RETAIL CHARGE AGREEMENT/ NONNEGOTIABLE CONSUMER NOTE/ RETAIL INSTALLMENT CONTRACT/   
CREDIT SALE CONTRACT/ CONSUMER PAPER/ CONSUMER CREDIT REVOLVING CHARGE ACCOUNT/ SECURITY AGREEMENT 

Preferred Credit, Inc. – 628 Roosevelt Road, St. Cloud, MN 56301    ZIP Line: 877-878-1079    Customer Service: 800-972-0825 

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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and 
money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that i dentifies each person who opens an 
account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to 
identify you. We may also ask to see your driver's license or other identifying documents. 
Where Arizona is the Applicable Law: THIS INSTRUMENT IS BASED ON A HOME SOLICITATION SALE, WHICH IS SUBJECT TO THE PROVISIONS 
OF TITLE 44, CHAPTER 15. THIS INSTRUMENT IS NOT NEGOTIABLE. 
Where Connecticut is the Applicable Law: THIS INSTRUMENT IS BASED UPON A HOME SOLICITATION SALE, WHICH SALE IS SUBJECT TO THE 
PROVISIONS OF THE HOME SOLICITATION SALES ACT.  THIS INSTRUMENT IS NOT NEGOTIABLE. 

DATE: 

BUYER: 

PCI ACCOUNT NO. 

CO-BUYER: 

By your initials below, you certify that the information provided above 
is true and correct. 

By your initials below, you certify that the information provided above 
is true and correct. 

SELLER: 

Buyer 

Co-Buyer 

SALE: 
Sales Representative:

PCI Client No.:  

Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for 
Purchases 

How to Avoid Paying Interest 

Minimum Interest Charge 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 
Fees 
Transaction Fees 
Penalty Fees 

• Late Payment
• Return Payment

Varies by State, from 17% to 21.99%.  See your account agreement for more details.
Your due date is at least 25 days after the close of each billing cycle.  We will not charge you any interest on 
purchases if you pay your entire balance by the due date each month or such time as Applicable Law allows. 
See your account agreement for more details. 
If you are charged interest the charge will be no less than an amount that varies by State between $0.00 and 
$4.76. See your account agreement for more details.  

To learn more about factors to consider when applying for or using a credit card, visit the website of the 
Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. 

None. 

Varies by State, from (a) $0 to (b) up to $35.  See your account agreement for more details. 
Varies by State, from (a) $0 to (b) up to $35.  See your account agreement for more details. 

How We Will Calculate Your Balance:  We use a method called “average daily balance (including new purchases)” unless Applicable Law does not 
prohibit a method called the “daily balance method.”  See your account agreement for more details. 
Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. 

1. Definitions:  In this Retail Charge Agreement (“Agreement”):  The word “Account” refers to the account that is established with the Seller, and their
successors or assigns, that is the subject of this Agreement. The words “you” and “your” refer to each individual who signs t he Application for the Account,
and who is authorized to use the Account. The words “we,” “us” and “our” refer to the Seller, and any assignee of the Seller. The words “Acceptable
Documentation” shall refer to Charge Slips, phone orders, or orders from our website, so long as such orders are signed (physically or electronically) or
otherwise verbally or electronically authenticated. The words “Applicable Law” shall mean federal law and the laws of the state, commonwealth, district, or
territory of your residence, as indicated in the “Applicant” portion of your application for this Account (if Maryland, you and we agree that Maryland law
includes specifically Title 12, Subtitle 9, Maryland Commercial Law Article-Credit Grantor Revolving Credit Provisions) and the state in which this account is
operated. You and we agree that these Applicable Laws apply to this Agreement. The words “Charge Slip” refer to the document describing the type,
quantity and agreed price of merchandise you buy from the Seller.
2. Account: This Agreement applies to your retail charge purchase of goods and services from us. The amount of your initial purchase from Seller will
govern the amount of the initial credit limit on your Account, which will be set at a higher amount than the cost of the good s purchased based on our
expectation that you will use the Account to make additional purchases. You may make add-on purchases from the Seller or Seller's assigns which will be
evidenced by Acceptable Documentation. Acceptable Documentation must provide the cash price of the merchandise purchased. By signing future
Acceptable Documentation you agree those purchases thereby confirmed will be subject to this Agreement. You agree that add-on orders which exceed the
credit limit established with your initial order are subject to credit approval. We reserve the right to deny authorization f or any requested credit limit increase.
3. Promise to Pay:  In return for extending credit to you on this Account from time to time, each of you agrees to pay for all purchases any of y ou charge on
this Account, and all other charges mentioned below, according to the terms of this Agreement. When you sign the Application for this Account, you will be
agreeing to the terms and conditions in this Agreement, which include the cost of credit disclosures required by Applicable L aw. This Agreement will not be
effective until we approve your Application, and we or our assignee provides any disclosures required by the federal Truth in Lending Act, and then, after
that, only if you or someone authorized by you sign a Charge Slip or otherwise charge a purchase to this Account and we extend credit for that purchase.
4. Billing:  You will be billed monthly for credit purchases from us, as shown on a Charge Slip signed by you (or completed at your direction), and for any
previous unpaid balance as required by Applicable Law. You will receive a monthly periodic statement of account for any month in which you have an
outstanding balance of more than $1.00 or on which an Interest Charge has been imposed. In Alaska, Illinois, Michigan, Missouri, Nebraska, Nevada, New
REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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Mexico, North Dakota, Ohio, Oklahoma, Oregon, Tennessee, Texas, Vermont or Washington, you will receive a monthly periodic statement of account if you 
have an outstanding balance. In Delaware and Kentucky, you will receive a monthly periodic statement of account.  Your monthly periodic statement of 
account will show your new unpaid balance, any new purchases you have made since your last monthly periodic statement of account, and your Minimum 
Monthly Payment. Your credit limit will also be shown on your monthly periodic statement of account. In Kentucky, your monthly periodic statement of 
account will show the unpaid balance due under this Agreement at the beginning and at the end of the month, a description of the goods or services 
purchased during the month, including the cash price and date of each purchase, the amount, if any, of any Interest Charges f or such month, and a notice to 
the effect that you may pay the outstanding balance in full or in part at any time.  
5. Payment:  You have the right to pay your entire balance in full or more than the Minimum Monthly Payment at any time. Otherwise, you agree to
pay at least the Minimum Monthly Payment, which includes Interest Charges. You must make payment in U.S. Dollars, with a draft, money order, or check
drawn on a U.S. Bank or the U.S. Post Office. We may accept late payment, partial payments, or any payments marked "payment i n full," without losing any
of our rights under this Agreement or Applicable Law.
6. Interest Charges:  Unless you are offered a Promotional Credit Plan as described below, and as not prohibited by Applicable Law, Interest Charges will
begin to accrue upon delivery of the merchandise you purchase. Delivery occurs upon the earlier of the date of shipment of th e merchandise, or the date of
hand delivery of the merchandise. No Interest Charges will be imposed on new purchases, however, if: (a) there was no outstanding balance under your
Account at the beginning of the billing period in which the purchase was made (which includes the period in which you make yo ur initial purchase of
merchandise under this Agreement), and (b) you pay off your Account in full by the payment due date reflected in the monthly periodic statement of account
for that billing period (or in Maine, 25 days after closing date of billing cycle)(though no payment may be due). We figure the Interest Charge on your Account
by applying a daily periodic rate to the "average daily balance" of your Account (including current transactions) and multiplying the result by the number of
days in the billing period. To get the "average daily balance" we take the beginning balance of your Account each day, add any new purchases, and subtract
any payments or credits. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide the total by the number of
days in the billing cycle. This gives us the “average daily balance.” Your daily periodic rate and the corresponding Annual Percentage Rate are indicated in
the chart below. The daily periodic rate will be the annual rate divided by 365 (366 in a leap year). In Ohio, the applicable Interest Charge will not exceed 1
½% a month.

