49% would be less interested in dating someone with credit card debt Source: NerdWallet Psychology of Debt survey of 2,000 adultsRead More
Life On Hold Because of student loan debt 1 in 5 have put off marriage while 25% delay starting a family Source: American Student Assistance 2015 “Life Delayed” survey of 1,934 student borrowers ages 18-30Read More
Jefferson County Public High School (JCPS) seniors meet with legal professionals in the classroom to learn responsible use of credit through the CARE program. The Missouri and Kansas Bar Foundation and the Louisville Bar Association delivered Credit Abuse Resistance Education presentations at 18 JCPS schools on March 19 and 20, 2014. This year, the program […]Read More
Designer clothes, cell phones, computers, iPhones, iPods and all the latest X-Box games – these and many other luxuries are within your easy reach, if the television, Internet and magazine ads are to be believed – and, if you have that most convenient of all payment devices, that piece of plastic called a credit card.
Unfortunately, more and more young people in high school and college in the U.S. are falling prey to the powerful allure of credit cards. Even more unfortunately, many teenagers and young adults run into serious financial troubles even before they have established themselves in a job because they have not learned how to manage their money or their credit cards.
Higher interest rates, rejected student loan and financial aid applications, lost scholarships, inability to rent an apartment, lost jobs, abusive calls by debt collectors, bankruptcy, divorce – these are just some of the consequences of the misuse of your money and your credit cards.
Judges, lawyers, personal finance teachers and counselors see the awful consequences of credit card abuse and financial mismanagement on a daily basis. They see the lives that are wrecked or damaged by money problems, especially credit card abuses. In the hope that many young people can avoid these problems, lawyers and bankruptcy judges in Missouri and Kansas have joined together to develop the Credit Abuse Resistance Education (CARE) program. We encourage you to participate in the program and learn all you can about managing credit card and other debt.
What you learn could put you in control of your financial affairs and save you much pain in the future.
Honorable Cynthia A. Norton, Chief U.S. Bankruptcy Judge, W.D. Missouri
Honorable Janice Miller Karlin, Chief U.S. Bankruptcy Judge, Kansas