Julian Credit Management is a non-profit, nationwide
debt consolidation and credit counseling organization, located in Central Florida.
Our dedicated counselors can help you restructure your bills
and make a payment plan that can cut years and thousands
of dollars off your long-term debts like credit cards, mortgages, and other loans.
Our debt management program can help you repay your debts:
We help you establish a spending plan, determine your financial options,
save money on interest and late fees, get your creditors off your back,
and provide you with useful information.
This page uses CSS to present the content in the best possible manner. If you can see this
message, then CSS (or JavaScript) is not enabled in your browser, and the page will not appear
as the designer intended.
Saturday night I received an alarming phone call from one of my girlfriends, "I can't sleep at night, and when I do, I wake up nauseous. I can't take this anymore, the collection calls are making me sick..."
This is what Ms. Gunn, 23, frantically ranted into her telephone as I tried to explain that she was simply one among many young adults involved in a credit card disaster.
People under the age of 30 are filing for Bankruptcy in frightening numbers. Over a third of young adults own many different types of Credit Cards and are now finding themselves involved in debts ranging anywhere from $7,000.00 to $60,000.00 dollars.
This unfortunate scenario is not only taking place here in the United States, but also abroad, people between 20 to 30 years of age are ending up declaring insolvency cases all around the World. In Scotland, for example, sixty percent of bankruptcy cases involve people in their 20's.
Some say today's younger generation has become more materialistic and consumer-led spending on anything new regardless of price, particularly technological toys. Credit cards and loans are also being used to improve the standards of living for young adults in many different parts of the globe.
It has come to show that unemployment is not the primary factor of this crisis, most of these people are fully employed and attending school part time. So where is the problem?
The most debated argument is the lack of financial education required from students at both High School and College levels. Only seven states mandate that students take a course in basic finance to graduate from High School. However, it's surprising how much these credit card companies are allowed to advertise on college campuses all around the United States, giving away free T-shirts, lots of spending power, and future of overwhelming debt and nasty collection calls.
A report released by the non-profit organization Demos entitled, "Generation Broke: The Growth of Debt Among Young Americans", informed that over the past ten years credit card debt among 18 to 24 year olds rose 104 percent. In addition, the report found these indebted adults spend almost 30 cents of every dollar earned to repay debts.
In a nutshell, it is very unfortunate the number of desperate people out there trying to crawl out of their debt hole. It would be a better world if these young adults could begin their journey in the real world with much more knowledge protecting them.
Julian Credit Management is a firm that practices exclusively in the area of Bankruptcy and Debt Consolidation and has offices in Clearwater (Pinellas County), Port Richey (Pasco County), Tampa (Hillsborough County), Lakeland (Polk County) and Orlando (Orange County). We represent persons throughout the State of Florida.
BACK to Educational Resources
Home •
Common Questions •
How Do I Get Started? •
Contact •
News & Info •
Educational •
Links
Pictures and content: all rights at Julian Credit Management
Design/Programming copyright © 2000 by Orion HiTek, Inc.