20, 09 07 13:35 Filed in: What's New
Attorney Melchionne recently spoke to a class of Freshmen and Sophomores at Quinnipiac University about credit scores, credit reporting, credit card abuses and the dangers of collection agencies. Using excepts from the movie, Maxed Out, he explained that pizza, sneakers and iPods bought on credit can lead to financial problems in the future. Hearing about responsible spending, the students learned about credit scoring, collections, lawsuits and judgement resulting in the garnishment of income or foreclosure of homes. The U.S. Bankruptcy Court for the District of Connecticut sponsors the C.A.R.E. Program teaching high school and college students about the dangers of uncontrolled spending and credit cards. C.A.R.E. stands for Credit Abuse Resistance Education.