NARCA Joins Jump$tart Coalition

Washington DC – The National Association of Retail Collection Attorneys (NARCA) has joined the Jump$tart Coalition for Personal Financial Literacy. Founded 10 years ago, Jump$tart brings together financial institutions, educators and non-profits to increase young Americans’ understanding of personal finance.

More than 160 organizations support Jump$tart’s clearinghouse of educational materials and school curricula on income, money management, spending and credit, and investment and saving. NARCA, a trade association of over 630 law firms that collect delinquent consumer debt, is adding its voice to this coalition. NARCA member attorneys represent major creditors, financial institutions and health care facilities. Every day, NARCA members see the harm caused through poor understanding of the use of credit. By taking on debts that they cannot repay, young people impair their credit. As a result, they can lose the ability to buy a home or a car, rent an apartment or get a good job.

According to Charles G. Pona, a partner in the Cleveland law firm Weltman, Weinberg & Reis Co., L.P.A and President of NARCA, “We are pleased to be able to assist the nation?s youth in learning the responsible use of credit. Jump$tart makes the task of communicating this information easier for our members through their dissemination of innovative ideas and programs.”

NARCA also is encouraging its member firms to participate in Jump$tart Coalition organizations in their own states.