RETAIL CHARGE AGREEMENT/NONEGOTIABLE CONSUMER NOTE/RETAIL INSTALLMENT CONTRACT/RETAIL INSTALMENT CREDIT 
AGREEMENT/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 

NOTICE:  IF YOU ARE MARRIED, YOU MAY APPLY FOR CREDIT SEPARATELY AS AN INDIVIDUAL. 

UB47-F 

Last Name                                                                                                                       First Name                                                                                                                     Middle Init. 

Social Security #     

Home Phone #   

Cell Phone #  

APPLICANT – Individual, relying on your own income, unless Co-Applicant section completed 

Date of Birth 

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

❑ SPOUSE  ❑ CO-BUYER;     RELATIONSHIP: _________________________________________ 
Last Name                                                                                                                       First Name                                                                                                                     Middle Init. 

Date of Birth 

Social Security #     

CO-APPLICANT – Joint, with another person      

Wisconsin  Residents: 
Include  spouse’s  contact 
information regardless of application type                UB47-F 

Home Phone #   

Cell Phone #  

Physical Address                                                                                                                                                                                                                                                                              

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 if New York law 
governs (see paragraphs 1 and 19 of this Agreement)) you purchase under this Agreement which are described in any order, invoice or similar document issued by the Seller 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. If Delaware law governs (see paragraphs 1 and 19 of this Agreement), service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month. 
3. If Wisconsin Law governs (see paragraphs 1 and 19 of this Agreement), 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. No Oral Modifications: If California law governs (see paragraphs 1 and 19 of this Agreement), you agree that we are not bound by any oral agreements or oral modifications to this Agreement.  

X ____________                      X ____________                                    

              Buyer Initials                                                 Co-Buyer Initials 
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. 
If Hawaii law governs (see paragraphs 1 and 19 of this Agreement), 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.  

CREDIT SALE CONTRACT/RETAIL INSTALMENT CREDIT AGREEMENT 

X                                                                         Date        /       / 

Buyer’s Signature                                                                                                                                                                                                           
Seller’s Company Name and Address: 
Company Name: 

  X                                                                   Date        /       / 
  Co-Buyer’s Signature                                                                                                                                                                                      

Sale Information 
Consultant:                                                                                                                                   Seller’s Initials: 

  Your  signature(s)  below  mean  that  (a) 
you  have  read  and  received 
the 
Additional Terms and Conditions to 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. 

X 
Buyer’s Signature                                                                                                                                                                                                           
  X 

  Co-Buyer’s Signature                                                                                                                                                                                      

Promotional Credit Plan (if applicable): 

Address: 

PCI Client No.:                                                                                                                             Decision Code:                                                                                               

AUTHORIZATION FOR PREAUTHORIZED PAYMENTS 
By signing below, I hereby request and authorize Preferred Credit, Inc. (PCI) to initiate entries to debit my account on the due date for the minimum monthly payment amount shown on my monthly 
periodic statement of account (or the next business day if the due date falls on a weekend or holiday) and as otherwise described below. This authority is to remain in full force and effect until PCI is 
paid in full, or PCI has received written notification of its termination at P.O Box 1679, St. Cloud, MN 56301 or I have notified my financial institution at least three business days before the scheduled 
payment. In addition to the payment amount, I request and authorize PCI to initiate entries to debit my account to collect any incidental fees or charges that may be due on the Agreement following 
maturity, as permitted by applicable law. 

Bank/Financial Institution Name: 
Check Which One Applies: 
❑ CHECKING    ❑ SAVINGS 

Routing Number: 

 Location (City, State, Zip): 

Account Number: 

Name (Print): 

Signature:  X 
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 Rd., Suite #100, P.O. Box 1679, St. Cloud, 
MN 56302, the assignee, its successors and assigns, including all of Seller’s rights, title, and interest in this Agreement and any guarantee executed in connection with this Agreement. Assignee has full 
power to take all legal and other actions, which Seller could have taken under this Agreement.  

(Corporate, Firm or Trade Name of Seller) 
X 
(Owner, Officer or Firm Member)         

 Florida documentary stamp tax required by law in the amount of $0.35 for every $100 or fraction thereof of the indebtedness has been paid or will be paid directly to the Department of 
Revenue. Certificate of Registration No. 78-8013652822-2 (for Agreements Assigned to Preferred Credit, Inc.). (Fla. Admin. Code §12B-4.001(2)(g) & Fla. Stat. Ann. § 201.08). 
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION.  THE TERMS OF THIS CONTRACT ARE CONTAINED ON MORE THAN ONE PAGE.  
THIS DOCUMENT IS SUBJECT TO A SECURITY INTEREST IN FAVOR OF US BANK NATIONAL ASSOCIATION. 

