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Page 11 WEEKEND Friday IMS Credit protection important ArtkleiniOaUcUaes to be law which provide completely set out certain reporting agency th Far Using Credit I I ITT some protection items as the annual betas By ALISON There axe a number of simple guidelines which you should keep In mind when you are deciding whether or not to use credit Whenever possible you should separate your business credit use from your personal assets and credit use You should seek the advice of a lawyer on bow to do this if you are seeking business credit For both business and Legally a CLEO persona credit it Is very important that you keep proper records of the amount of credit you use In addition there must always be available a workable repayment plan that Is you must be sure you will have sufficient Income to repay on a Street party Place Georgetown residents are plan ning n street dance Aug 28 Town council Monday agreed to allow resident to dose off the route while the parly Is on between 8 pm and midnight In a report the clerics department noted that while he use of roads for celebrations should not be encouraged it has to be viewed In relationship to the social and neighborhood spirit which can be generated Budget for repairs Presenting a petition gathered by Slderosd residents Para Sheldon managed to convince council that road repairs along the road should be considered when the town prepares its 1983 budget She said the road has been substandard for many many years and periodically rolling a grader over it doesnt appear to be doing much good Council agreed to present residents concerns to the budget committee which will begin meeting later this fall CHURCH DIRECTORY This Weekend attend the Church of your Choice GEORGETOWN ALLIANCE CHURCH 141 is SI J CALL Morning Service tlOOaro Sunday School Wednesday MAPLE AVENUE BAPTIST CHURCH MUcMt S7MW5 IMMANUEL LUTHERAN CHURCH WINDSOR ROAD Church Swvce HOLY CROSS ROMAN CATHOLIC CHURCH tu Aw fittnjstesn fUtmOmzmt FjtMMwriyKStUca MASKS reasonable basis the amounts you borrow procedure of keeping proper records and having a workable repayment plan can assisted by carefully drafting a budget of expenses and Income over both a short and a longer period of time There bave been a number of recent changes to tbe law which provide some protection for borro particular ly In case where money is used to purchase consumer goods Although the rate of interest which may be charged on money loaned la not restricted by law there are certain requirements In cases where be money is being loaned for a consumer purchase The lender must fully and completely disclose all of terms of borrow ing the money Both tbe advertising regarding credit to be provided and the contract entered into to provide that credit must rate of Interest the amount of payments and various other items which will help the borrower know exactly what tbe situation is regarding tbe use of those fundi If the amount of Interest Is not specified In credit contract ben the law provides that Interest can only be charged at tbe rate of five per cent Another important advance in law govern ing the credit system la change In consumer reporting requirements An individual can now demand from a credit reporting agency Information which Is being retained In its file If you believe there error Information by a consumer reporting agency you can demand that the agency verify facts In file If tbe agency does find an error it must notify anyone to whom It has supplied that Generally a demand will only be made on a credit reporting agency in cases where the consumer is suddenly refused use of credit on the basis that be or she does not have a good credit rating If you suspect that there Is a problem with your credit rating or other informati on retained by tbe credit reporting agency you should periodically demand the right to access to the information being held In your file Tbe information in this article Is accurate as of January IMO For more information on this other topics contact Community Legal Educa tion Ontario ill Queen St Suite Toronto Out 1S2 For legal advice contact your local lawyer or the Halloo Hills Community Legal Aid Clinic at S Wesleyan St Georgetown What a CAPITAL Deal This week only order a new All These Features Included 200 CIO 6 Engine Automatic Transmission Power Rack and Pinion Steering Power Front Disc Brakes Radial Tires Electric Rear Defroster Bench Seat with Arm Rest AM Radio with Speakers Electric Clock Bumper Rub Strips Remote Control Mirror Wheel Covers A CAPITAL DEAL onnc ONLY 8995 FORD SALES LTD CAPITAL FORD SALES LTD 381 Guelph St 7 Georgetown 8776928 Freight Ltetncaj Extra