| Show New Rules for Buying on The Installment Plan When the news broke that Federal Reserve board was preparing regulations to control instalment buyers rushed in to buy refrigerators and similar goods before the in fear that the new rules would make installment purchasing next to the rules have been and it appears that this fear was generally All they do is to prevent the issuance of excessive and to make illegal certain credit practices which industry and financial authorities alike have long considered unsound and You'll have to pay a third down when you buy your new car trade-in of your present car may be used for all or part of that as in the and maximum period of payment is 18 If you want a new electric washing room unit air radio set or musical you must pay 20 per cent down and the balance in 18 For heaters and pumps and other home only 15 per cent need be paid and 18 months credit period is On materials for house improvement or there is no limitation on the percentage of credit that credit will be these will have to be made far in order to conserve essential to encourage and to combat price In the only Some think that in the future the buyer who wants extremely may be up to but the pay-off must be made in 18 |
