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Stop The Credit Crunch Before It Starts

6:00 PM, Apr 15, 2008   |    comments
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Winston-Salem, NC -- Financial educators open up about the money problems teen face if they don't become credit smart.  Saturday, April 19 will be a day teens in grades 9 - 12 can learn more about the financial pitfalls that lie ahead.

Consumer Credit Counseling Service of Forsyth County is sponsoring "Money University - Learn How to Manage Your Money and Use Credit Wisely" from 10 am - 2pm on the campus of Winston-Salem State University.

The first 250 teens through the door at Clarence E. Gaines Center will get a special t-shirt.  Refreshments and other giveaways will also be provided.

The real offer will come from the program that gives students a hands-on educational experience to ehlp prepare them for the often confusing maze of credit and finances.

Financial Educator Shennell Thompson says on a national average kids carry $2000 - $5000 in credit card debt.

"There are more students dropping out of school because of debt than because of grades because they just become so overwhelmed that they can't handle it. They have to leave and go to work and take care of the debt that they have accumulated."

Thompson says Saturday's free program is a chance to teach students how to avoid pitfalls and how to effectively manage their money.

For more information about the event you can call (336) 837-0641.

WFMY News 2

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