(Date) 

REVISED  1-2-2019                                                                                                                                                                                                                                                                                          UB47-F                                                                                                                                                                                                                                                                                                                                                                                                                                                    
© 1990-2019 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited. 

 
 
                                                     
               
 
 
 
 
                                                     
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
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 
How to Avoid Paying Interest 

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. 
If you are charged interest the charge will be no less than an amount that varies by State between $0.00 and $3.22. 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. 

Minimum Interest Charge 
For Credit Card Tips from the 
Consumer Financial Protection Bureau 
Fees 
Transaction Fees 
Penalty Fees 

•  Late Payment 
•  Return Payment 

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 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 Purchase Orders, 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 “Buyer Information” 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 “Purchase Order” 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 Purchase Order 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 Purchase Order signed by you (or completed at your direction), and for any previous unpaid balance. 
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. 
If Kentucky, Michigan, Nebraska, Ohio, Oklahoma, Tennessee or Vermont Law governs (see paragraphs 1 and 19 of this Agreement), you will receive a monthly periodic statement of 
account if you have an outstanding balance. 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.  
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, 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 

Corresponding  
ANNUAL PERCENTAGE RATE 
17% 
18% 
19% 
21% 
21.99% 

Daily  
Periodic Rate 
0.0466% 
AR 
0.0493% 
AL, CT, FL, GU, ME, MA, MN, MP, NE, NC, OH, TX, WV 
0.0521% 
HI 
0.0575% 
CO, GA, IN, LA, MS, OK, TN, VT, WY 
AK, AZ, CA, DC, DE, ID, IA, IL, KS, KY, MD, MI, MO, MT, NH, 
0.0603% 
ND, NM, NV, NJ, NY, OR, PA, RI, SC, SD, UT, VA, WA, WI 
Notwithstanding the above, if Alabama, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Michigan, Nevada, New 
Hampshire, North Dakota, Oregon, Tennessee, Virginia, Vermont or Washington law governs (see paragraphs 1 & 19 of this Agreement), 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. If Michigan Law governs (see paragraphs 1 and 19 of this Agreement), 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 Virginia law governs (see paragraphs 1 and 19 of this Agreement) and 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. 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.  Notwithstanding the above, if 
Minnesota Law governs (see paragraphs 1 and 19 of this Agreement), the calculation of the average daily balance will be made by excluding from the daily balances the amount of each 
sale from the date until the last day of the regular billing cycle during which the sale was made.  Notwithstanding the above, if Mississippi law governs (see paragraphs 1 and 19 of this 
Agreement) and 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. If Maryland law governs (see paragraphs 1 and 19 of this Agreement) and 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. 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 allowed 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, and if Michigan, Missouri, New York or Tennessee law governs (see paragraphs 

NOTICE: For use only if the District of Columbia law governs (see paragraphs 1 and 19 of this Agreement) 

X____________________________________ X____________________________________ X____________________________________ 

            Buyer’s Signature 

            Co-Buyer’s Signature 

            Seller’s Signature 

NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION.  THE TERMS OF THIS CONTRACT ARE CONTAINED ON MORE THAN ONE PAGE. 

Page 2 of 5 

 
 
 
 
      
 