Applicable 
Law 

Daily 
Periodic Rate 
0.0466% 
0.0493% 
0.0521% 
0.0575% 

Corresponding  
ANNUAL PERCENTAGE RATE 
17% 
18% 
19% 
21% 

By your initials below, you 
acknowledge Interest Charges will be 
imposed in amounts or rates not to 
exceed those in the chart to the left 
unless otherwise stated on your 
Charge Slip. 

Buyer  

21.99% 

0.0603% 

AR 
AL, CT, GU, ME, MP, NE, NC, OH, TX, WV 
HI 
CO, GA, IN, LA, MS, OK, TN, VT, WY 
AK, AZ, DE, ID, IA, IL, KS, KY, MD, MI, 
MO, MT, NH, ND, NM, NV, NJ, OR, PA, RI, 
SC, SD, UT, VA, WA, WI 
  Co-Buyer 
Notwithstanding the above, in Alabama, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Kentucky, Michigan, Nevada, New 
Hampshire, North Dakota, Oregon, Tennessee, Virginia, Vermont and Washington, we figure the Interest Charge on your Account by applying the daily 
periodic rate to the “daily balance” of your account for each day in the billing cycle.  To determine the daily balance, we take the beginning balance each day, 
add any new charges posted that day, and subtract any payments and credits posted that day. This gives us the daily balance.   Then, we calculate the 
amount of interest charged by multiplying the applicable daily periodic rate by each daily balance on your account.  Your Interest Charge for the billing cycle 
is the sum of the interest amounts that were charged each day during the billing cycle. In Michigan, the Annual Percentage Rate indicated in the above chart 
is the maximum amount and rate of the time price differential to be charged and paid under this Agreement.  Notwithstanding the above, if we receive 
payment in full of the outstanding balance of your Account, as shown on the billing statement, within 25 days after the end of that billing period, we will not 
impose Interest Charges for the current billing period. Notwithstanding the above, in Virginia and Vermont, if we receive payment in full for the unpaid 
balance on your Account prior to the date we next send a billing statement, no additional Interest Charges will be imposed for the current billing period. 
Notwithstanding the above, in Mississippi, if we receive payment in full for the outstanding balance of your Account, as shown on the billing statement, within 
one month from the date of the billing statement, we will not impose Interest Charges on the new purchases appearing on that  billing statement. The portion 
of any balance arising from the sale of goods which are returned will be excluded from the unpaid balance as of the date the goods are returned.   
7. Minimum Monthly Interest Charge:  As not prohibited by Applicable Law, if the Interest Charge that results from the application of the above stated daily
periodic rate (the "Calculated Interest Charge"), is less than $0.50, we will impose a minimum monthly INTEREST CHARGE of $0.50. In Michigan, Missouri,
and Tennessee, if the Calculated Interest Charge is less than $0.70, we will impose a minimum monthly INTEREST CHARGE of $0.70.  In Delaware,
Georgia, Ohio, Oregon, Pennsylvania and Washington, if the Calculated Interest Charge is less than $1.00, we will impose a minimum monthly INTEREST
CHARGE of $1.00. In Guam and the Northern Mariana Islands, if there is an unpaid balance on the date of which the Interest Charge is applied and the
Interest Charge is less than the Minimum Monthly Charge, a minimum charge not exceeding $4.76 will be made. In Texas, if the Interest Charge that results
from the application of the above stated daily periodic rate is less than $0.75, we will impose a minimum monthly INTEREST CHARGE of $0.75, as not
prohibited by Applicable Law. In Hawaii, Kentucky, Louisiana, Maryland, Nebraska, North Carolina and Wisconsin, we will not impose a minimum monthly
Interest Charge
8. Minimum Monthly Payment: You will make payments of at least the total Minimum Monthly Payment each month as required by our monthly periodic
statements of account. Your total Minimum Monthly Payment will consist of: (1) any past due amounts, and (2) a regularly sche duled Minimum Monthly
Payment. The regularly scheduled Minimum Monthly Payment will be the greater of:  (a) $25; or (b) the highest regularly scheduled Minimum Monthly
Payment shown on any Charge Slip you execute, not to exceed 3.5% of the Account balance immediately following the first or any subsequent purchase on
your Account.
9. Promotional Credit Plans:  In addition to purchases that accrue Interest Charges and require monthly payments as described previously in this
Agreement, as part of this Account, Promotional Credit Plans may be offered from time to time on specific additional purchase s for qualified buyers.
Purchases made under these Promotional Credit Plans may have different interest charge calculations and required minimum paym ents. A Promotional
Credit Plan is strictly limited by its terms and the terms and conditions of the special promotion to which it relates. In addition, the benefits of a Promotional
Credit Plan will expire and all accrued Interest Charges in these plans will be added to your Account if you fail to pay the promotional balance by
the end of the promotional period or you are in default for a period of 60 or more days during the promotional period. In addition, if any required
payment on your Account is not made on time, you will owe a late fee (as described in Paragraph 11 below) and we may exercise our rights
described in Paragraph 13 below. The special promotions that may be offered include:
9.a. Same as Cash Plan: If you pay the full purchase price before the expiration date of a Same as Cash Plan, as indicated on your monthly periodic
statement of account, and pay the Minimum Monthly Payment each billing period when due, no Interest Charges will be imposed on the purchase. If such
payments are not made, Interest Charges from the date of delivery will be added to your Account either when you fail to make a payment within
60 days of the due date or, at the end of the Same as Cash Plan period, calculated at the rate and in the manner described in Paragraph 6 above
for regular non-promotional purchases.
9.a.1. How Payments Are Applied When Same as Cash Plan Is In Effect:  Unless otherwise required by Applicable Law, during the two billing cycles
immediately preceding expiration of the Same as Cash Plan period, any amount paid in excess of the minimum payment due will be allocated first to
the balance subject to the Same as Cash Plan and any remaining portion to any other balances.  We may offer Same as Cash Plan periods of 6
months, 9 months, 12 months or of different lengths that we will announce from time to time.

REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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10. Application of Payments: Unless otherwise required by Applicable Law, payments except down payments, shall be applied first to past due Minimum
Monthly Payments, beginning with the oldest, then to the current Minimum Monthly Payment, and then to other unpaid late fees,  costs and fees arising under
this Agreement. In Colorado and Indiana: For purposes of assessing delinquency charges, payments first will be applied to the current payment due in the
payment period in which the payment is received and then to delinquent installments. Mississippi: Payments will first be applied to any finance charge, next
to repayment of cash advanced or other credit extended, and finally to the chronological repayment of purchases. Arkansas: Partial payments will be applied
first to any accrued Interest Charges.
11. Other Charges:
11.a. Late Fees:  Except in Delaware, Guam, New Mexico, the Northern Mariana Islands and Vermont, you will pay the maximum late fee allowed (which
you agree we will add to the balance due on your Account) for payments not made on time, calculated as Applicable Law allows. Except in Alaska, Arkansas
(5 days), Iowa, Maine (15 days), Maryland, Nevada, North Carolina (30 days), Oregon, Pennsylvania, Rhode Island (40 days), Texas (21 days), Utah and
Virginia (7 days), the statutory time period for the imposition of a Late Fee is 10 days after the due date (“Due Date”) for each payment not received on the
scheduled Due Date.  Currently, Applicable Law provides for the late fees provided in the table below:
AZ, KS, MO 
NC 

$10, $5 when the monthly payment is less than $25 
$5 on accounts having an outstanding balance of less than $100; $10 on accounts having an outstanding balance of 
$100 or more 

