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To open a Penneys Account, please
fill
out the Credit Application [
1]
and sign the Charge Account Agreement [
2]
If
you are opening or "adding-on" to a Time Payment Account,
also sign the Time Payment Account Agreement [
3]
PENNEYS CREDIT APPLICATION
PRINT-use ball point pen-all information confidential
Fill out completely below double line
NAME-Husband If Married-Leave Space Between Names
Wife's First Name
ADDRESS
Husband's Age
Dependent Children
Owns
Rents
Rooms
Lives With
CITY-STATE
ZIP
Former Address
If
Less Than Three Years at Present Address
Home
D
D
D
Parents
D
How
Long
I
Phone
Number
How Long
Previously Applied for Penneys Account?
D
No
D
Yes-Where?
Single Married Separated Divorced Widow(er)
Authorized Buyers
D
D
D
D
D
Employer or Firm
If
Self-Employed
Position
Department or
Badge No. or
Service Number
Former Employer If Less Than Three Years With Present Employer
Wife's Employer
Address
r
J'dres
l
ositio
i
Other Income• Source
:mount • Month
I
Bl
rk
.
Branch
Nearest Relative Not at Your Address
Address
Credit References • Location • Account Number
PENNEYS CHARGE ACCOUNT AGREEMENT
J.C. Penney Company, Inc.
With respect to my Penneys Charge Account, I agree that
1. I will pay the time sale price of each item charged
to my account, consisting of (a) the cash sale price plus
(b) a time price differential (" service charge") computed
by applying the rate of
1'h%
to the unpaid balance of
the cash sale price and any unpaid service charge on
each of my monthly billing dates (pursuant to your then
current billing schedule) commencing with the second
monthly billing date following the date of purchase, but
service charges shall not exceed the lawful maximum.
2. I will, within one month after each monthly billing
date, make an installment payment in accordance with
Buyar'• Signature----------------------- Date•----------
Salary Monthly
$
Position
Salary Monthly
$
How Long
How Long
How Long
Checking Saving
D
D
Relationship
CHARGE ACCOUNT
PAYMENT SCHEDULE
Unpaid Balance Monthly Payment
$
10-100
$10
$100.01 -150
$15
$150.01-200
$20
$200.01-250
$25
$250.01-300
$30
$300.01-350
$35
$350.01-400
$40
$400.01-450
$45
$450.01 -500
$50
over
$500
$50
plus any
amount over
$500
For all Time Payment orders, "add-on" or new, read and sign this agreement
TIME PAYMENT ACCOUNT AGREEMENT-J. C. Penney Col'!lJ)&fil', Inc.
Please charge the foregoing purchases to my Time Payment Accou . I
the a uni shown opposite my highest aggregate unpaid balance in the
agree to pay in installments, as provided herein, the unpaid balance
the
:r.·me
~ment
Schedule in your catalog. Payments will be applied to the
time sale price of each item charged to my Time Payment Accoun . The
t
e sa prices of purchases in the order of purchase. I may prepay my
time sale price of each such item consists of (a) the cash sale pric
u paid alance at any time. You shall retain title to each item charged to
(b) a time price differential (" service charge" ) computed by applying to
Tin:ie Payment Account until the unpaid balance due on such item has
the unpaid balance of the cash sale price and any unpaid service charge
been aid in full (all risk of loss to be borne by me). Upon any default by
at the beginning of each monthly billing period a service charge rate ol
my aggregate unpaid balance shall, at your option, become immedi-
1.2%,
unless the highest aggregate unpaid balance under my Time Paymen1Ulll-11t!l!.lely e and payable, and (b) you may exercise any and all remedies
Account shall not exceed
$90,
in which event the service charge rate shall
ailabl to you, including, but not limited to, repossession.
be
1.5%;
but service charges shall not exceed the lawful maximum.
fi
close of each monthly billing period, I will make an installment pay
nature__
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212
PennelJI
Ao
CHARGE ACCOUNT AND TIME PA
RMATION IS ON PAGES
208
AND
209