Common use of REPAYMENT TERMS AND FINANCE CHARGE INFORMATION Clause in Contracts

REPAYMENT TERMS AND FINANCE CHARGE INFORMATION. 1. You promise to pay the Credit Union at the address designated on your statement in U.S. dollars using payment instruments drawn on U.S. financial institutions all sums advanced to you under this Agreement plus Finance Charges and other fees. Finance Charges are money you pay for money that you borrow. Components of the Finance Charge include interest calculated by application of a periodic interest rate to the principal amount you have borrowed plus certain fees assessed on your account.

Appears in 5 contracts

Samples: Cardholder Agreement, assets.ctfassets.net, Cardholder Agreement

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