RETAIL CHARGE AGREEMENT/ SECURITY AGREEMENT 
Preferred Credit, Inc. – 628 Roosevelt Road, St. Cloud, MN 56301    ZIP Line: 877-878-1079    Customer Service: 800-972-0825 

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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and 
money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that i dentifies each person who opens an 
account.  What this means for you: When you open an account, we will ask for your name, address, date of birth, and other inf ormation that will allow us to 
identify you. We may also ask to see your driver's license or other identifying documents. 

DATE: 

BUYER: 

PCI ACCOUNT NO. 

CO-BUYER: 

By your initials below, you certify that the information provided above 
is true and correct. 

By your initials below, you certify that the information provided above 
is true and correct. 

SELLER: 

Buyer 

Co-Buyer 

SALE: 
Sales Representative:

PCI Client No.:  

Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for 
Purchases 
How to Avoid Paying Interest 

Minimum Interest Charge 
For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 
Fees 
Transaction Fees 
Penalty Fees 

• Late Payment
• Return Payment

18%. 
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 $1.00. 

To learn more about factors to consider when applying for or using a credit card, visit the website of the 
Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. 

None. 

$10. 
$25. 

How We Will Calculate Your Balance:  We use a method called “daily balance (including new purchases).”   
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 of Florida. You and we agree
that these Applicable Laws apply to this Agreement. The words “Charge Slip” refer to the document describing the type, quantity and agreed price of
merchandise you buy from the Seller.
2. Account: This Agreement applies to your retail charge purchase of goods and services from us. The amount of your initial purchase from Seller will
govern the amount of the initial credit limit on your Account, which will be set at a higher amount than the cost of the good s purchased based on our
expectation that you will use the Account to make additional purchases. You may make add-on purchases from the Seller or Seller's assigns which will be
evidenced by Acceptable Documentation. Acceptable Documentation must provide the cash price of the merchandise purchased. By signing future
Acceptable Documentation you agree those purchases thereby confirmed will be subject to this Agreement. You agree that add-on orders which exceed the
credit limit established with your initial order are subject to credit approval. We reserve the right to deny authorization 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 y ou charge on
this Account, and all other charges mentioned below, according to the terms of this Agreement. When you sign the Application for this Account, you will be
agreeing to the terms and conditions in this Agreement, which include the cost of credit disclosures required by Applicable L aw. This Agreement will not be
effective until we approve your Application, and we or our assignee provides any disclosures required by the federal Truth in Lending Act, and then, after
that, only if you or someone authorized by you sign a Charge Slip or otherwise charge a purchase to this Account and we extend credit for that purchase.
4. Billing:  You will be billed monthly for credit purchases from us, as shown on a Charge Slip signed by you (or completed at your direction), and for any
previous unpaid balance as required by Applicable Law. You will receive a monthly periodic statement of account for any month in which you have an
outstanding balance of more than $1.00 or on which an Interest Charge has been imposed. 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 Month ly 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 i n full," without losing any
of our rights under this Agreement or Applicable Law.
6. Interest Charges: Unless you are offered a Promotional Credit Plan as described below, and as not prohibited by Applicable Law, Interest Char ges 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 (though no payment may be due). We figure the Interest Charge on your Account by applying the daily periodic rate to the “daily
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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. 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). 

Applicable 
Law 

Daily 
Periodic Rate 

Corresponding  
ANNUAL PERCENTAGE RATE 

By your initials below, you acknowledge 
Interest Charges will be imposed in 
amounts or rates not to exceed those in 
the chart to the left unless otherwise 
stated on your Charge Slip. 

