Fraternity-Testvériség, 1958 (36. évfolyam, 1-11. szám)

1958-01-01 / 1. szám

FRATERNITY

15

compel purchasers to continue to pay installment charges or interest rates up to the stated time, even if the debt has already been paid.

Many people don’t realize that once they’ve signed installment contracts, the contracts are normally sold to banks or sales finance companies. If the buyer has purchased a faulty product, she points out, the bank or firm that holds his contract isn’t responsible. Nonetheless, it will demand that he continue his payments and can even attach part of his pay, if necessary, to make sure he does so.

In fact, thees and other possible dangers in installment buying are so great that Miss Pratt urges these four guideposts on all people who buy by that method:

1. Buy only from a reputable dealer. Be wary of aids that emphasize easy credit above the quality of (the dealer’s) wares.

2. Read your installment contract before you sign it. Be sure you

know the amount of credit charges, the penalties for default or delinquency on payments, and other conditions of repayment.

3. Examine carefully the manufacturer’s or dealer’s guarantee on the life of your equipment. Know what recourse you have after the “thirty days’ trial period” if the appliance breaks down.

4. Check the legislation in your state, and make certain that the

dealer lives up to the requirements of the law. If your state legislation is inadequate, work with unions and consumer groups to do something

about it.

(Common Council)

WITH GRATITUDE

Hungarian Reformed Federation of America 1801 “P” St., N.W., Washington 6, D. C.

Dear Friends:

May I acknowledge with deep gratitude your thoughtful gift of the “History of the Hungarian Reformed Church”.

I have read this from beginning to end. It is a most inspiring story — or rather a part of a story, because under God’s guidance the story will go on and on.

Ever cordially yours,

Roland Elliot, Director, Immigration Services