1970 Sears Wish Book

SEARS REVOLVING CHARGE ACCOUNT

AND SECURITY AGREEMENT

Sears, Roebuck and Co., Kansas City, Mo.

In consideration of your sel ling merchandise and serv–

ices for personal , fam ily or household purposes to me on

my Sears Revolving Charge Account, I ag ree to the fol–

lowing regarding all purchases made by me or on my

Sears Revo lving Charge Account Identification :

1. I have the privilege of a Charge Account, in which

case I will pay the fu ll amoun t of all purchases with in

25 days from the date of each bill ing statement.

2. If I do not pay the full amount for all pu rchases with in

25 days from the date of each billing statement, the

following te rms shall be in effect:

(A) I will pay the Deferred Payment Price for each

item purchased consisting of:

(1) The cash sale price, and

(2) A FINANCE CHARGE, which will be the greater

of a minimum charge of 50¢ ; or an amount de–

termined by applying a periodic rate of 1.5%

per month (ANNUAL PERCENTAGE RATE of

18%) to the first $500.00 of the previous bal–

ance and a periodic rate of .75% per month

(ANNUAL PERCENTAGE RATE of 9%) to any

part of the previous balance in excess of

$500.00. FINANCE CHARGE is based upon ac–

count activity during the billing period pre–

ceding the current billing period, and is

computed upon the previous balance (new bal–

ance outstanding at the end of the preceding

billing period) before deducting payments and

credits or adding purchases made during the

current billing period.

(B) I will pay for all purchases in monthly installments

which will be computed according to the following

schedule:

The scheduled

the unpaid

monthly payment

the unpaid

monthly payment

balance is:

will be:

balance is:

will be:

.01 to

10.00 Balance

$350.01 to $400.00 $30.00

10.01 to 200.00 $10.00

400.01 to 450.00

35.00

200.01 to 250.00

15.00

450.01 to 500.00 40.00

250.01 to 300.00

20.00

Over $500.00

1/10 of

300.01 to 350.00

25.00

account bal.

I will pay each monthly installment computed according

to the schedule as stated at left upon receipt of each

statement. If I fa il to pay any installment in full when due,

you may, at your option, take back the merchandise or

affi rm the sale and hold me liable for the full balance on

my account wh ich shall be immediately due. Ownership

of the merchandise purchased on this account shall

rema in in Sears until I have paid the purchase price in

full. My installment payments shall be appl ied as follows :

in the case of items purchased on different dates, the

first purchased shall be deemed first paid for ; in the

case of items purchased on the same date, the lowest

priced shall be deemed first paid for. I have risk of loss

or damage to merchandise.

will show my previous balance (last month's new

balance), new balance, scheduled paymen t,

Finance Charge, purchases, payments and cred its,

and the amount of my monthly installment coming

due.

(D) I have the right to pay off all or any portion of my

account in advance.

3. You are authorized to investigate my credit record

and report to proper persons and bureaus my per–

formance of th is agreement.

NOTICE TO BUYER: Do not sign this contract before

you read it or if it contains blanks. You have the right to

pay in advance the full amount due.

(CUSTOMER'S SIGNATURE)

ACCEPTED, SEARS, ROEBUCK AND CO.

Date

NOTICE:

To open a new Sears Revolving Charge Account, residents of Missouri should read

and sign the above agreement and return it to us together with the credit information

requested on page 266. When your application is accepted, we will send you a copy

of the agreement for you to keep.

Residents of Arkansas, Colorado, Iowa, Kansas, Nebraska, New Mexico, Oklahoma,

Utah and Wyoming should complete and return the credit information requested on

page 266. When your application is accepted, we will send you a copy of the agree–

ment to sign and return to us, together with a copy for you to keep.

264

Sears