Charge Account Terms and Conditions

Charge Account Terms and Conditions sample form such as this, serves as introduction to the terms and conditions for new charge account holders. 

Keep this template at the ready because this will be the form you will want to make sure every single new account holder gets a copy of!

The basic needs for a form like this one, it need to lay out all rules, regulations and conditions applicable for a new charge account.

This same form has some duality to it as well.  

It can also be a good refresher of charge account guidelines to established account holders. 

The reminder will be much appreciated, so give this template a go.


Buyer agrees with seller_______________ to pay for all purchases upon receipt of monthly statement.

Charges billed, but not paid by the 10th of the month following purchase will be considered delinquent and subject to finance charges.

The FINANCE CHARGE for individuals is computed by a periodic rate of ____ per month which is an ANNUUAL PERCENTAGE RATE OF ____% applied to the "Previous Unpaid Balance less Current

Credits." Current credits are payments or credits received by ________A.M. on the _____ day of the following month.

The minimum payment due will be payment of Buyer's indebtedness in full.

If not paid, ______________________________ may declare the unpaid balance due and payable immediately.

Buyer agrees to pay collection expenses, including reasonable attorney's fees and court costs, if it is necessary to collect through legal action.

Buyer assumes full responsibility for all materials purchased from ____________________________.

Buyer agrees to be personally liable for all charges and individually guarantees payment of all charges promptly.

Buyer agrees to notify __________________within 10 days in writing of receipt of monthly statement of any in billing.

Failure to so notify ___________________________ signifies total acceptance and responsibility for prompt payment in full of account.

If materials are ordered to be delivered to a construction job site, the buyer assumes liability for the materials at the time of delivery whether or not buyer's representative is on hand to acknowledge receipt of delivery.

Buyer agrees to pay standard delivery charges as billed.

Buyer agrees that no refund will be granted unless merchandise is returned within 30 days with invoice to store where purchases were made and in original sales condition.

Buyer agrees to supply____________ with "Notice of Commencements", purchase orders, job numbers, job addresses, and a current list of employees permitted to order, pickup, and sign for merchandise.

__________________________reserves the right to send out "Notice to Owners" and file Liens on past due accounts and use any legal means available to force collection if necessary.

Related Pages
New Account Welcome and terms Letter
Customer New Charge Card Cover Letter
Withdrawal of Credit on Past Due Account Alternate Letter

Other Pages You Might Like
Cover Letter for Charge Card
Consumer Credit Application
New Account Welcome and Terms Letter

Exit Charge Account Terms and Conditions - See More Sample Business Letters