Financing

When Finance charges are imposed: Finance charges will be imposed on purchases made on this account by applying the periodic rates shown above to the average daily balance excluding new purchases. We get this balance by faking the opening balance each day during the billing period and subtracting any payments and credits. We do not add in any new purchases. This gives us the daily balance. We then add together all the daily balances for the billing period and divide this total by the number of days in the period, which gives us the average balance. Your purchases will not incur finance charges in the billing periods in which they are made. You can avoid a finance charge on any purchase by paying the account balance that exists at the end of the billing period in which the purchase is made within 25 days of the billing date of that period.

Minimum Monthly Payments: You agree to pay a minimum monthly payment of $20.00. This minimum payment is based on the New Balance which is the amount owed at the end of the billing period and is established by the highest New Balance on your account. If the highest new balance is $25.00 or less $250.00 or less, the minimum monthly payment is $20.00. If the highest New Balance is over $250.00 the minimum monthly payment is based on the new balance. The minimum monthly payment increases only if the highest new balance increases but will not decrease until the balance of the account is paid in full. You may at any time pay your entire balance in full or more than the minimum monthly payment.

Security Interest: We will have a security interest in all merchandise purchased on your account until such merchandise is paid in full. Payments will be applied first to the finance charges on the account and then to your purchases in the order of your purchase. If you do not make your minimum monthly payments on time we may repossess only the merchandise which has not been paid in full.

Amendments: You agree that we may change the rates, charges and other terms of this agreement provided you are given proper written notice.

Failure to make minimum payment: If you do not make at least the minimum monthly payment when due, we may require you to immediately pay the full remaining balance. You agree to pay court costs and reasonable attorney's fees as permitted by state law. If your account is sent for collection to an attorney who is not our salaried employee.

Cancellation: We and you have the right to cancel this agreement as it relates to future purchases. You agree to return all credit cards to us upon notice of cancellation.

Credit Investigation: We have the right to investigate you credit, employment and income records and have the right to verify your credit references. We also have the right to report the way you pay this account to credit bureaus and other parties who may lawfully receive such information. You permit us to give or sell data about your account and yourself to all persons who may lawfully receive it.

Credit Approval: This account and all purchases made on it are not binding on us until your credit is approved. This agreement will be considered approved when we give notice of approval to you.