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SIMPSONS-SEARS LIMITED CREDIT ACCOUNT AGREEMENT
To: SIMPSONS-SEARS LIMITED
Account No.________
In consideration of my being permitted to purchase merchandise on a Simpsons-Sears Credit Account, I hereby agree to
the following terms and conditions:
(1)
I will receive a monthly statement showing purchases made, and I may pay the balance shown on this statement within
thirty days of billing date with no credit charge added.
(2) I may elect to make payment on a monthly basis beyond such thirty–
day period in which event I agree to pay such monthly amount, plus credit charge as shall be specified and required by the All
Purpose and /or Special Terms Account terms as outlined in the account brochure #50360 or "Credit Details" page as set out
elsewhere in Simpsons-Sears current catalogue forming a part of this agreement together with such terms as are set out below,
which I have read, or such other terms current from time to time and communicated to me, it being understood that all monthly
payments made by me shall be applied firstly on account of credit charges (if any) and secondly on account of the purchase
price of the merchandise in order of purchase.
(3) Until full payment is made, I agree that title to and right of possession of the
merchandise shall remain in you, that I will not sell, remove or encumber the same without your written consent, that I assume
and shall be responsible for all loss or damage to said merchandise and that upon the default of any payment or payments, or the
sale, removal or encumbrance of the merchandise without your written consent you may, at your option, hold me liable for
immediate payment of the unpaid balance of my account, or take back the merchandise and retain, as compensation for use and
depreciation thereon, any payments theretofore made by me without prejudice to my liability to pay for any such merchandise as is
not retaken by you, and hold me liable for any balance on the account. (4) All purchases made by me or in my name shall be
subject to the terms of this agreement which shall be deemed to be part of each bill of sale identified by the All Purpose and /or
Special Terms Account number herein contained, which account number shall be subject to change at any time upon notice to me.
All purchases shall be subject to the approval of the Customer Accounts Department of Simpsons-Sears Limited. (5)
If
an All
Purpose Account I agree that no notice of termination of this agreement shall be effective until the All Purpose Account identifica–
tion in my possession has been returned to the Manager, Customer Accounts Department, Simpsons-Sears Limited or he has re–
ceived notification in writing of its loss or theft. (6) I agree that Simpsons-Sears Limited can terminate this agreement at any time
upon written notice to me, but such termination shall not affect my obligation to you to pay the balance of my account.
I understand that the balance shown on my first statement determines the minimum payment. The payment will remain
the same except when an additional purchase increases the balance to an amount which calls for a higher payment. A credit charge
will be added to my account each month based on my previous month's balance as follows: 19.2% per annum (1.6% per month)
on my monthly balance up to $500., and 13.2% per annum
(1.1
% per month) on any part of my monthly balance over $500.
as follows:
ALL PURPOSE ACCOUNT TERMS
SPECIAL TERMS ACCOUNT TERMS
Amount
Monthly
Credit
Amount
Monthly
Credit
Amount
Monthly
Credit
Payment
Charge
Payment
Charge
Payment
Charge
30.01 to 40.00
5.00
.56
260.01 to 270.00
15.00
4.24
40.01 to 50.00
6.00
.72
280.01 to 290.00
16.00
4.56
50.01 to 60.00
7.00
.88
320.01 to 330.00
17.00
5.20
400.01 to 41 0.00
15.00
6.48
70.01 to 80.00
8.00
1.20
340.01 IQ 350.00
18.00
5.52
500 01 to 510.00
18.00
8.05
100.01 to 11 0.00
9.00
1.68
360.01 to 370.00
19.00
5.84
600.01 to 61 0.00
21.50
9.15
120.01 to 130.00
10.00
2.00
380.01 to 390.00
20.00
6.16
700.01 to 710.00
25.00
10.25
170.01 to 180.00
11.00
2.80
600.01 to 610.00
31.00
9.15
800.01 to 810.00
28.50
11.35
200.01 to 21 0.00
12.00
3.28
700.01 to 710.00
36.00
10.25
900 01 to 91 0.00
32.00
12.45
220.01 to 230.00
13.00
3.60
800.01 to 810.00
41.00
11.35
240.01 to 250.00
14.00
3.92
900.01 to 910.00
46.00
12.45
I acknowledge that I have read and fully understand this agreement and its terms of payment, that it is subject to the
approval of the Customer Accounts Department of Simpsons-Sears Limited, and that there are to be no other agreements regard–
ing this account other than those herein contained. I hereby consent to the conduct of a personal investigation by Simpsons-Sears
Limited and/or a personal reporting agency.
SIGNED ON
SIGNATURc_____________BEHALFOF___________WJTNESS________DATc__________
HUSBAND
ACCOUNT APPLICATION
(be sure to answer all questions)
MR.
MRS.
MISS
FIRST
INITIAL
LAST
STREET
ADDRESS
CITY
PROVINCE
MARRIED
D
OWN
SINGLE
D
FAMILY
HOW LONG AT
WIDOW/ER
D
DEPENDANTS
ALLOWANC
-""~---PRESENT
ADDRESS?________
FORMER ADDRESS
(IF LESS THAN 2 YEARS AT PRESENT
ADORESSl-------------21"'-:...,,~--'"""~"-------HOW
LONG?_________
EMPLOYER------------------~
(IF MARRIED GIVE HUSBAND'S EMPLOYER)
"
HOW LONG?____•OCCUPATION______
FORMER EMPLOYER (IF LESS
BUSINESS
·~~~,,C-~~-------~PHONc__
___________
MONTH
0
,~--------1------------EARNINGss
_______WEEKLY
o
THAN 1 YEAR WITH PRESENT EMPLOYER)_____
-F~-~~t;l'----ADDRESS.
____________HQW
LONG?_____
NAME AND ADDRESS
OF BANK
EXPLAIN OTHER INCOME IF ANY
NAME
&
ADDRESS
AMOUNT
TYPE
PERS. CHEQ.
0
NUMBER____
CURRENT
0
SAVINGS
0
NUMBER
ACCOUNT WITH SIMPSONS
PREVIOUS SIM PSONS-SEARS
ACCOUNT
D
YES
D
OPEN
ACCOUNT
0
NO
0
CLOSED
DATc______AMOUNT$___
WHATSTORC----------~
-----------------~---~-----N_U_M_B_E_R
__________
, ACCOUNTNO.________
Do you have a Simpsons-Sears Catalogue? Yes ........ No ........
If
not, would you like one? Yes .......... No ......... .