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Show HILL TOP TIMES Friday, February 11, 1983 ploy key roles Credito byireoys In today's By Horace Holmes Jr. McClellan AFB, Calif. Some of it is supplied on the application for credit, such as name, spouse's name, address and former address, employer and former employers, social security number, etc Merchants and other creditors with whom the person does business supply some local economy, your . 1 i ucuii uureau piays an important, roie m trie aeveiop-meand expansion of credit privileges for millions of Americans. The credit bureau serves as a clearing house for consumer credit information. Under the rules of the , m.-?- - credit-oriente- d . " 1 1 - 1 1 nt TiFair Credit Reporting Act (Public Form tle VI), the credit bureau collects information from credit grantors on how consumers pay their bills. Information on your payment habits results in credit history, which becomes your credit report. Following are some guidelines and answers to questions you may have about your credit: ' 1. How does a credit bureau compile information on a person? of it. 2. How long does a poor credit rating follow a 91-50- 8, . person? The law limits reporting of adverse information to seven years. The only exception is bankruptcy, which is reported fcr 10 years. In practice, many firms normally consider a person's record over the past three to five years. 3. How do creditors rate an account? : Creditors use a standard system for reporting their credit experience with consumers. If the ac-- ? count is paid as agreed, this fact is reported. The HNB8V ABB DPEGHAIL8 (UJR SA TURDA Y FEB' 12TH 10 A.M.-7P.(Savings apply to furniture purchases only) SZ-MLCIo Dim M. creditor will also advise the credit bureau of any history of the consumer being past due during recent months. 4. Suppose a person is turned down for credit; what can he or she do? If a person is rejected wholly or partly because of information contained in his or her credit report, the creditor must give the person the name and address of the credit bureau involved. He or she can then arrange for an interview to review the files at the bureau, either in person or by telephone, but the person must first submit a written request. 5. How does a person with no credit history establish a credit record? The best way to establish credit is to start small and slowly. Everyone should have at least a few accounts. Otherwise, if a person pays cash for everything, there won't be an established record of good paying habits. 6. Finally, once a person gets credit, how can he or she avoid getting too deeply in debt? A person needs to learn to manage his or her money and to keep spending in line with earnings. (LOGNEWS) r THEN. THE NEXT GROUP BUY ANY LIVING ROOM, BEDROOM OR DINING ROOM GROUP AT... CASIONAL ROCKERS, TABLES, RECLINERS. CHAIRS, GET... THEN. THIRD GROUP YOU PURCHASE LIVING DINING ROOM, ROOM. BEDROOM, GET... ANY MLR THEN 0 MONEY PROBLEMS GETTING HAVING Off L 11 eein)inn)k Me ARE YOU BUY, LIVING ROOM. DINING ROOM, BEDROOM, OC- Page NITURE PURCHASES CAN BE MADE FOR A FULL:.. ? MAKING ENDS MEET ? TROUBLE GIFTS CLOTHING REPAIRS FOOD GAS RECREATION BILLS ANY ADDITIONAL FUR- YOU DOWN EDUCATION SAVINGS STRETCHING FINANCIAL RESOURCES IS A PFMP SPECIALTY DO YOU NEED FINANCIAL ADVICE ? HELP ? ASSISTANCE ? CONTACT YOUR PFMP MANAGER ROBERT CQPPS OFFICE SYMBOL ACFQ . PHONE NUMBER 75148 LOCATION: BLDG 1239 ROOM 2Q PRM P Going, x Bowling? Shopping? To the Movies? To Drop In Care FINANCING Why a credit union loan? .For a limited time only Federal Employees Credit Union is offerine 100 financing on MONTH TERM new cars payable over a 60 month term. In addition, between now and March 3 1st, a special 13 Variable Annual Percentage Rate is available. Because your bargaining power is increased when a car dealer doesn't finance your " purchase. To a dealer, your credit union " loan is almost like a cash payment. You're in the driver's seat when it comes to nego. tiating a purchase price. , You are charged only for the time you use the money. Automatic PaymentDirect Deposit Convenience. Loan Protection Insurance For eligible members at no additional cost. . .." v . 5 In Null l ake ( il. call rot? loans arv also available i I I pay Fon o;:z czr TH2 C2co::dcu:io, pr.zzu wwuii wyu uuu oo ijj HOURS: Mon. thru Thurs. 6:30 a.m. to 10:00 p.m. Fri. 6:30 a.m. to Midnight Sat. 11:00 a.m. to Midnight Sunday, Closed Lakeside Plaza VARIABLE RATE LOAN 627-092- ' Simple Interest .Federal EmDlovees Credit Union Ph.mc Profasslonal - Ucansed Relaxed atmosphere Snacks Special activities Clean Convenient location All ages - Other credit union advantages: Make your best deal on a new car, then make it happen with a .. . Fi.xvrf a Party? 295-557- 8 776-136- 0 Clearfield ! |
