FREQUENTLY ASKED QUESTIONS
What are the interest rates and other terms of the finance program?
The annual percentage rate (APR) charged will be between 15.99% and 23.99% and is dependent on your FICO score. The contract rate will remain fixed for the duration of the contract. Your high credit will be dependent on your FICO score. The financing terms range from 18 to 48 months based directly on the total amount financed. The first contractual payment installment will be due 30 days from the date of signed documents and each month thereafter. Subsequent monthly installments will be made through the borrower’s method of payment each month. The minimum financed amount is $500.00 US. Not all buyers may qualify.
What is the ‘Same as Cash’ option?
If the amount you finance is $1,000.00 or more, and it is paid in full within the Promotional Period indicated in the contract, any accrued finance charges will not be charged to your account.
If you do not pay the Promotional Balance in full within the Promotional Period (or if you fail to make all regularly scheduled payments during the Promotional Period in full and on time), the accrued finance charges will be charged to your account.
Regular monthly payments in the amount shown on your contract will be due on the monthly date during the Promotional Period per the payment schedule shown on your contract. However, larger payments may be made at any time to pay the promotional balance in full before the end of the Promotional Period.
If you do not pay the promotional balance in full within the Promotional Period or if you fail to make all regularly scheduled payments during the Promotional Period in full and on time, then the accrued finance charges will be charged to your account.
Are there any pre-payment penalties for paying off the loan early?
You may pay off your contract in full at any time without penalty.
How long do I have to spend my full approved amount?
Your approved credit is applicable for 90 days from the approval date. The minimum credit amount is $500.00 US. You can have a maximum of two (2) open financed contracts at a time up to your approved high credit. Be sure to read all of the contract disclosure information. If you have any questions feel free to contact U.S. Credit, Inc.. at (888) 810-7393. or [email protected]
Are there additional fees, costs, or taxes?
There are no fees associated with the application process. Any shipping and handling costs charged by the dealer may be added to your final invoice; and these fees will be included in the financed amount. Taxes will vary from state to state and there is no money down required.
What happens if I change, cancel, or return my order?
If you cancel the order prior to signing the contract, the application will be withdrawn, and the dealer will be notified of the change in status. If the contract has already been signed and the funds have been sent to the dealer, it is between you and the dealer to rectify the situation. Once the dealer receives the returned order, they will send the funds back to you minus any restocking or other associated fees. You then have the option of paying off your contract. The customer is responsible for any accrued interest from the date of the signed contract. Please note the terms of your contract remain intact.
How do I make payments?
Your payments will begin 30 days from the date you sign the loan documents. You will have a choice of paying by ACH-automatic withdrawal from your bank account, debit/credit card, or by check.