1 and 19 of this Agreement), and if the Calculated Interest Charge is less than $0.70, we will impose a minimum monthly INTEREST CHARGE of $0.70, and if Delaware, Florida, 
Georgia, Ohio, Pennsylvania or Washington law governs  (see paragraphs 1 & 19 of this Agreement), and if the Calculated Interest Charge is less than $1.00, we will impose a minimum 
monthly INTEREST CHARGE of $1.00, and if Kentucky, Maryland, Mississippi, New York or Virginia law governs (see paragraphs 1 and 19 of this Agreement) and we receive payment 
in full for the unpaid balance on your Account prior to the next billing date, we will not impose a minimum additional Interest Charge for that billing period. If Guam or the Northern Mariana 
Islands law governs (see paragraphs 1 and 19 of this Agreement) and 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. If Hawaii, Nebraska or North Carolina law governs (see paragraphs 1 and 19 of this Agreement), 
we will not impose a minimum monthly Interest Charge and if Nebraska law governs (see paragraphs 1 and 19 of this Agreement), and we receive payment in full for the unpaid balance 
on your Account prior to the next billing date, we will not impose a minimum additional Interest Charge for that billing period.  If Texas law governs (see paragraphs 1 and 19 of this 
Agreement) and 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 allowed by law.  
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 equal to the greater of: (a) the regularly scheduled Minimum Monthly Payment shown on your Purchase Order; (b) $25.00; or (c) 2.50% 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), California (15 days), Iowa, Maine (15 days), 
Maryland, Nevada, North Carolina (30 days), Oregon, Pennsylvania, Rhode Island (40 days), Texas (21 days) 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 (see paragraphs 1 and 19 of this Agreement) 
provides for the late fees provided in the table below: 
AZ, KS, MO 
NC 
TN 
FL, MD, NJ, TX 
RI 
CA, CO, DC 
IN (The amount of the late fee is subject to change as allowed by Ind. Code §24-4.5-1-106.) 
GA, NH, ND, SD, WA, WV 
IA 
AK (minimum $10), CT (maximum $10), HI (maximum $50), IL (minimum $10), KY (minimum $10) MI (minimum $15), MN (minimum 
$8.56), MS (minimum $25), NE (minimum $5.00), NY (maximum $5), NV, OR, PA (minimum $25), VA, WI 
AL (minimum $18, maximum $100), AR (maximum $5.00), ID (minimum $15), LA (minimum $10), ME (maximum $10), OH (maximum 
$3.00), OK (minimum $25.50), SC (minimum $7.40, maximum $18.50), UT (minimum $30), WV (minimum $30), WY (minimum $10) 
MA (maximum $10 

$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 

$5 
$10 
$12 
$15 
$19 
$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 

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 Connecticut, District of Columbia, 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 (see paragraphs 1 and 19 of this Agreement) of which the current returned check charge is provided in the table below:  
Bank Charge Only 
ME, VT 
$10 
KS 
$15 
CA, MD (on the second presentment), MO (plus bank charges) 
$20 
CT, ID, NJ, NY, UT 
$25 
AZ (plus bank charges), CO, FL, GU, IL, IN, MI ($35 if not paid within 7 days of notice of dishonor), MP, NC, NV, OK, RI, WI 
$30 
AL, AR (plus bank charges), HI, IA, MN, MT, OH, SC, TN, TX 
$35 
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) 
5% of the amount of the check 
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 California, 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. 
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).  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 

NOTICE: For use only if the District of Columbia law governs (see paragraphs 1 and 19 of this Agreement) 

X____________________________________ X____________________________________ X____________________________________ 

            Buyer’s Signature 

            Co-Buyer’s Signature 

            Seller’s Signature 

NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION.  THE TERMS OF THIS CONTRACT ARE CONTAINED ON MORE THAN ONE PAGE. 

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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 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 Colorado, Connecticut, Kansas, Missouri, Montana, Oklahoma and South Carolina, attorneys’ fees for collection will not exceed 15%, 20% in 
New York, of the unpaid debt.  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 New Hampshire: 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. In North Dakota, you will not have to pay our attorney’s fees. 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 and Nebraska 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, if Wisconsin law governs (see paragraphs 1 and 19 of this Agreement), 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 and California, 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 allowed by 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:  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. Phone numbers, fax numbers, and email addresses you provide. 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 (see paragraphs 1 and 19 of this Agreement) 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. 

NOTICE: For use only if the District of Columbia law governs (see paragraphs 1 and 19 of this Agreement) 

X____________________________________ X____________________________________ X____________________________________ 

            Buyer’s Signature 

            Co-Buyer’s Signature 

            Seller’s Signature 

NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION.  THE TERMS OF THIS CONTRACT ARE CONTAINED ON MORE THAN ONE PAGE. 

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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. 
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., P.O. Box 1679, St. Cloud, MN 56302. 
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.) 

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., P.O .Box 1679, St. Cloud, MN 56302. 
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. 

REVISED  1-2-2019        
© 1990-2019 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited. 

UB47-F                                                                                                                                                                                                                                                                                                                                                                                                                                                    

NOTICE: For use only if the District of Columbia law governs (see paragraphs 1 and 19 of this Agreement) 

X____________________________________ X____________________________________ X____________________________________ 

            Buyer’s Signature 

            Co-Buyer’s Signature 

            Seller’s Signature 

NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION.  THE TERMS OF THIS CONTRACT ARE CONTAINED ON MORE THAN ONE PAGE. 

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