15% of the installment 

5% of the unpaid amount 
of the installment 

$10 
$12 
$15 
$20 
$25 
$30 
5% of the installment 

NJ, TX 
RI 
CO 
AK, MD, MI, MS, NV, NH, ND, OR, PA, SD, TN, WI 
GA, IN (The amount of the late fee is subject to change as allowed by Ind. Code §24-4.5-1-106.), WA 
IA 
AR (maximum $5.00), CT (maximum $10), HI (maximum $50), IL (minimum $10), KY (minimum $10), NE 
(minimum $5.00), VA 
AL (minimum $18, maximum $100), ID (minimum $15), LA (minimum $10), ME (maximum $10), OH (maximum 
$3.00), OK (minimum $26.50), SC (minimum $8.40, maximum $21), UT (minimum $30), WV (maximum $30), WY 
(minimum $10) 
MT 
Notwithstanding anything to the contrary above, if the late fee as calculated above would exceed $25, you will not be charged more than $25 for the first 
violation, or $35 for any violation occurring within six billing cycles of a previous late payment. In addition, regardless of the amounts reflected above, you will 
not be charged more than the amount of the required minimum periodic payment due immediately prior to the assessment of the late payment fee.  
11.b. Returned Check Charge:  Except in Nebraska, New Mexico, Pennsylvania and Wyoming, you will pay a returned check charge (except in Guam and
the Northern Mariana Islands, which you agree we will add to the balance due on your Account) if any check, negotiable order of withdrawal, share draft,  or
item you give us for payment under the Agreement is dishonored for any reason by the bank or other institution on which it is drawn. We will impose the
maximum returned check charge as Applicable Law allows of which the current returned check charge is provided in the table below:
ME, VT 
KS 
MD (on the second presentment), MO (plus bank charges) 
CT, ID, NJ, UT 
AZ (plus bank charges), CO, GU, IL, IN, MI ($35 if not paid within 7 days of notice of dishonor), MP, NV, OK, RI, 
WI, WV 
AL, AR (plus bank charges), HI, IA, MT, OH, SC, TN, TX 
AK, DE, KY, MS (a separate demand will be made), NH, NC, ND, OR, SD, VA, WA 
GA (minimum $30 plus bank charges), LA (minimum $25) 
Notwithstanding anything to the contrary above, if the returned check charge as calculated above would exceed $25, you will not be charged more than $25 
for the first violation, or $35 for any violation occurring within six billing cycles of a previously dishonored payment.  In addition, regardless of the amounts 
reflected above, you will not be charged more than the amount of the required minimum periodic payment due immediately prior to the date on which the 
payment is returned or otherwise dishonored.  
11.c. Phone Payment Processing Fee: Except in Colorado, Connecticut, Delaware, Guam, Illinois, Indiana, Kansas, Kentucky, the Northern Mariana
Islands, North Carolina, Texas, Vermont and Wisconsin, you will pay the current phone payment processing fee (which you agree we will add to the balance
due on your Account) for each expedited payment you make by phone. Except in Iowa ($6), the current phone payment processing fee is $11.75. In
Missouri, the phone payment processing fee will only apply to expedited payments made by credit or debit cards.
12. Security Agreement: You grant us a purchase money security interest in each household good purchased with this Account (“Goods”) to the full extent
not prohibited by Applicable Law (including the Uniform Commercial Code which may require that we sign, file or record one or more UCC financing
statements, fixture filings or other documents to perfect or otherwise protect this security interest).  You will, on request, take all reasonable actions
requested by us to preserve and protect the Goods and our security interest in the Goods.  You also agree to take all reasonable action s requested by us to
establish, determine the priority of, perfect, continue the perfection of, terminate or enforce our security interest in the Goods and our rights under this
Agreement.  In addition to other rights we may have under this Agreement, if you do not make payments as agreed, this securit y interest allows us to take
actions not prohibited by Applicable Law governing security interests in the Goods.  You also agree to keep the Goods installed at the address you provided
in your credit application and to not remove or alter the Goods without our prior written consent. You may lose the Goods if  you do not meet your obligations
to us under this Agreement.  We have not (and will not) take any security interest to secure repayment of obligations under this Agreement apart from an
interest in goods as set forth herein, even when a financing statement is filed. Accordingly, we do not maintain any interest in your dwelling or real property
and waive any right we (or our assignee) may have to foreclose on real property pursuant to any applicable real property foreclosure laws.
13. Default:  If you fail to make any payment when due, or if the prospect of your payment, performance, or our realization of collateral is significantly
impaired, to the extent not prohibited by Applicable Law, and subject to any notice of default and opportunity to cure requir ed by Applicable Law, we may
declare the full remaining balance immediately due and payable. We may also repossess any article of merchandise in which we retain a security interest if
we do so peacefully and the law allows it. Notwithstanding the preceding provisions, in the event of a late payment or nonpayment, we will not declare the full
remaining balance immediately due and payable or repossess any article of merchandise if, within the applicable grace period identified in Paragraph 11
above, we receive payment together with any late fees. If you fail to pay within the applicable grace period, we may, at our option, declare the full remaining
balance immediately due and payable, to the extent permitted by Applicable Law. Unless we are required by Applicable Law to provide you a notice of
default and a right to cure, you agree that we do not have to give you notice that we intend to demand or are demanding immediate payment of all you owe.
If the Account is referred to an attorney who is not our salaried employee and we bring suit against you to collect the amount you owe and we are the
prevailing party, you agree to pay our reasonable attorneys’ fees and court costs as not prohibited by Applicable Law. In Wisconsin: If we obtain a court
judgment against you for default under this Agreement, we may request an award of statutory costs and statutory attorney fees pursua nt to section 814.04 of
the Wisconsin Statutes. If our request is granted, you will be required to pay these fees.  In Alabama, Colorado, Connecticut, Guam, Kansas, Missouri,
Montana, Oklahoma (unless financed amounts are less than $5,300) and South Carolina, attorneys’ fees for collection will not exceed 15% (25% in
Louisiana) of the unpaid debt. In New Jersey, attorney’s fees for collection will not exceed 20% of the first $500 of the unpaid debt and 10% on any unpaid

