1-To pay the balance of my account on or before the fifteenth of the month following the date of purchase.
2- No Finance Charge if account paid when due.
3- Your account shall be subject to a Finance Charge if the account or portion thereof is not paid by the fifteenth of the month following first statement. The Finance Charge is a “periodic rate” of 1½% per month or an Annual Percentage Rate of 18% on balances or $1.00 Minimum on amounts under ($66.66).
4- SELLER or BUYER may at any time terminate this charge account upon written notice to either party.
5- Reasonable collection or attorney fees and court costs may be charged if this agreement is referred for collections or to an attorney or collection agency.
I/We certify that the foregoing information has been supplied truthfully, accurately and voluntarily, and therefore authorize the named creditor to investigate my/our creditworthiness, credit history and financial responsibility through any credit bureau or by any other reasonable means, including direct contact with past and present creditors. I/We also authorize banks and other financial institutions to give information to the named creditor in connection with this transaction about my/our savings and checking accounts and loans. If credit is extended as a result of this application, I/we agree to make payment promptly in accordance with the creditor’s terms.