How does the 90-Day Finance Charge Cap Promotion work?

by | Feb 28, 2018 | businesses

It’s simple, your customers will pay no more than $40 in Finance Charges if they meet the promotion requirements during the first 90 days of their agreement as set forth below:

  • They have no payment that was over 30 days past due;
  • They pay the entire Amount Financed, any fees owed (such as Late Fees or Dishonored Payment Fees), and the earned Finance Charges up to $40; and
  • They are NOT otherwise in default under their agreement during the Promotional Period.