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Charge Now Pay Later

Many young people are getting over their heads in credit card debt even before they enter the real world. A 2004 study released last week by the American Council on Education showed that credit card debt among college students increased as they continued their education. Consider this: Freshman had average balances of $790. Seniors averaged $1,579.



According to Patrick A. Lyons, personal finance expert and author of Map Your Financial Future: Starting the Right Path in Your Teens and Twenties, 's8220;It is important for young consumers to manage credit responsibly because maxing out credit cards and failing to pay the bills today can affect the availability and cost of credit later.'s8221;



Patrick A. Lyons is available to discuss:

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Strategies for paying down credit card debt



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Pitfalls like Universal Default and how it can have a detrimental effect on consumers



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Tips for creating responsible habits to keep credit from becoming unwieldy



About Patrick A. Lyons

Patrick Lyons has more than a decade of experience as an investment professional. Currently a portfolio manager at NCM Capital Management Group, Inc., Lyons earned a B.S. in Mathematics from Florida A&M University and an M.S. in Management (Finance Concentration) from North Carolina State University. He is author of Map Your Financial Future: Starting the Right Path in Your Teens and Twenties, which is aimed at helping young people take charge of their financial lives. His investment and personal finance advice has been featured in The News & Observer (Raleigh, NC), Black Enterprise magazine, WHUR 96.3 (Washington, DC), the Bev Smith Show, WJZ (CBS Affiliate), WNCN (NBC Affiliate), Black Issues Forum (UNC-TV) and Bloomberg Radio. He serves as the stocks editor for msfinancialsavvy.com. Lyons has also taught business finance at Wake Technical Community College and conducted workshops on personal finance for several schools and organizations.



Contact:

Patrick A. Lyons is based in Raleigh, NC. To schedule an interview, call him at (919) 656-4097.

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