Credit Guidelines and Disclosures for 3-MONTH SHORT-TERM 0% FINANCING
Terms: A 25% down-payment is due upon approval of the application with the remaining balance due in three equal installments at 30-day intervals.
All payments shall be made to Rio Grande. Upon default in the payment of any installment, the entire balance due on this note may, at the option of Rio Grande, be declared immediately due and payable. An additional charge will be imposed on any amount thirty (30) days or more past due at a periodic rate of 1.75% per month (annual percentage rate of 21%). This rate is based on the past-due balance at the end of each billing period. Obligor further agrees to pay all reasonable costs and expenses including, without limitation, attorneys’ fees at any time paid or incurred by Rio Grande in collecting the indebtedness created hereby. All filings will originate in Albuquerque, NM.
I authorize you to investigate my credit record. I understand and agree to the above guidelines and terms.