Show BANISH DEBT IN SIX HARD LESSONS There is encouraging evidence that are becoming more prudent and in handling their personal finances Certainly many of them need to be Last year bankruptcy filings in utah for forthe the time since 1963 While the reduction was modest 1591 filings for 1967 against 1625 for the previous year It was amore significant triumph its numbers considering the pop Part of the credit for the reduction must go to the non profit Consumer Credit Counsel ing Service which in four years of operation has assisted 1620 families in finding ways to meet their financial obligations without resort ing to bankruptcy The service funded mostly by interested businessmen lIas enabled to pay ba l into the states econ omy during its operation Last year of a total obligation of ow d by debtors was repaid Side benefits of the Credit Counseling Service increased family stability saved suicide prevention are of course to measure T To get out of debt and stay out of debt reo quires along the following lines Know I-Know total cost of an before buying it including interest charges 2 family budget by first writing down all for a month and comparing them to income Then stick to the budget Learn 3 to say no to salesmen and to differentiate between luxuries and necessities Dont Don't skip a bill without getting the creditors creditor's approval before the bill Is due It helps preserve credit ratings Dont Don't buy over your head without a clear knowledge of how and when an item will be paid for Plan in advance for emergenciEs by saving a percentage of your income regularly no matter how small Bankruptcy should of course be used only as a last desperate resort Tol few per sons realize that once having taken out pel bankruptcy they cannot use that reo course again for seven years and that their credit rating is badly damaged from then thenon on Deseret News Girls who string a man along are only trying to find out If hes he's fit to be tied |