Georgia Sample Letter for Charge Account Terms and Conditions Dear [Customer's Name], We appreciate your interest in opening a charge account with our company. Before proceeding, we would like to provide you with the detailed terms and conditions of our charge account services. Please read the following terms and conditions carefully. 1. Account Opening Process: a. To open a charge account, you must complete and submit our credit application form, which includes providing necessary personal and financial information. b. Upon receiving your application, we will review your creditworthiness and evaluate the information provided. c. Our decision to approve or decline your application will be based on the review process. d. If approved, you will receive an account number and relevant account details to access your charge account. 2. Account Usage: a. The charge account is designed for making purchases from our company. b. By using the charge account, you agree to make payments in a timely manner and adhere to the credit limit assigned to you. c. The charge account is non-transferable, meaning it can only be used by the account holder. 3. Payment Terms: a. Monthly statements will be sent to you, detailing the purchases made during that billing period. b. Payment in full is due by the specified due date mentioned on the statement. c. Failure to make timely payments may result in late fees, finance charges, or other penalties. d. Payments can be made in cash, check, or through electronic means, as specified in the account agreement. 4. Account Limit and Credit Availability: a. Your charge account will have a predetermined credit limit, which determines the maximum amount you can charge on the account. b. The credit limit may be adjusted periodically based on your payment history, creditworthiness, and our assessment of your account's performance. 5. Interest and Fees: a. If payments are not made by the due date, interest charges and penalties may apply, as outlined in the account agreement. b. You will be responsible for any collections or legal fees incurred by our company due to non-payment or account delinquency. 6. Account Closure: a. You may close your charge account at any time by informing us in writing or contacting our customer service representatives. b. If the account is in good standing, any outstanding balance must be settled before closure. Please note that the above terms and conditions are subject to change. We reserve the right to modify the terms or suspend/terminate the charge account service without prior notice. If you have any questions or concerns regarding these terms and conditions, please do not hesitate to contact our customer service. By opening a charge account with our company, you agree to abide by the aforementioned terms and conditions. Thank you for choosing our company for your charge account needs. Sincerely, [Your Name] [Company Name]