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Show 0 Hitlu,. ' 1 .' t ') Employees rewarded for good ideas Payday loans i'tisy money often accompanied by high interest rate charges than he owes in principle in just three short months. Financial planning is the key to avoiding this vicious cycle. First, make a realistic budget. Figure your monthly and daily expenditures and avoid unnecessary purchases, especially small even small deposits can daily items. Also, build some savings help. Savings can often negate the need to borrow for emergencies, unexpected expenses or other items. There are other options as well. For example, many airmen can increase their take-hompay by more than $100 a month simply by adjusting their income tax withholding form (IRS Form by 1st Lt. Matthew Burris 1 1' 4.vsfJore Office If you obtain iwicciit this loan may tlii'tiujiliaiifk rasliiiinroiniwny, luyl.iy you're dniiii; nlik many Mates. 'tali does not have any usury laws that limit 'in ai n iii it nt intei est a lender can charge. As a result, many Utah heck casliers ehai e annual percentage rates as lii'h as 520 cent i. n the short term loans they pi uvide consumers. Despite in' exdi hitant interest rates, the payday loan industry is thriv- olien at the excuse nl those who can least afford it. Many airmen tall into a cycle ot bein short of cash and see payl.,v loaiu as a (uu k fix for their financial ditticulties. However, ;.i ihl( ins oil en arise when the loans come due. Many times, when Would yi'ii Ixii iw money at !"!?() intt-n-st- I l i If you think you've exhausted your options and decide to take out a jKiyday lo;in, know your rights. The Truth in landing Act requires check cashers to disclose the actual cost of payday loans. Among other information, you must receive, in writing, the finance charge (a dollar amount ) if any, and the APR (the cost of credit on a yearly basis). A common practice in the industry is to tell consumers that they are only being charged 10 percent interest on the loan. What the check cashers neglect to tell consumers is the fact that that is a weekly interest rate, not an annual interest rate. The 10 percent weekly rate is in actuality a 520 percent Al'R. The Federal Trade Commission has deemed this an unfair and deceptive trade practice, and as such, check cashers utilizing this tactic are violating the Truth in landing Act. If you think a lender has violated the Truth in Lending Act, file a complaint with the ITC on its Web site, www.consumer.gov military. For more information concerning payday loans, or any other consumer issues, contact the Hill AFB Iegal Office, Bldg. 1278, at Fxt. amount bor lowed (plus interest) ist;iken tiom the h;tnk account, 'he airmen ajaiu find themselves short of cash, so as a solution, ihev take out another payday loan, and another and another. 'In examine the concept of payday loans, consider the example ot the fictitious Airman 1st lass Trenton: An man I st ( 'lass Trenton ts a bit short of cash, and needs $ KM) to u I lum through to next payday, lie can 't get a hank loan fur such a mull amount, and his buddies in the dorm won't spot him the money, ,o In noes to a chei k cashing company. Hie check cashing company ignis to loan him the $ 100for one month, at an Al'R of '520 percent, it ntum for his post dated personal check for both the loan amount and the accrued interest. At the end of the month. A1C Trenton will V out $ If) in interest charges on his $100 loan. If he is short again the loan he will beout$H(). If the pattern next month and "rolls-overi iDitinues, as it often does, Trenton will owe more in interest ;!;i , C " ' I '--f f. J (East of Sam's Club) 546-388- YOUR U.S. ACTIVf OR MKVt MILITARY 1.0. CARD mm Buy any model, any year and get $250 in Customer Cash Apply your cash to the purchase price or accessories You can even APPLIED TO PURCHASE PRICE OR ACCESSORIES if.. rti OR CASH BACK .... ....... ideas.ran-dolph.af.m- AR110HA i are WSENI Several Hill AFB employees recently used