastating oil rig explosion and subsequent leak took place. Although the oil was contained some time ago, the incident is far from resolved.

According to USA Today, scientists and government officials are still tallying the number of injured and dead wildlife and documenting the damage to shorelines and marshes. They say the work to fully restore the area could take years.

Lingering problems such as the oil spill remind me of credit. It takes hard work and discipline to build and maintain a good credit rating. But what happens when we have an emergency or don’t quite understand how credit works, and we find ourselves with bad credit, debt collection notices or even bankruptcy?

If those things happen, they tarnish our reputation, and not just briefly. They linger for a long time, making it hard to clean up. And if we aren’t cognizant of the long-term effects of these negative actions on our credit, we could find ourselves mopping up the damage for much longer than we expected.

To get tips on how to prevent mopping up your debt-related mistakes, read on for my top 10 favorite personal finance blog posts from the past week.

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