Word: susswein
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Dates: during 1994-1994
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...concern is that students are able to get so many credit cards without the ability to pay them off," says Ruth Susswein, the executive director of Bank Card Holders of America. "And what can happen is that if a student gets into credit trouble, it's going to be a part of their credit history for the next seven years. That means when students get out of college and they want a car loan or a loan for graduate school, they may not be able...
...Susswein, who earlier this year testified about credit card solicitations before Congress, advocates mandatory personal finance classes for all junior high school students. She also recommends that card issuers put on informational seminars about the realities of credit cards when they come to campuses across the country to, in her words, "hawk their wares...
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