Common use of MINIMUM MONTHLY PAYMENT Clause in Contracts

MINIMUM MONTHLY PAYMENT. We will send you a statement every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New Balance, the Interest Charge due to date, and the Minimum Payment required. Every month you must pay at least the minimum Payment within 25 days of your statement closing date. You may pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the Interest Charge by doing so. The Minimum Payment will be either 2.5% of your Total New Balance or $25.00 whichever is greater. At any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand. Payments and credits will be applied in the following order: accrued Interest Charges on new Cash Advances balance; accrued Interest Charges on new Purchases balance; late charges; annual fee; over-limit charges and other fees; the balance for Cash Advances; and the balance for Purchases. However, any payment equal to or greater than the Previous Balance of Purchases will be applied first to that balance and any Interest Charge thereon so as to avoid continuing accrual of Interest Charge on that amount. From time to time, we may allow you to skip your minimum monthly payment due. If you choose to skip that payment, Interest Charges will continue to accrue in accordance with this Agreement. Payments received at: Verity Credit Union, X.X. Xxx 00000, Xxxxx, XX 00000-0000 at or before 5:00 PM Pacific Time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Time, on a weekend or federal holiday will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.

MINIMUM MONTHLY PAYMENT. We will send you a statement every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New Balance, the Interest Charge due to date, and the Minimum Payment required. Every month you must pay at least the minimum Payment within 25 days of your statement closing date. You may pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the Interest Charge by doing so. The Minimum Payment will be either 2.5% of your Total New Balance or $25.00 whichever is greater. At any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand. Payments and credits will be applied in the following order: accrued Interest Charges on new Cash Advances balance; accrued Interest Charges on new Purchases balance; late charges; annual fee; over-limit charges and other fees; the balance for Cash Advances; and the balance for Purchases. However, any payment equal to or greater than the Previous Balance of Purchases will be applied first to that balance and any Interest Charge thereon so as to avoid continuing accrual of Interest Charge on that amount. From time to time, we may allow you to skip your minimum monthly payment due. If you choose to skip that payment, Interest Charges will continue to accrue in accordance with this Agreement. Payments received at: Verity Credit Union, X.X. Xxx 00000000000, XxxxxXxxxxx, XX XX. 00000-0000 at or before 5:00 PM Pacific Time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Time, on a weekend or federal holiday will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.

MINIMUM MONTHLY PAYMENT. We will send you a statement every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New Balance, the Interest Charge due to date, and the Minimum Payment required. Every month you must pay at least the minimum Payment within 25 days of your statement closing date. You may pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the Interest Charge by doing so. The Minimum Payment will be either 2.5% of your Total New Balance or $25.00 whichever is greater. At any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand. Payments and credits will be applied in the following order: accrued Interest Charges on new Cash Advances balance; accrued Interest Charges on new Purchases balance; late charges; annual fee; over-limit charges and other fees; the balance for Cash Advances; and the balance for Purchases. However, any payment equal to or greater than the Previous Balance of Purchases will be applied first to that balance and any Interest Charge thereon so as to avoid continuing accrual of Interest Charge on that amount. From time to time, we may allow you to skip your minimum monthly payment due. If you choose to skip that payment, Interest Charges will continue to accrue in accordance with this Agreement. Payments received at: Verity Credit Union, X.X. Xxx 00000000000, XxxxxXxxxxx, XX Xx. 00000-0000 at or before 5:00 PM Pacific Time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Time, on a weekend or federal holiday will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.

MINIMUM MONTHLY PAYMENT. We will send you a statement every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New Balance, the Interest Charge due to date, and the Minimum Payment required. Every month you must pay at least the minimum Payment within 25 days of your statement closing date. You may pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the Interest Charge by doing so. The Minimum Payment will be either 2.5% of your Total New Balance or $25.00 10.00 whichever is greater. At any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand. Payments and credits will be applied in the following order: accrued Interest Charges on new Cash Advances balance; accrued Interest Charges on new Purchases balance; late charges; annual fee; over-limit charges and other fees; the balance for Cash Advances; and the balance for Purchases. However, any payment equal to or greater than the Previous Balance of Purchases will be applied first to that balance and any Interest Charge thereon so as to avoid continuing accrual of Interest Charge on that amount. From time to time, we may allow X.X.Xxx 11650 | Xxxxxxx, XX 00000-0000 (000) 000-0000|Toll free 0-000-000-0000 you to skip your minimum monthly payment due. If you choose to skip that payment, Interest Charges will continue to accrue in accordance with this Agreement. Payments received at: Verity Arizona Central Credit Union, X.X. Xxx 00000, XxxxxXxxxxxx, XX 00000-0000 Xxxxxxx 00000 at or before 5:00 PM Pacific Time local time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Timelocal time, on a weekend or federal holiday will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.