Spring 2008 |
This winter, 138 MCC students attended three Brown Bag Forums on
avoiding the pitfalls of credit card debt. The forums were held at the
College´s three main campuses and were sponsored by Kappa Beta Delta
business honor society.
The goal of these sessions was to promote awareness of credit card and debt
issues; the forums also were part of the College Business Office´s
initiatives to increase student exposure to personal finance and credit card
practices. And they happened at a very relevant time.
In March and December 2007, the U.S. Senate Committee on Homeland Security
and Governmental Affairs scheduled hearings to examine issues related to
credit card practices. The Permanent Subcommittee on Investigations, as well
as the court of public opinion, were concerned about those practices related
to interest charges, excessive fees, grace periods and charges when the debt
is paid on time.
Todd Sites, a counselor with 35 years of experience, led the forums. He
discussed a wide variety of topics with the students, including unsolicited
credit card applications, interest rates and over limit fees, credit scores,
identity theft, consumer rights with collection agencies and budgeting
Idalene Williams, MCC instructor and Kappa Beta Delta advisor, said the
students were receptive to the information and gained increased awareness and
understanding of credit card debt. Fifty students requested a copy of their
credit report, and all 138 in attendance received free educational services of
credit advisors. Several students made phone calls to credit advisors seeking
the process for disputing credit report issues.
Williams, Kappa Beta Delta and MCC´s Business Department plan to
offer the series of forums again in the Spring. They also are exploring the
possibility of collaborating with Omaha Public Schools´ Academy of