the IDEA Program to improve processes, change working conditions, eliminate safety hazards and change the way the Air Force does business. And many have received cash rewards for their creative efforts. Recent award recipients are Joel Antes, John Atnip, David Baker, Kelly Beckman, Tech. Sgt. Paul Belles, Christopher Bishop, Duane Ble, Charles Bond, Warren Bowman, Richard Bradley, Jacob Checketts, Jonathan Chua, Geraldine Corona, Michael Dooner, Arturo Fspinoza, Richard Fawcett, James Freed, Randy Fulton, Carrie Glesenkamp, Martin Glommen, Kelly Grover, Kurt Hair, Arnold Hemphill, Kristopher Hickman, Jason Hood, Lanette Howard, Porter Huesser, Mark Klkins Lambert, Dean Ixirson, Shaun lavender, Mario Lemos, Artur Liscomb, Edwardo Lopez, William Ixive, David Manuel, Sally McComb. Also, David Mcacham, Thomas Mickelsen, Patrick Murphy, Richard Newton, Jared Nielsen, Michael O'Connell, Clinton Padelsky, Rodolfo Padilla, Nick Pepe, Blake Peterson, Paul Prescott, Luella Raymond, Paul Reimann, Michael Sakashita, Anthony Sanders, Donald Scholl, Patricia Schroeder, Brian Sholly. Eric Silvis.Theral Smith, Gregory Spencer, Iiirry Spencer, Tearl Stice, Jay Stone, lister Stone, Timothy Terrell, Tech. Sgt. Clark Urban, David Vasgar, A. Jeromy Vernon, Sandra Voss, Ryan Wagstaf f, Val Warren, Alan Westover, David Winger and Tim Wright. Ideas can be submitted online by going to https: and following the prompts. For more details, contact Teri Gibby at Ext. W-4- ). - .. IDEA Program coordinator e i iiiAhilii ilium; by Teri Gibby 4 We 2 featKe frefh ralad;, bakery, rop;, bakeci potatoer, pizza, take cash pack from the dealer! .A t ... 1 2529 N. Hwy 89. N. Ogtlon 782 6125 www. big boys, com ,u p'u.t; of ii m h.i pu'i 'tit- i.' rn(.iti ,ii'.v r.ert ,'' if os ut .if., it 'o n "t i.nyi 'Kit 'V ii. ikA ' 'l i.ii' 'A'' Wulv'i i, ..ii'c.i mc - At v tAI Mtt !! DRINK i (with paying adult) ( i (with each paid meal) A'V'Jv 'mjisKiiixt modol troni Mdy 10 - June ;). 2003 The ?bQ n GoudTim05,M Military or frinffi tis ri i.Hsti iick uptujfi (torn ttiH dealer ai lnn ol (JurchaSB Must present your U S Active st- 'fn,' tiy kt.o'is t iji aktui rul tl (! KFX80 is lot uminenfJwd 'rr use onty by paisons 2 ard iit n K.wi'-ik- i A!'7:, itid above are recofimenclod for use only by persons 16 tjfiLji'ifj'. uf coli'sh d t'i'lrnul. , A;....-- ri;.pr,Miitiirffi,jft(Jn t;yi ww'Ji t.v'.-'v- i V'j'wbW dorj yrytyLtivt' J iU.n! jiivhj tK' BiUa Ihp Al V Salely Iftsutute Ntvyf garry d ya&ionoe' Nevyr drjlfilftg wf etui on flfHicuil terrain. (terilHf or ' 1 1 1 1 ntfy i PMCCF3 Mimnfr m wriwrriiiiTTBri ' ? CWw 1 ri "'' alld Wl or Uondty. C0UMH i t Wwlimday Tuiay OnlV. 73103 EUKfM 1 ' OttonlkjofiMonin.Miy t mkmmimb FnJn?an 3 ' m tv Reg. $5.49 4,r-r;- s fJl C Reg. $13.98 NOW SAVE id Good while supplies ! m m-JT- V7 ( ij ! C0UP0U EACH a With coupon not valid with any other coupon or discount. Limit 20 per customer per rlslt. last. Nothing greens like Ironlte. v i jo ratf Liri! I Lii with any other discount or moon. HANGING DOGS BE GONE PLANT MOSQUITO REPELLING PLANT 4" POT VvHa V Reg. $2.99 ra(f vM an 4" POT l Reg. $2.99 Cvvflfl ofnar discount or coupon. Good thru Sat, June Hot valid with any other discount or coupon. Bood thru Sat., June 14, 2003 14, 2003 j lUiu $mi Bat Sat., teat 14, MS IA 17 ! Starting to OFF COUPO 10 ' i - o( 1 i Ih ' f 1 at UtKJfif 1 ! -- k1 FREE Kids 10 and Under Ia. if Hot valid with any other discount or coupon. Good thru Sat., June 14, 2003 AT THE HEAT DECIDUOUS SHADE TREE SAL h FERTILIZER PLUS INSECT KILLER COVER 29-3-- 4 Reg. $17.98 r. NOW SAVE Good while FjF W i i I j supplies last. Wk' ni i iii Linn. iiiMMiin.1.1 " h mm m 00 $ OFF ANY TREE ;--, .- Ml m i OFF ANY TREE IIIIIIIIIIHIIIHtHtHfH m 4 k 6484 S. 2000 E. (Uintah) GALL: Open HoSlCorKJLfl , U ifO VH OFF ONE COUPON PER TREE PER VISIT NOT VALID WITH ANY OTHER COUPON OR DISCOUNT Offer good thru Saturday, June 14, 2003 ImMmw n &V r ' $5 V :,, - k k . 5,000 - SQ. FT. im - 479-606- 0 Mon.-Sa- t. Sundays 8-6:- 10-- 4 30 ! il |