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investigation of Baganov conducted on bihalf
of Central Penn National Bank
Mr. Raymond D. Mercer, Vice President - Central Fenn National Bank.
TO:
FROM:
J. F. Price
SUBJECT:
Charge-Off
Igor Baganov or Igor Vaganov
Mr. Igor Baganov or Igor Vaganov~parehased a 1962 Ford, Thunderbird Convertible,
Serial #2Y85Z117485, from Ray McGowen Ford on August 6, 1963. The gross amount of
the account was $3485.84 having 36 monthly payments of $96.82. The first payment was
due September 20, 1963.
There has been one instalment made. The last one October 15, 1963. Sinco then
this account has been a constant problem. My first experience with this account was
on October 10, 1963. At that time Baganov was a first payment default. He was
employed by General Electric Credit Corporation at their branch office at 1118 Garfield .
Avenue, Havertown, Pennsylvania, as credit manager. I contacted him by phone and he
claimed then the reason he was late was due to an adjustment he wanted from the
dealer. I insisted on payment, and he remitted one in the mail by October 15,1963.
In 'the latter part of October I once more contacted him at his job. He promised
payment by October 28, 1963. In the first week in November I called his office and
spoke to the manager. He was evasive and would not give me any information other
than Baganov left their employ October 28, 1963.
I then tried to make connections with G.E.C.C. Supervisory Office and was
informed that the person that could help me was out of town. We checked out
1116-7th Avenue, Swarthmore, Pennsylvania, but could not como up with any leads at
all; and I could make no contact at G.E.C.C. Supervisory Office. I ran a credit
check through Philadelphia Credit Bureau and came up with a long list of delinquent
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"ocrText": "investigation of Baganov conducted on bihalf\nof Central Penn National Bank\nMr. Raymond D. Mercer, Vice President - Central Fenn National Bank.\nTO:\nFROM:\nJ. F. Price\nSUBJECT:\nCharge-Off\nIgor Baganov or Igor Vaganov\nMr. Igor Baganov or Igor Vaganov~parehased a 1962 Ford, Thunderbird Convertible,\nSerial #2Y85Z117485, from Ray McGowen Ford on August 6, 1963. The gross amount of\nthe account was $3485.84 having 36 monthly payments of $96.82. The first payment was\ndue September 20, 1963.\nThere has been one instalment made. The last one October 15, 1963. Sinco then\nthis account has been a constant problem. My first experience with this account was\non October 10, 1963. At that time Baganov was a first payment default. He was\nemployed by General Electric Credit Corporation at their branch office at 1118 Garfield .\nAvenue, Havertown, Pennsylvania, as credit manager. I contacted him by phone and he\nclaimed then the reason he was late was due to an adjustment he wanted from the\ndealer. I insisted on payment, and he remitted one in the mail by October 15,1963.\nIn 'the latter part of October I once more contacted him at his job. He promised\npayment by October 28, 1963. In the first week in November I called his office and\nspoke to the manager. He was evasive and would not give me any information other\nthan Baganov left their employ October 28, 1963.\nI then tried to make connections with G.E.C.C. Supervisory Office and was\ninformed that the person that could help me was out of town. We checked out\n1116-7th Avenue, Swarthmore, Pennsylvania, but could not como up with any leads at\nall; and I could make no contact at G.E.C.C. Supervisory Office. I ran a credit\ncheck through Philadelphia Credit Bureau and came up with a long list of delinquent"
}