I am 21 years old. I got caught stealing a $5 cell phone screen cover from walmart. (Yes, I know it was stupid). There were no police called and the security guard kept saying that he was doing me a favor here by not contacting the police. All that happened was I gave back the merchandise, signed some papers, and got a letter saying that I will be contacted by the company's law firm. This is the last thing I need on my record. I am a good kid, at a top university looking to get into banking. What is the extent to which this can go and end up on my record? What are my options for dealing with this? How much in costs am I looking at? Note, the store was under construction and they didn't catch me on video, or in person, someone must have just noticed the empty box and me walking away.