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DANIEL’S PREFERRED CHARGE RETAIL INSTALLMENT CREDIT AGREEMENTCredit Agreement • February 4th, 2021
Annual Percentage Rate 35.88%, 21.00% in Texas Method of computing the periodic FINANCE CHARGE You may pay your entire balance in full or more than the minimum monthly payment at any time. We calculate the finance charge using the Average Daily Balance Method. To get the “Average Daily Balance” we take the balance of your account at the beginning of the billing cycle, not including any unpaid finance charges that are included in your account balance, and add any new purchases and subtract payments or credits each day (we do not add in any new purchases or subtract payments or credits in New Mexico). This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the Average Daily Balance.We figure the FINANCE CHARGE on your account by multiplying the Average Daily Balance of youraccount by the Periodic Rate. Periodic Rate 2.99%, 1.75% in Texas Grace period for repayment of bal
