RETAIL CHARGE AGREEMENT/ NONEGOTIABLE CONSUMER NOTE/ RETAIL INSTALLMENT CONTRACT/   
CREDIT SALE CONTRACT/ RETAIL INSTALMENT CREDIT AGREEMENT/ 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 

E-UA03-R 

APPLICATION 
NOTICE:  IF YOU ARE MARRIED, YOU MAY APPLY FOR CREDIT SEPARATELY AS AN INDIVIDUAL. 

PCI Consumer Account No. 

PCI Client No.:                                                                                                                                                                                                                            

IDENTIFICATION VERIFICATION:  
Last Name                                                                                                                       First Name                                                                                            Middle Init. 

Date of Birth 

Social Security #     

Home Phone #   

Cell Phone #  

APPLICANT – Individual, relying on your own income, unless Co-Applicant section completed 

Physical Address                                                                                                                                                                                                                                                                              

Monthly Gross Income - Alimony, child support and maintenance payments need not be disclosed if you do not wish us to consider 
them in determining your credit worthiness. 
$ 

Email Address

CO-APPLICANT INFORMATION:   
IDENTIFICATION VERIFICATION:  
Last Name                                                                                                                       First Name                                                                                            Middle Init. 

Physical Address                                                                                                                                                                                                                                                                              

CO-APPLICANT – Joint, with another person      

Wisconsin Residents: Include spouse’s contact information 
regardless of application type                                                   E-UA03-R 

Date of Birth 

Social Security #     

Home Phone #   

Cell Phone #  

Email Address 

Monthly Gross Income - Alimony, child support and maintenance payments need not be disclosed if you do not wish us to consider 
them in determining your credit worthiness. 
$ 
1. By signing below you (a) apply for credit (joint credit if Applicant and Co-Applicant sign); (b) agree that, to the best of your knowledge, all information contained in the application above is complete 
and accurate; (c) recognize that we may obtain consumer reports on you in connection with your application and may obtain and use subsequent reports in connection with an update, renewal or 
extension of credit for which you may apply, and other uses not prohibited by law; (d) expressly authorize any third party (i.e. creditor, bank, or financial institution, employer, landlord, etc.) to release 
whatever information that we may request concerning you; (e) agree that we may monitor and record telephone calls regarding your account for quality assurance and for other reasons not 
prohibited by law; (f) expressly consent and agree to us using written, electronic or verbal means to contact you as not otherwise prohibited by law including, but not limited to, contact by manual 
calling methods, prerecorded or artificial voice messages, text messages, emails, and/or automatic dialing systems and do so using any email address, or telephone number you provide, now or 
in the future, including a number for a mobile phone or other wireless device regardless of whether you may incur charges as a result; (g) acknowledge that the terms and conditions of this 
Agreement are subject to credit approval; (h) acknowledge that Interest Charges will be imposed in amounts or rates not in excess of those permitted by law; (i) grant us a purchase money 
security interest in any goods (any goods over $200 in New York) you purchase under this Agreement which are described in any order, invoice or similar document issued by the Seller (as 
provided below) which becomes part of this Agreement; (j) acknowledge that this instrument is not negotiable; and (k) acknowledge that you are receiving the Retail Charge Agreement: Additional 
Terms and Disclosures. The Additional Terms and Disclosures are in effect on the date of execution and incorporated herein. 
2. Where Delaware is the Applicable Law: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month. 
3. Where Wisconsin is the Applicable Law: No provision of a marital property agreement, a unilateral statement under Wis. Stat. Ann. §766.59, or a court decree under Wis. Stat. Ann. §766.70 
adversely affects Seller’s interest unless the Seller, prior to the time credit is granted, is furnished with a copy of the agreement, statement, or decree or has actual knowledge of the adverse 
provision when the obligation to Seller is incurred. 
4. 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. 
NOTICE TO THE BUYER: (1) Do not sign this agreement if any of the spaces intended for the agreed 
terms are left blank. (2) You are entitled to a copy of this agreement at the time you sign it. (3) You may at 
any time pay off the full unpaid balance under this agreement. 4) If you desire to pay off in advance the 
full amount due, the amount which is outstanding will be furnished upon request. (5) You may under 
certain circumstances redeem the property, if repossessed because of your default, and you may, 
under certain conditions, require a resale of the property if repossessed. (6) The seller has no right to 
unlawfully enter your premises or commit any breach of the peace to repossess goods purchased 
under this agreement.  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. 
Where 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.  

  Your signature(s) below mean that  
(a) you have read and understand the terms and conditions as set forth 
on all 6 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. 

