WITH EUGENE PETTIS —1 —
Eugene
•*- ‘ _ .. i
Credit Reporting
The credit industry is comprised of over
two thousand credit bureaus located
throughout the country. Several credit
bureaus may operate in the same geo
graphic area and, as a result, more than one
credit bureau may have information on you.
Most of the information is comprised of over;
mto your file, such as where you work or
how much you earn, will come from your
application.
Information from credit applications, as
well as from subsequent credit, trans-_
actions, constantly flows in and out of
credit bureaus. This exchange of infor
mation ftmctiona in two ways._
First, lenders such as banks, credit card
issuers and finance companies provide
information to credit bureaus on their
current accpunt holders.
Second, when you want to borrow money
or open another account, the lender gets a
credit report on you, usually a computer
- print-out of information in your credit file.
Credit bureaus do not decide whether an
' applicant will be granted credit. They
supply information on how you pay your
bills, then the lender evaluates the data
based upon its own standards for deter
mining an applicant’s credit worthiness.
You may see what it contained in your
credit report.
A federal law, The Fair Credit Report
ing Act, was enacted in 1970 to regulate the
credit bureau industry. Before this law was
passed, you had no right to find out what
was in your credit fife l^you are denied—
credit because of information in your credit
file, the lender has to tell you this and give
you the name and address of the credit
bureau that supplied the information. You
then have the right to go to the credit bureau
and find out what information is contained
- in your credit file___ •
The Fair Credit Reporting Act was also
concerned that credit bureaus not include
outdated information in your credit report.
Any unfavorable information that is con- -
tained in your file relating to lawsuits,
WigmmtH nr unpaid armiints may nnt hf>
reported after seven years. Bankruptcies,
however, may be reported for up to 10
years. — --——*——
Although a credit bureau must advise you
of the contents of your credit file, it does not
have to let you actually see or physically
handle your file. If you contact the credit
bureau within 30 days after finding out that
your loan or other credit request was
denied, the credit bureau must advise you
the contents of your credit file free of
Charge. Otherwise, the credit bureau can
charge a $3 to $5 fee for'giving you this
itirarautttofi.
*®W*n can receive
up to $10,000 if they hire
and train an eligible Viet
nam-era or Korean conflict
veteran through provisions
of the Emergency Veter
ans’ Job Training Act of
1983 (Public Law 98-77).
Qualifying Training: The
training programs should,
be designed to last for at
least six but no more than ■
15 months, and should be in
one or more of the follow-,
ing categories:
-a growth industry;
~nn occupation requiring
technical., skills; or
-an occupation Where de
mands exceed the supply of
workers.
Employers must certify
that they plan to continue
the veteran’s employment
upon the successful com
pletion of the training. Ade
quaie iacumes for training
must be available, wages
and benefits must be no
—less than -those normally
paid, and training capnot
be for a position for which
the veteran already quali
fies. An employers’ train
ing may include a course or
courses at an educational
institution which has been
-approved for the training of
veterans under 38 USC
Chapter 34.
The reimbursement will
be 50 percent of the starting
_wage up to a maximum of
$10,000 per veteran. Pay
ments will be made at the
end of each three month
period of training or can be
monthly in the case of
employers with less than 75
employees.
Veteran Eligibility: To
qualify, veterans must
have been unemployed for
--ANY
PURCHASE
Offer Expires February a, it&4
WITH COUPON ONLY!
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at least 15 of the 20 weeks
prior to their applying. The
maximum period of train
ing is nine months, except
for veterans with service
connected disabilities of 30
percent or more, or who
have lesser rated disabili
ties but have a serious
employment handicap.
These veterans can be
trained up to 15 months.
Employers should con
tact the lc£al Job Service
‘•tJffice for details, appli
cations and assistance.
Vie
wmmum
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"j-rrEr1™- rf*KI-_—-...member I
m the U.S. Army Reserve Control Group (Delayed Entry),
and is scheduled to enter active duty in the Regular Army on
-.2 SEPTEMBER 1984_
for traihtng in _15BrEtECTR0N IC EQUIPMENT. REPAIR
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ARMY. BE ALL YOU CAN BE.
. .. _ _ mm ^ •