Business & Finance: Credit

When you buy a Nash, Graham-Paige, Hupmobile, Chandler, Reo, Hudson or Essex motor car on the instalment plan you give the dealer your note and expect monthly bills. Those bills when they arrive are rarely from the dealer however, but usually from the Commercial Investment Trust Corp. That company has bought your note from the dealer. You owe them the money, and you pay them.

The same thing happens when you buy an Ampico or other American Piano Co. instruments on time payments; or a Servel or Electrolux refrigerator, or a Radio Corp. of America receiving set, or a certain make of...

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