TERM WHAT IT MEANS. Payment Due Date Payments are due on the payment due date shown on your monthly statement. Variable Rate Your APR(s) will vary with the market based on the Prime Rate, which is the highest rate of interest listed as the "US Prime Rate" in the "Money Rates" section of the Wall Street Journal. We calculate variable APR's by adding a margin to the Prime Rate. Rates are reviewed each month, and any new rate will be applied on the first day of the calendar month, based upon the Prime Rate listed as of the first day of the preceding month (or if such day is not a Business Day, the following Business Day). The APR may increase or decrease each month if the Prime Rate changes. If the APR increases, you will pay a higher interest charge and may pay a higher minimum payment. The Prime Rate is simply a reference index and is not the lowest interest rate available. If The Wall Street Journal stops publishing the Prime Rate, we will select a similar reference rate. Default Your account will be in default if: 1) You do not pay at least the minimum payment when due; 2) You fail to comply with this or other agreements with us; or 3) File Bankruptcy; or 4) We believe you may be unwilling or unable to pay your debts on time; or you become incapacitated or die. If your account is in default, we may close it without notice and require you to pay your unpaid balance immediately. We can also begin collection activities. In the event of any such default because you have failed to pay us, we will require you to pay our collection costs, attorneys' fees, court costs, and all other expenses of enforcing our rights under this agreement. Interest Avoidance Balance Pay the Interest Avoidance Balance every month by your due date to avoid interest on non- Installment Plan purchases and avoid prematurely paying off your Installment Plan Balances. This amount includes your current statement New Balance, minus your Installment Plan Remaining Balance and any eligible Promotional Balances (if applicable), plus your monthly Installment Plan Payment amount due. It does not include disputed amounts. Monthly Payment Due for Installment Plan Balance(s): Total amount owed this month for active installment plans. Remaining Balance for Installment Plan(s) and eligible promotion(s): Total Remaining Balance of outstanding installment plan balance(s) and any eligible interest free promotional balance(s), if applicable.