Bank Charge Only 
$10 
$15 
$20 
$25 
$30 
$35 
5% of the amount of the check 

REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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debt in excess of $500. In Alabama, you will not have to pay attorney’s fees after default if the unpaid balance at the time of default is $300 or less. In Ohio, 
you will not have to pay attorney’s fees for collection unless authorized by a court. In Delaware, New Hampshire, North Carolina, and Pennsylvania, if you 
prevail in any action, suit or proceeding we bring or in an action you bring, reasonable attorney’s fees shall be awarded to you.  If you successfully assert a 
partial defense, setoff, recoupment or counterclaim to an action brought by us, the court may withhold from us the entire amo unt or such portion of the 
attorney’s fees as the court deems appropriate. You also agree to pay our collection costs and costs incurred in taking the collateral, holding it, preparing it 
for sale, and selling it, as not prohibited by Applicable Law.  In Iowa, Kentucky, Nebraska, North Dakota, South Dakota and Wisconsin, you will not have to 
pay attorney’s fees. In Maine and West Virginia, you will not pay attorney’s fees or collection costs, other than reasonable charges we incur to realize on our 
security interest in the Goods (other than attorney’s fees). Notwithstanding anything to the contrary above, in Wisconsin, if you have not paid the required 
minimum payment when due on two occasions within any 12-month period, or if you breach a covenant that materially impairs the condition, value or 
protection of or our right to collateral secured under this Agreement or materially impairs your ability to pay amounts you owe us, you will be in default. In 
addition, after we have given you notice of your right to cure the default (where applicable) and after we have waited the appropriate number of days under 
Wisconsin law, we may declare the remaining balance due and payable and we may commence legal action to recover the merchandise.  
14. Canceling or Reducing Your Credit Limit:  We have the right at any time to limit or terminate the use of your Account and raise or lower your credit
limit without giving you advance notice. Some purchases will require prior authorization, in which case you may be asked to provide identification. If our
authorizations system is unavailable, we may not be able to authorize a transaction, even if you have sufficient credit. We will not be liable to you if this
happens. We are not responsible for the refusal of anyone to accept or honor an addition to this Account. In addition, even if you cancel the use of your
Account, you are still responsible for any Account balances incurred by an authorized user that remain unpaid.
15. Change in Terms: You agree that we may amend the terms of this Agreement, subject to any notice required by Applicable Law. To the extent not
prohibited by Applicable Law, any new terms may be applied to any balance existing on the Account at the time of the change, as w ell as subsequent
transactions.
16. No Verbal or Oral Modifications: Except in Connecticut, you agree that we are not bound by any verbal or oral agreements
or verbal or oral modifications to this Agreement.
17. Home Sale Disclosure Laws:  Home Sale Disclosure laws govern this transaction.  The Home Sale Disclosure law applicable to this Agreement is
determined as set forth in paragraphs 1 and 20 of this Agreement: in Alabama, Ala. Code § 5-19-12; Alaska, § 45.02.350; Arizona, title 44, chapter 15;
Arkansas: Ark. Code §§ 4-89-101 et seq.; Colorado, Colo. Rev. Stat. §§ 5-3-401 et seq.; Connecticut, Conn. Gen. Stat. §§ 42-134 et seq.; Delaware, Del.
Code Ann. tit. 6, §§ 4401 et seq.; Georgia, Ga. Code Ann. §§ 10-1-1 et seq.;  Hawaii, Haw. Rev. Stat. §§ 481C-1 et seq.; Idaho, Idaho Code §§ 28-43-401 et
seq.; Illinois, § 815 ILCS 505/2B; Indiana, Ind. Code §§ 24-4.5-2-501 et seq.; Iowa, Iowa Code §§ 555A et seq.; Kansas, Kan. Stat. Ann. § 50-640; Kentucky,
Ky. Rev. Stat. §§ 367.410-367.460; Louisiana, La. Rev. Stat. §§ 9:3538 et seq.; Maine, Me. Rev. Stat. tit. 9-A, §§ 3-501 et seq.; Maryland, Md. Code Ann.,
Com. Law II §§ 14-301 et seq.; Michigan, Mich. Comp. Laws Ann. §§ 445.111 et seq.; Mississippi: Miss. Code Ann. §§ 75-66-1 et seq.; Missouri,  Missouri’s
Home Solicitation Sales Law, Mo. Rev. Stat. §§ 407.700 to 407.720; Montana, Montana Personal Solicitation Sales Act, Mont. Code Ann. §§ 30-14-501 et
seq.; Nebraska, Neb. Rev. Stat. §§ 69-1601 et seq.;  Nevada, Nev. Rev. Stat. §§ 598.140 et seq.; New Hampshire, N.H. Rev. Stat. Ann. §§ 361-B:1 et seq.;
New Jersey, New Jersey Door-to-Door Retail Installment Sales Act of 1968, N.J. Rev. Stat. §§ 17:16C-61 et seq.; New Mexico, N.M. Stat. Ann. § 57-12-21;
North Carolina, N.C. Gen. Stat. §§ 25A-38 et seq.; North Dakota, N.D. Cent. Code §§ 51-18-01 et seq.; Ohio, Ohio Rev. Code §§ 1345.21 et seq.;
Oklahoma, 14A Okla. Stat. §§ 2-501 et seq.; Oregon, Or. Rev. Stat. §§ 83.710 et seq.; Pennsylvania, 73 Pa. Stat. § 201-7; Rhode Island, R.I. Gen. Laws §§
6-28-1 et seq.; South Carolina, S.C. Code Ann. §§ 37-2-501 through 506; South Dakota, S.D. Codified Laws §§ 37-24-5.1 et seq.; Tennessee, Tenn. Code
Ann. §§ 47-18-701 et seq.; Texas, Tex. Bus. & Com. Code §§ 601.001 et seq.; Utah, Utah Code Ann. §§ 70C-5-101 et seq.; Vermont, Vt. Stat. Ann. Tit. 9,
§§ 2451-B:1. et seq.; Virginia, Va. Code §§ 59.1-21.1 et seq.; Washington, Washington's Credit Disclosure Act, Rev. Code Wash. §§ 63.14.010 et seq.; West
Virginia, W.Va. Code § 46A-2-133; Wisconsin, §§ 423.201 et seq.; Wyoming, Wyo. Stat. § 40-12-104 and Wyo. Sta. §§ 40-14-251 et seq.
18. Delay in Taking Action:  We will not lose any of our rights under this Agreement if we delay taking action for any reason. To the extent  not prohibited by
Applicable Law, we may take other action not described in this Agreement, and by doing so will not lose our rights under this Agreement.
19. Severability:  To the extent not prohibited by Applicable Law, including the Wisconsin Consumer Act, if any provision of this Agreement is found to be
unenforceable, all other provisions shall remain in full force and effect.
20. Applicable Law: The law that applies to this Agreement is defined in this Agreement at paragraph 1. Definitions.
21. Telephone Recording:  You understand and agree that for our mutual protection, we may electronically record any of your telephone conversations
conducted with Seller or Seller's assigns, including Preferred Credit, Inc. (PCI), without further notice to the parties to such conversations.  These telephone
conversations include all conversations between you and Seller or Seller's assigns communicated via traditional telephone wire and wireless devices such as
cordless and cellular phones.  You acknowledge and consent to the retention of and use of such recordings by Seller or Seller 's assigns, their employees,
representatives and agents of all information and data obtained in any recorded conversation for purposes of settling disputes as well as for ongoing quality
assurance programs.
22. Communications: You expressly authorize us or our agents to contact you at any phone number (including mobile, cellular/wireless, or similar devices),
fax number, or email address, you provide at any time, for any lawful purpose. The ways in which we may contact you include live operator, automatic
telephone dialing systems (auto-dialer), prerecorded message, text message, fax, or email. Such lawful purposes include, but are not limited to: obtaining
information; account transactions or servicing-related matters; suspected fraud or identity theft; collection on the Account; and providing information about
special products and services. You agree to pay any fee(s) or charge(s) that you may incur for incoming communications from us or outgoing
communications to us, to or from any such number, or email address, without reimbursement from us.
23. Credit Investigation and Reporting: You agree that we may investigate your credit in connection with the initial extension, review, or collection of your
Account.  You agree that we may examine employment and income records, verify your credit references, and report to credit r eporting agencies,
merchants, and other creditors the status and payment history of your Account. A negative credit report may be submitted to a credit reporting agency if you
fail to fulfill the terms of your credit obligations.