FL 

0.0493% 

18% 

Buyer  

  Co-Buyer 

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. 
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 $1.00, we will impose a minimum monthly INTEREST CHARGE of $1.00.
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 paym ents. A Promotional
Credit Plan is strictly limited by its terms and the terms and conditions of the special promotion to which it relates. In ad dition, 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. 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 if any portion of the promotional balance remains outstanding.
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 per iods 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.
11. Other Charges:
11.a. Late Fees: 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. The statutory time period for 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, the maximum late fee allowed is $10.  Notwithstanding the preceding provisions, 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: You will pay a returned check charge (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. Currently, that amount is $25.
Notwithstanding the preceding provisions, 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: 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. The current phone payment processing fee is $11.75.
12. Security Agreement: You grant us a purchase money security interest in each household good purchased with this Account (“Goods”) to the full extent
not prohibited by Applicable Law (including the Uniform Commercial Code which may require that we sign, file or record one or more UCC financing
statements, fixture filings or other documents to perfect or otherwise protect this security interest).  You will, on request, take all reasonable actions
requested by us to preserve and protect the Goods and our security interest in the Goods. You also agree to take all reasonable 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 securit y interest allows us to take
actions not prohibited by Applicable Law governing security interests in the Goods. You also agree to keep the Goods installed at the  address you provided
in your credit application and to not remove or alter the Goods without our prior written consent. You may lose the Goods if you do not meet your obligations
to us under this Agreement. We have not (and will not) take any security interest to secure repayment of obligations under this Agreement apart from an
interest in goods as set forth herein, even when a financing statement is filed. Accordingly, we do not maintain any interest in your dwelling or real property
and waive any right we (or our assignee) may have to foreclose on real property pursuant to any applicable real property foreclosure laws.
13. Default:  If you fail to make any payment when due, or if the prospect of your payment, performance, or our realization of collateral is significantly
impaired, to the extent not prohibited by Applicable Law, and subject to any notice of default and opportunity to cure 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 optio n, 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. You al so 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.
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

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© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited.   

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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: 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 prohib ited 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, 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 s uch 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.

ARBITRATION PROVISION 
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 arbit ration award shall be in writing, 
but without a supporting opinion. The arbitration hearing shall be conducted in the federal district in which you reside. If you demand arbitration first, you will 
pay one half of any arbitration filing fee. We will pay the rest of the filing fee, and the whole filing fee if we demand arbitration first or if the arbitrator 
determines that applicable law requires us to do so or that you are unable to do so or that we must do so in order for this Arbitration Provision to be 
enforceable. We will pay the arbitration costs and fees for the first day of arbitration, up to a maximum of eight hours. We will also pay any fees and 
charges that the arbitrator determines that we must pay in order to assure that this Arbitration Provision is enforceable. The arbitrator shall decide 
who shall pay any additional costs and fees. 

The arbitrator's award shall be final and binding on all parties, except in the event where either there is a “take nothing” award or the award is in excess of 
$100,000 either party may request a new arbitration under the rules of the arbitration organization by a three-arbitrator panel. 

This Arbitration Provision relates to a contract that evidences a transaction involving interstate commerce. Any arbitration  under this Arbitration Provision 
shall be governed by the Federal Arbitration Act (9 U.S.C. §§ 1 et seq.). If a court should determine that the transaction did not involve interstate commerce, 
the parties agree that this Arbitration Provision shall be governed by state law. 

If any part of this Arbitration Provision other than the Class Action Waiver is found by a court or arbitrator to be unenforceable, the remainder shall be 
enforceable. This Arbitration Provision shall survive the termination of any contractual agreement between you and us, whethe r by default or repayment in 
full. 

You may elect to opt-out of the arbitration provision only by notifying us in writing at Preferred Credit, Inc., 628 Roosevelt Road, St. Cloud, MN 56301 within 
30 days from the date in which you signed this Agreement, and including in the notice your name, address and account number and a clear statement that 
you do not wish to resolve disputes through arbitration. No one else may sign the rejection notice for you. Your rejection notice also must not be sent with 
any other correspondence. Rejection of arbitration will not affect your other rights or responsibilities under this Agreement. If you reject arbitration, neither 
you nor we will be subject to the arbitration provisions for this Agreement. Rejection of arbitration for this Agreement will not constitute rejection of any prior 
or future arbitration provision between you and us. 

