Concord University News
For Immediate Release: 
Oct 18 2007

CONTACT: Tammy Monk, Director, Career Services

Free 90 Minute Class at CU: Credit Abuse Resistance Education—Wednesday, October 24

Athens, W.Va. – A free class on the dangers of credit abuse will be held Wednesday, October 24, 2007, at 7 p.m. in the Ballroom at Concord University. Matthew Hayes with the Bankruptcy Court for the Southern District of West Virginia will be teaching the class.

The 90 minute C.A.R.E. (Credit Abuse Resistance Education) program, adopted by the West Virginia State Bar and endorsed by West Virginia Bankruptcy Judges Ronald G. Pearson of the Southern District and Patrick M. Flatley of the Northern District, seeks to provide financial education and awareness to young adults, primarily high school seniors and college students. Founded in upstate New York, in November 2002, the C.A.R.E. program has been adopted by and now is offered in 45 states and the District of Columbia.

Tammy Monk, director of career services at Concord, stated that, “In doing research in preparation to host this program, it is quite apparent that we need to be concerned about the debt our young people are accruing today. Statistics say that 60 percent of students share that they have never had a meaningful conversation with their parents about finances and 43 percent of Americans say they spend more than they make.” There are a plethora of statistics out there that show trends such as dramatic increases in young people under age 25 filing for bankruptcy and debtors in bankruptcy court having over 15 credit cards with debt that may triple their annual income.

For more information about the C.A.R.E. program, contact Matthew J. Hayes, chief deputy clerk, United States Bankruptcy Court for the Southern District of West Virginia, 1-304-347-3084 or


CONCORD UNIVERSITY NOTES: Persons with disabilities should contact Nancy Ellison, 1-304-384-6086 or 1-800-344-6679, extension 6086 if special assistance or help is required for access to an event scheduled by the University on campus.