Please see Applicable Law for the following disclosures: 

Where Connecticut is the Applicable Law: Insurance, if any, included in this Agreement does not provide coverage for personal liability and 
property damage caused to others.  

Where Arizona is the Applicable Law: NOTICE:  BY GIVING US A SECURITY INTEREST IN THE MERCHANDISE, YOU WAIVE ALL RIGHTS 
PROVIDED BY LAW TO CLAIM THE PROPERTY EXEMPT FROM LEGAL PROCESS. 

Colorado Notice to Cosigner 
You are being asked to guarantee this debt.  Think carefully before you do.  If the borrower doesn't pay the debt, you will have to.  Be sure you can afford to 
pay if you have to, and that you want to accept this responsibility. 

You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase 
this amount.  

The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same  collection methods against you that 
can be used against the borrower, such as suing you, garnishing your wages, etc.  If this debt is ever in default, that fact may bec ome a part of your credit 
record. 
REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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This notice is not the contract that makes you liable for the debt. 

Oral agreements or commitments to loan money, extend credit or forbear from enforcing repayment of a debt including promises to extend or 
renew such debt are not enforceable. To protect you (borrower(s)) and us (creditor) from misunderstanding or disappointment, any agreements 
we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except 
as we may later agree in writing to modify it. 

Where Pennsylvania is the Applicable Law: NOTICE: Any holder of this consumer credit contract is subject to all claims and defenses which the 
debtor could assert against the seller of goods or services obtained with the proceeds hereof. Recovery hereunder by the debtor shall not exceed 
amount paid by the debtor hereunder. 

Where Louisiana is the Applicable Law: If you default, we may choose to institute executory, ordinary, or other legal proceedings to have the articles of 
merchandise taken from you and sold to satisfy your obligations to us. You confess judgment in favor of us for the full amount you owe under this 
Agreement for purposes of Louisiana’s executory process procedures, and consent to a judgment being rendered and signed in our favor for that amount. To 
the extent permitted by law, you waive any benefits of an appraisal of the articles of merchandise and other rights under Articles 2331, 2332, 2336, 2722, 
2723, and 2724 of the Louisiana Code of Civil Procedures when the articles of merchandise is sold under executory process or  other legal process, and any 
other law that may give you similar rights and benefits. You also authorize us to serve as keeper or appoint a keeper if the articles of merchandise is taken 
from you through legal proceedings. If you owe us a deficiency, you may be charged interest at the Annual Percentage Rate or the highest lawful rate until 
you pay us all that you owe. 

Where Texas is the Applicable Law: For questions or complaints about this Contract, contact Preferred Credit, Inc. at (800) 972-0825 or 
www.preferredcredit.com. The Office of Consumer Credit Commissioner (OCCC) is a state agency, and it enforces certain laws that apply to this Contract.  If 
a complaint or question cannot be resolved by contacting the creditor, consumer can contact the OCCC to file a complaint or a sk a general credit-related 
question.  OCCC address: 2601 N. Lamar Blvd., Austin, Texas 78705. Phone: (800) 538-1579. Fax: (512) 936-7610. Website:  occc.texas.gov. E-Mail: 
consumer.complaints@occc.texas.gov. 

Where Ohio is the Applicable Law: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy 
customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission 
administers compliance with this law. 

Where Utah is the Applicable Law: As required by Utah law, you are hereby notified that a negative credit report reflecting on your credit record may be 
submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations. 