CREDIT SALE CONTRACT/RETAIL INSTALMENT CREDIT AGREEMENT 

X                                                                                                               Date       
Applicant/Buyer’s Signature                                                                                                                                                                                                           

X 
  Applicant/Buyer’s Signature                                                                                                                                                                                                           

X                                                                                                               Date       
Co-Applicant/Co-Buyer’s Signature                                                                                                                                                                                      
SELLER: 
Company Name: 

SALE: 
Consultant:                                                                                                                                   Seller’s Initials: 

X 
  Co-Applicant/Co-Buyer’s Signature                                                                                                                                                                                      

PROMOTIONAL CREDIT PLAN (if applicable): 

Address: 

THIS DOCUMENT IS SUBJECT TO A SECURITY INTEREST IN FAVOR OF US BANK NATIONAL ASSOCIATION. 

Page 1 of 6 

 
                                                     
               
 
 
 
                                                     
 
 
 
 
   
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
RETAIL CHARGE AGREEMENT: ADDITIONAL TERMS AND DISCLOSURES 
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 identifies 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. 
Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for 
Purchases 

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. 

How to Avoid Paying Interest 

Minimum Interest Charge 

For Credit Card Tips from the Consumer 
Financial Protection Bureau 
Fees 
Transaction Fees 
Penalty Fees 

None. 

•  Late Payment 
•  Return Payment 

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 the 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 goods 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 for 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 you 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 Law. 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 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 for 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 in 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 the 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 your 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% 
0.0603% 

Corresponding  
ANNUAL PERCENTAGE RATE 
17% 
18% 
19% 
21% 
21.99% 

AR 
AL, CT, GU, ME, MA, 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, NY, OR, PA, RI, SC, SD, UT, VA, WA, WI 
Notwithstanding the above, in Alabama, Arkansas, Colorado, 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, 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.   

________________  _______________ 
                                Buyer                                        Co-Buyer 

By your initial(s) below, you hereby 
acknowledge Interest Charges will be 
imposed in amounts or rates not to 
exceed those in the chart to the left. 

Page 2 of 6 

 
 
 
$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 

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, New York 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, 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, 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 scheduled 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 purchases for qualified buyers. Purchases made under these Promotional Credit Plans may have different interest charge 
calculations and required minimum payments. 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.  
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, Massachusetts (15 days), 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 
NJ, TX 
RI 
CO 
AK, MD, MI, MS, NV, NH, NY, 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 
CT (maximum $10), HI (maximum $50), IL (minimum $10), KY (minimum $10), NE (minimum $5.00), VA 
AL (minimum $18, maximum $100), AR (maximum $5.00), ID (minimum $15), LA (minimum $10), ME (maximum $10), OH (maximum 
$3.00), OK (minimum $26.50), SC (minimum $7.40, maximum $18.50), UT (minimum $30), WV (maximum $30), WY (minimum $10) 
MA (maximum $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 Massachusetts, 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, NY, UT 
AZ (plus bank charges), CO, GU, IL, IN, MI ($35 if not paid within 7 days of notice of dishonor), MP, NC, 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, 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, Delaware, Guam, Illinois, Indiana, Kansas, Kentucky, Massachusetts, New York, 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 (in New York, goods over $200) 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 actions 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 security 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.   
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 

$10 
$12 
$15 
$20 
$25 
$30 
5% of the installment 
5% of the unpaid amount  
of the installment 
10% of the unpaid amount of the installment 
15% of the installment 

Bank Charge Only 
$10 
$15 
$20 
$25 
$30 
$35 
5% of the amount of the check 

Page 3 of 6 

Applicable Law, and subject to any notice of default and opportunity to cure required 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 pursuant 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 and South Carolina, attorneys’ fees for collection will not exceed 15%, 20% in 
New York and 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 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, 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 amount 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 and North Dakota, 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 well 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. 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. 
18. 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. 
19. Applicable Law: The law that applies to this Agreement is defined in this Agreement at paragraph 1. Definitions. 
20. 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. 
21. 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. 
22. 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 reporting 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 become a part of your credit record. 
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 ask 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. 

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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 class) 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 arbitration 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. 
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, whether 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. 
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. 

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.) 

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2. 
3. 

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.  
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. 
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. 

ASSIGNMENT – OFFICE USE ONLY 
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. 

(Corporate, Firm or Trade Name of Seller) 
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. 

X 
  (Owner, Officer or Firm Member)         

E-UA03-R                                                                                                                                                                                                                                                                                                                                                                                                                                                    

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