Automatic Payment Option. If I have requested your automatic payment option, minimum payments due will be automatically deducted from my designated account on my payment due date. If my designated account does not contain sufficient funds on my payment date, an automatic payment deduction of the available funds will be made towards the minimum payment. In the event I have authorized automated payment and obtained a reduction in my monthly periodic rate and corresponding ANNUAL PERCENTAGE RATE and I terminate the automated payment or if I have insufficient funds to make a payment when due, you will adjust the monthly periodic rate and corresponding ANNUAL PERCENTAGE RATE to reflect the deletion of the automatic payment discount.
Appears in 14 contracts
Samples: Statement and Agreement, Statement and Agreement, firstus.org