Where Vermont is the Applicable Law: NOTICE TO CO-SIGNER:  YOUR SIGNATURE ON THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE 
FOR REPAYMENT OF THIS LOAN.  IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU. 

ARBITRATION PROVISION 

Except in New Jersey and Wisconsin, this Arbitration Provision significantly affects your rights in any dispute with us. Please read this 
Arbitration Provision carefully before you sign it. 
1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT.
2. IF A DISPUTE IS ARBITRATED, YOU AND WE WILL EACH GIVE UP OUR RIGHT TO A TRIAL BY THE COURT OR A JURY TRIAL.
3. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON
ANY CLASS CLAIM YOU MAY HAVE AGAINST US.
4. THE INFORMATION YOU AND WE MAY OBTAIN IN DISCOVERY FROM EACH OTHER IN ARBITRATION IS GENERALLY MORE LIMITED THAN
IN A LAWSUIT.
5. OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION.
6. EVEN IF A DISPUTE IS ARBITRATED, WE CAN STILL REPOSSESS YOUR MERCHANDISE IF YOU DO NOT HONOR YOUR AGREEMENT AND
YOU OR WE MAY SEEK PROVISIONAL REMEDIES FROM A COURT.

Any claim or dispute, whether in contract, tort or otherwise (including the interpretation and scope of this clause and the arbitrability of any issue), between 
you and us or our employees, agents, successors or assigns, which arises out of or relates in any manner to the purchase and financing of the merchandise 
under the Agreement or any resulting transaction or relationship (including any such relationship with third parties who do not sign the Agreement) shall, at 
your or our election (or the election of any such third party), be resolved by neutral, binding arbitration and not by a court action. Any claim or dispute is to be 
arbitrated on an individual basis and not as a class action, and you expressly waive any right you may have to arbitrate a class action (this is called 
the "class action waiver"). You may choose the applicable rules of either the American Arbitration Association (1-800-778-7879), JAMS (800-352-5267) or 
any other nationally recognized arbitration organization, subject to our approval, and if the arbitration organization selected by you is unwilling to serve, we 
shall select the arbitration organization. We waive the right to require you to arbitrate an individual (as opposed to a clas s) claim if the amount you seek to 
recover, including attorneys' fees and expenses, is less than $7,500 or the maximum jurisdiction the venue of a state court providing for the resolution of 
small claims. You may obtain a copy of the rules of these organizations by calling the numbers indicated or by visiting their web sites. 

The arbitrators shall be attorneys or retired judges and shall be selected in accordance with the applicable rules. The arbit ration award shall be in writing, but 
without a supporting opinion. The arbitration hearing shall be conducted in the federal district in which you reside. If you demand arbitration first, you will pay 
one half of any arbitration filing fee. We will pay the rest of the filing fee, and the whole filing fee if we demand arbitration first or if the arbitrator determines 
that applicable law requires us to do so or that you are unable to do so or that we must do so in order for this Arbitration Provision to be enforceable. We will 
pay the arbitration costs and fees for the first day of arbitration, up to a maximum of eight hours. We will also pay any fees and charges that the 
arbitrator determines that we must pay in order to assure that this Arbitration Provision is enforceable. The arbitrator shall decide who shall pay any 
additional costs and fees. 

The arbitrator's award shall be final and binding on all parties, except in the event where either there is a “take nothing” award or the award is in excess of 
$100,000 either party may request a new arbitration under the rules of the arbitration organization by a three-arbitrator panel. 

This Arbitration Provision relates to a contract that evidences a transaction involving interstate commerce. Any arbitration  under this Arbitration Provision 
shall be governed by the Federal Arbitration Act (9 U.S.C. §§ 1 et seq.). If a court should determine that the transaction did not involve interstate commerce, 
the parties agree that this Arbitration Provision shall be governed by state law. 

REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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If any part of this Arbitration Provision other than the Class Action Waiver is found by a court or arbitrator to be unenforceable, the remainder shall be 
enforceable. This Arbitration Provision shall survive the termination of any contractual agreement between you and us, whethe r by default or repayment in 
full. 

You may elect to opt-out of the arbitration provision only by notifying us in writing at Preferred Credit, Inc., 628 Roosevelt Road, St. Cloud, MN 56301 within 
30 days from the date in which you signed this Agreement, and including in the notice your name, address and account number and a clear statement that 
you do not wish to resolve disputes through arbitration. No one else may sign the rejection notice for you. Your rejection notice also must not be sent with 
any other correspondence. Rejection of arbitration will not affect your other rights or responsibilities under this Agreement. If you reject arbitration, neither 
you nor we will be subject to the arbitration provisions for this Agreement. Rejection of arbitration for this Agreement will not constitute rejection of any prior 
or future arbitration provision between you and us. 

