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Well Fargo Financing Through Wall Units inc Information Page
IMPORTANT- FAX APPLICATION FORM (DO NOT EMAIL) WALL UNITS INC. FAX #310-204-0347 we will process it on a secure Wells
Fargo site. And notify you by email w/your approved amount, or other options. **FOR A JOINT APPLICATION PLEASE PRINT THIS SHEET OUT FOR EACH PERSON APPLYING. AT TOP OF FORM WRITE “JOINT” AND BOTH PARTIES LAST NAME, IF DIFFERENT. WELLS FARGO (WF.) NO INTEREST OPTION (SAME AS CASH)
(AGREEMENT/CONTRACT INFORMATION- 1 year no interest option) PAYMENT IN FULL/’EQUAL PAYMENTS’. If a sales slip says that Payment in Full or ‘Equal Payments’ is required, it means the minimum monthly payment for a special subaccount for the purchase listed on that sales slip is the amount required to pay the special subaccount in full, in monthly payments during the length of time indicated on the sales slip. The minimum monthly payment required during the Payment in Full or ‘Equal Payments’ period will be in an amount required to pay the unpaid balance of the special subaccount at the beginning of the first full billing cycle of the Payment in Full or ‘Equal Payments’ period, in full, in monthly payments, rounded to the next higher whole cent. Because of rounding the final monthly payment could be less than the other payments. If you pay each minimum monthly payment as required for the Payment in Full or ‘Equal Payments’ special subaccount, the special subaccount will be paid in full at the end of the special terms period. (1yr. no interest, with payments)
If a sales slip says no interest option (same as cash), it means Wells Fargo figures interest (using a method that results in daily compounding of interest) on that special subaccount containing the purchases on that sales slip, but WF. Does not add the interest to the balance you must pay to pay the special subaccount in full. Instead, the interest is added to the total interest for the special subaccount for prior months. This amount is called the accrued interest charge. If the special subaccount is not paid in full before the no interest option (same as cash) special terms end or if you fail to pay the total Minimum Payment for your Account within 60 days of the Payment Due Date, the balance of that subaccount may be transferred to your regular subaccount. The daily periodic rate used in figuring the interest for the special subaccount and the corresponding APR are the same as those used for your regular subaccount. We figure the interest on a no interest option (same as cash) special subaccount by applying the daily periodic rate to the “average daily balance” of the special subaccount and multiplying the product by the number of days in the current billing cycle. The rate may vary along with the rate for your regular subaccount. WF calculates the daily balances for purchases in the special subaccount by starting with the beginning balance of purchases on the first day of the billing cycle, WF adds the amount of all purchases made, plus any applicable transactions or fees; and except for the first day of each billing cycle we add interest equal to the previous day’s purchase balance multiplied by the daily periodic rate applicable to purchases, we subtract the amount of any payments or credits applied to the purchase balance. This gives WF the daily balance of purchases. Any balance of purchases that is a credit balance will be treated as 0. Then, to calculate your average daily balance each month, WF calculates the daily balance of purchases for each day in the billing cycle, add the daily balances together, and divide that total amount by the number of days in each billing cycle. This gives WF. the “average daily balance.” Interest on a purchase in a no interests option (same as cash). Special subaccount begins on the date the transaction is posted to your account. You may avoid interest on purchases with a “no interest option” (same as cash) special subaccount by making all required minimum monthly payments and paying the special subaccount in full.
before the special terms end. You understand and acknowledge that this method of calculating interest results in daily compounding of interest.
Wall Units Inc. provides you an application to print and fill out, to get a jump on the finance option of 1 year no interest. We don’t process these applications on our Website, or through our email. It is very important you do not email the application you fill out, for security purposes. Once the application is filled out by the party(s), you may fax it into our main office in Los Angeles, FAX 310-204-0347. At that time we will process your application on a secure Wells Fargo Finance Site. We will contact you via Email or Phone (whatever your preference) to let you know what you were approved for, or of other options.
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