Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

Credit Association Avoid credit problems by following A few common sense rules Many people cringe as they look over their bills each month and try to think how they’ll stretch their paychecks. Groceries, house payment, utilities, the car, new shoes for the kids and the telephone bill—sometimes these add up to almost as much as the next paycheck. And there always seems to be something else you end up charging on your credit card. And so it goes— another “easy” payment! This happens to most of us at one time or another, but in some cases, the problem can get out of hand. The following guidelines can help you avoid credit problems before they oc cur. These steps are guidelines only and may vary between individuals: • As soon as you know there is (or will be) a problem, contact the credit managers of the place where you are DONORS (Continued from Page 1) Valerie P. Anderson Jeffrey B. Blackwell Ervin C. Bodie Jr. Jill D. Borgman Karl N. Borgman Eddie R. Bradley Bennie B. Brewer Herbert Brielbeck Linda P. Brock Ernestine Brown William E. Calhoun Silas M. Campbell Patricia L. Clark Joseph A. Cothran Anthony Cunningham Dexter W. Darbins Linda W. Davis Glenn O. Dellinger Andrew H. Ellis Jr. Michael L. Enterkin Walter E. Evans Judy F. Farmer Joyce N. Finley Pamela S. Freeman Mary A. Gambrell Charles F. Gann John H. Gary Marvin Gault Jr. Diana S. Hellams Anthony Henderson Charlie L. Hill William R. Hill James A. Hornsby Franklin E. Howell Doll R. Hunter Mattie P. James Phillip E. Johnson Sr. Lorenzo F. Kennedy Sr Matthew R. King Norman D. King Margaret M. Kitchens Kenneth R. Lawson Jesse L. Leake Robert M. Lyons Patricia F. Mabry Phillip D. Martin Joe C. McCall Barry D. McWatters Louis G. Meeks Kenneth R. Merideth James P. Motes Jr. having problems. Discuss the situation completely and honestly. Explain why you can’t make your regular payments and ask for a temporarily reduced pay ment. • Any agreements made should be clearly understood and kept. Ask your creditor to report the reduced pay ments to the credit bureau as being “on time.” • Until all debts are paid out, dis continue use of credit cards. Either cut up and return or place the cards in a secure place where they are hard to access. • Take all possible steps to generate additional income and concentrate on reducing expenses as much as possible. • Despite how expedient it may seem, avoid personal bankruptcy. Here are some factors associated with per sonal bankruptcy: James R. Nelson Lawrence A. Nelson Jr. Jack I. Orr William L. Osborne Curtis R. Oswalt Jr. Bulah A. Parsells Ray N. Patterson Rickey D. Patterson Vickie B. Patterson Carroll R. Phillips Douglas G. Pitts Samuel Pitts William B. Prince Danny G. Putnam James K. Putnam Lorena Pyles Barbara J. Ray Frederick L. Reeder Thaddeus B. Rice L.C. Roberson Donald R. Satterfield Tammy D. Simmons Robert L. Simmons Jr. Donald E. Simpson Louvonia Simpson James M. South Joe B. Spillers John R. Swetenburg Jr. Donald R. Trammell Glydia B. Tucker Johnny J. Tucker Claude D. Ward Harold R. Webb William D. Webb Roy A. Weidman Jr. James N. Wells Johnnie F. Wilson Carroll T. Baker Anthony B. Bluford Norman K. Craven Calvin R. Croy Thomas E. Davenport James E. King Patricia M. Neal Sam 0. Owens Thomas J. Patterson Brawley I. Pitts Reuben B. Stroud Jared D. Sullivan Doyle L. Templeton Kimberly J. Thomas Brenda D. Tucker —Legal fees may run from $500 to over $1,000 in some cases. —Bankruptcy will be reported on your credit file and will affect your ability to obtain credit. —Items already paid for such as boats, RVs, guns and cars not used for employment, may be taken by the court and sold. PROGRAMS _ (Continued from page 1) pose unique situations.” “Some pro ducts are sold to waste processors and others are sent to landfills. There is always a problem disposing of items for which there is no market. However, we are continuing to search for buyers of recyclable wastes,” he added. “The Company is not motivated by legislation,” he added, “but by a sincere concern about the environ ment. The Engineering Department —Bankruptcy can cause lingering feelings of guilt and failure. —A recent study showed that 50 per cent of the people filing bankruptcies could have paid out dept in only three years. —All debts are not eliminated, such as taxes, child support, educational loans, etc. and its employees work with all areas of the Company to ensure that the by products of the operations pose no serious threats to employees, air, land, and water.” “Our Company enjoys an excellent relationship with those who are in terested in protecting the world in which we live,” stated Sullivan. “The Company’s commitment to the en vironment is typical of its goal to be a model corporate citizen.” The Clinton Mills, Inc. Disability Benefit Plan For Employees of Clinton Mills, Inc. and Affiliates This is a summary of the annual report for the Disability Benefit Plan For Employees of Clinton Mills, Inc. and Affiliates, EIN 57-0836044, for July 1,1988, to June 30,1989. The annual report has been filed with the Internal Revenue Service, as required under the Employee Retirement Income Security Act of 1974 (ERISA). Financial Information For the period covered by this report Clinton Mills, Inc. paid a total of $13,532 in temporary disability income claims. Your Rights to Additional Information You have the right to receive a copy of the full annual report, or any part thereof, on request. Tb obtain a copy of the full annual report, or any part thereof, write to the office of Pauline S. McLendon, who is the plan administrator. The charge to cover costs will be $1 for the full annual report, or $.25 per page for any part thereof. You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included in that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the reports because these portions are furnished without charge. You also have the legally protected right to examine the annual report at the main office of the plant, Clinton Mills, Inc., 600 Academy Street, Clinton, SC 29325, and at the U.S. Department of Labor in Washington, DC., or to ob tain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the department should be addressed to: Public Disclosure Room, N4677, Pension and Welfare Benefit Programs, Department of Labor, 200 Con stitution Avenue, N.W., Washington, DC. 20216. For assistance in obtaining a copy of available information, contact the per sonnel manager in your work area. Pauline S. McLendon Financial Administrator Clinton Mills Drawer 1215 Clinton, SC 29325 Cloth Maker - page 3