NOTICE: ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD 
ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY 
HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER. 
Where Connecticut is the Applicable Law: By signing below, you acknowledge that you have read Paragraph 9 of this Agreement and have been 
informed of the consequences of failing to make the first or any future deferred or promotional installment payment in a timely manner. 
Where Michigan is the Applicable Law: The seller retains a security interest in the subject matter of this agreement. 
NOTICE TO BUYER: (a) Do not sign this Agreement before you read it or if any spaces intended for the agreed terms are left blank.  (b) You are 
entitled to an exact copy of this Agreement at the time you sign it.  (c) You may at any time pay off the full unpaid balance under this Agreement. 
(d) BUYER’S RIGHT TO CANCEL: If Iowa, New Hampshire, Rhode Island, Washington or Wyoming is the Applicable Law, you may cancel any
purchases made under this Agreement if the seller or his representative solicited in person such purchase, and you sign an agreement for such
purchase, at a place other than the seller's business address shown on this Agreement, by sending notice of such cancellation by certified mail
return receipt requested to the seller at his address shown on this Agreement, which notice shall be posted not later than midnight of the third
day (excluding Sundays and holidays) following your signing of the purchase agreement.  If you choose to cancel the purchase, you must return
or make available to seller at the place of delivery any merchandise, in its original condition, received by you under the purchase agreement.  See
the notice of cancellation in your copy of the Charge Slip.  If Arizona, North Dakota, or Rhode Island is the Applicable Law, the seller has no right
to unlawfully enter your premises or commit any breach of the peace to repossess goods purchased under this Agreement. If Connecticut is the
Applicable Law: Under the law, you have the following rights, among others: (a) to pay off in advance the full amount due and obtain a partial
refund of any unearned finance charge; (b) to redeem the property if repossessed for a default; (c) to require, under certain conditions, a resale of
the property if repossessed.  If Hawaii is the Applicable Law: This contract is covered by Hawaii’s credit sale law, and you have rights of a buyer
under that law. You also may have other rights under other state and federal law.  If New Hampshire is the Applicable Law: ANY BUYER MAY
CANCEL THIS TRANSACTION ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THIS TRANSACTION. Your
signatures below mean that you have received a completely filled in copy of this Agreement. Keep this Agreement to protect your legal rights.
CAUTION- IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT.
Your signature(s) below mean that (a) you have read and understand the terms and conditions as set forth on all pages of this Agreement; (b) you 
agree to the terms of this Agreement; and (c) you will pay any advances made under this Agreement according to its terms. 

BUYER: 

CO-BUYER : 

SELLER: 

CREDIT SALE CONTRACT 

BUYER SIGNATURE: 

CO-BUYER SIGNATURE: 

SELLER  SIGNATURE: 

SALE: 
Sales Rep:    

PCI Client No.:           

Your Billing Rights. Keep This Notice For Future Use. This notice contains important information about your rights and our responsibilities under 
the Fair Credit Billing Act.  

What To Do If You Find A Mistake On Your Statement 
If you think there is an error on your statement, write to us at: Preferred Credit, Inc., 628 Roosevelt Road, St. Cloud, MN 56301. 

In your letter, give us the following information: 

•
•
•

Account information:  Your name and account number.
Dollar amount:  The dollar amount of the suspected error.
Description of problem:  If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.

You must contact us: 

• Within 60 days after the error appeared on your statement.
•

At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors and you may have 
to pay the amount in question. 

What Will Happen After We Receive Your Letter 
When we receive your letter, we must do two things: 

1. Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error.
2. Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the bill is correct.

REVISED  10-01-2020      
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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While we investigate whether or not there has been an error: 

The charge in question may remain on your statement, and we may continue to charge you interest on that amount.  

•  We cannot try to collect the amount in question, or report you as delinquent on the amount. 
• 
•  While you do not have to pay the amount in question, you are responsible for the remainder of your balance. 
•  We can apply any unpaid amount against your credit limit. 

After we finish our investigation, one of two things will happen: 

• 
• 

If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. 
If we do not believe there was a mistake:  You will have to pay the amount in question, along with the applicable interest and fees.  We will send 
you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think 
you owe. 

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you  still refuse to pay. If you do so, we 
cannot report you as delinquent without also reporting that you are questioning your bill.  We must tell you the name of anyone to whom we reported you as 
delinquent, and we must let those organizations know when the matter has been settled between us.   

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your bill is correct. 

Your Rights If You Are Dissatisfied With Your Account Purchases: 
If you are dissatisfied with the goods or services that you have purchased with your Account and you have tried in good faith to correct the problem with the 
merchant, you may have the right not to pay the remaining amount due on the purchase. 

To use this right, all of the following must be true: 

1.  The purchase must have been made in your home state or within 100 miles of your current mailing address, and the purchase price must have 
been more than $50. (Note: Neither of these are necessary if your purchase was based on an advertisement we mailed to you, or if we own the 
company that sold you the goods or services.) 

2.  You must have used your Account for the purchase.  Purchases made with cash advances from an ATM or with a check that accesses your 

account do not qualify.  

3.  You must not yet have fully paid for the purchase.    

If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at: Preferred Credit, Inc., 628 Roosevelt Road, St. 
Cloud, MN 56301. 

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell you our decision. At that 
point, if we think you owe an amount and you do not pay, we may report you as delinquent. 

Assignment by Seller: For Value Received: Seller sells and assigns this Retail Charge Agreement (the “Agreement”) to Preferred Credit, Inc.,  628 
Roosevelt Road,  St. Cloud, MN 56301, the assignee, its successors and assigns, including all of Seller’s rights, title, and interest in this Agreement. 
Assignee has full power to take all legal and other actions, which Seller could have taken under this Agreement. The undersigned acknowledges that this 
Assignment incorporates by reference the terms of the Finance Agreement between the undersigned and Preferred Credit, Inc. including but not limited to 
the representations, warranties, liabilities, conditions and obligations of the undersigned contained therein. 

ASSIGNMENT – OFFICE USE ONLY 

(Corporate, Firm or Trade Name of Seller) 

X 
  (Owner, Officer or Firm Member)         

THIS DOCUMENT IS SUBJECT TO A SECURITY INTEREST IN FAVOR OF US BANK NATIONAL ASSOCIATION. 

REVISED  10-01-2020                                                                                                                                                                                                                                                                EE-UB04-R                                                                                                                                                                                                                                                                                                                                                                                                                                                    
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.                                     Page 7 of 7