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NOW PAY FOR A VACATION THE WAY YOU BUY A CAR -- ON THE INSTALLMENT PLAN

 NOW PAY FOR A VACATION THE WAY YOU BUY A CAR --
 ON THE INSTALLMENT PLAN
 SAN FRANCISCO, April 13 /PRNewswire/ -- Travelers can now pay for a trip or vacation on an installment plan -- go to Hawaii, for instance, for $26 a month.
 "This is a new development in the travel business because unlike a car loan, most U.S. banks won't extend credit to consumers for travel," said George Chen, president of the leading travel company, C.L. Thomson International, which has developed the program and has appointed U.S. Travelers Association (USTA) to market it to consumers. "After all, travel, once taken, has no residual or 'repossess' value."
 "To those who qualify, USTA will offer lines of credit ranging from $2,500 to $10,000," according to Sonny Doherty of USTA. There are no points, no annual card fees and no pre-payment penalties.
 There is no need for a deposit or down payment and in some cases, promotions will also include a grace billing period of up to 90 days, Doherty said. The interest rate is calculated at 1.65 percent per month.
 "Borrowing through a flexible installment plan makes trips such as Hawaii, Europe or even a Caribbean cruise during the summer affordable to those who might not be able to afford it or were not willing to put hundreds, if not thousands, of dollars up front for their vacation," Chen said.
 Trips going to Hawaii can now cost as little as $26 a month. And that includes peak season roundtrip airfare from major U.S. airlines, 7 nights hotel stay at a Waikiki hotel, 7 day free car rental, fresh flower lei greeting, roundtrip transfers from airport to hotel, baggage handling, first morning breakfast, travel insurance, and an option for unemployment insurance. Trips originating from interior U.S. points cost only a few dollars more per month.
 There are similar trips to London for 7 nights for less than $43 a month payment and a 7 day Caribbean cruise costs as little as $49 a month with guaranteed outside cabin and roundtrip air.
 -0- 4/13/92
 NOTE: For more information on this innovative travel program or for a brochure providing details on how it works, call 800-882-9030 or write USTA at 360 Post Street, Suite 404, San Francisco, Calif. 94108.
 /CONTACT: George Chen of C.L. Thomson International, 415-398-3553/ CO: C.L. Thomson International; U.S. Travelers Association ST: California IN: LEI SU:


MM-DG -- SF004 -- 7740 04/13/92 12:00 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
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