REVISED  10-01-2020      
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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. 

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 to the Buyer 
a. Do not sign this before you read it or if it contains any blank spaces.
b. You are entitled to an exact copy of the paper you sign.

Your signature(s) below mean that (a) you have read and understand the terms and conditions as set forth on all pages of this Agreement; (b) you 
agree to the terms of this Agreement; (c) you will pay any advances made under this Agreement according to its terms and (d) you have received 
a completely filled in copy of this Agreement. Keep this Agreement to protect your legal rights. 

BUYER: 

CO-BUYER : 

SELLER: 

BUYER SIGNATURE: 

CO-BUYER SIGNATURE: 

SELLER  SIGNATURE: 

SALE: 
Sales Rep:     

PCI Client No.:          

Your Billing Rights. Keep This Notice For Future Use. This notice contains important information about your rights and our responsibilities under 
the Fair Credit Billing Act.  

What To Do If You Find A Mistake On Your Statement 
If you think there is an error on your statement, write to us at: Preferred Credit, Inc., 628 Roosevelt Road, St. Cloud, MN 56301. 

In your letter, give us the following information: 

•
•
•

Account information:  Your name and account number.
Dollar amount:  The dollar amount of the suspected error.
Description of problem:  If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.

You must contact us: 

• Within 60 days after the error appeared on your statement.
•

At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wro ng.

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 anyo ne 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: 

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1.  The purchase must have been made in your home state or within 100 miles of your current mailing address, and the purchase price must have 
been more than $50. (Note: Neither of these are necessary if your purchase was based on an advertisement we mailed to you, or if we own the 
company that sold you the goods or services.) 

2.  You must have used your Account for the purchase.  Purchases made with cash advances from an ATM or with a check that accesses your 

account do not qualify.  

3.  You must not yet have fully paid for the purchase.    

If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at: Preferred Credit, Inc., 628 Roosevelt Road, St. 
Cloud, MN 56301. 

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell you our decision. At that 
point, if we think you owe an amount and you do not pay, we may report you as delinquent. 

Assignment by Seller: For Value Received: Seller sells and assigns this Retail Charge Agreement (the “Agreement”) to Preferred Credit, Inc., 628 
Roosevelt Road, St. Cloud, MN 56301, the assignee, its successors and assigns, including all of Seller’s rights, title, and interest in this Agreement. 
Assignee has full power to take all legal and other actions, which Seller could have taken under this Agreement. The undersigned acknowledges that this 
Assignment incorporates by reference the terms of the Finance Agreement between the undersigned and Preferred Credit, Inc. including but not limited to 
the representations, warranties, liabilities, conditions and obligations of the undersigned contained therein. 

ASSIGNMENT – OFFICE USE ONLY 

(Corporate, Firm or Trade Name of Seller) 

X 
  (Owner, Officer or Firm Member)         

THIS DOCUMENT IS SUBJECT TO A SECURITY INTEREST IN FAVOR OF US BANK NATIONAL ASSOCIATION. 

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Pricing Addendum For Preferred Credit, Inc. Retail Charge Agreement EE-FL04-R 

Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for 
Purchases 

18%. 

How to Avoid Paying Interest 

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.    

Minimum Interest Charge 

If you are charged interest, the charge will be no less than $1.00.  

For Credit Card Tips from the 
Consumer Financial Protection Bureau 

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. 

Fees 
Transaction Fees 

Penalty Fees 

• 
Late Payment 
•  Return Payment 

None. 

$10.  
$25.  

How We Will Calculate Your Balance:  We use a method called “daily balance (including new purchases).”  

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account 
agreement. 

EFFECTIVE  10-01-2020 
© 1990-2020 Preferred Credit, Inc.  ALL RIGHTS RESERVED.  Duplication of this document without the copyright owner’s prior written consent is strictly prohibited. 

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