Show GOOD SENSE JENSE by WILLIAM J. J MARTIN PM I to b Aveo ca r. r Financial al S r There Theres no doubt douM about it Wo 0 live Ike in a credit society Rodely In tn tile the US U.S. consumer cred cred- II now stands at more Inore than billion Lillion compared with 0 sa billion hillion in 1945 Tn in Canada the total is over 12 billion Automobile loans account for some 30 of this debt with personal personal loans next and and then than charge accounts home repair loans i etc I Credit has has f I f become V necessary nee nee- to to toe tO f essary I F f day life f style and II V 4 f many regard r f it as 09 a 0 right rather than a privilege Is Jg credit spending too high Should curbs be put on credit spending No say Ray the experts In fact a further expansion of credit is regard ed cd ns as the best course The Canadian Bankers As As- goc says that credit expansion expansion sion has generally helped speed seed up the prosperity of the business system an and has improved the standard of liv live ing It adds that Potential potential future future fu fu- ture tore growth 0 of consumer credit should not be viewed with alarm and should not be curbed In the US U.S. the National Commission of Consumer Finance Finance Fi Fi- nance nonce agrees that credit should be made more avail avail- able As the use of consumer credit increases its it's up to all aU of us to learn how to use credit wisely so that it it can continue to serve us ua well Readers' Readers questions are we welcome wel come and should be sent Bent to PO P.O. Box Phoenix Arizona Ari Arl Zulu zona |