1980 JCPenney Christmas Catalog

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The periodic rates throughout the United States are listed below:
Periodic Annual Portion of Average Minimum Monthly
Residence Rate Percentage DailyBalance Finance
Rate toWhich Applied Charge
CT 1.25% 15% $250 or less
1.0% 12% over $250 none
DC. MO. 1.S% 18% $SQQ or less
NE. WI 1.0% 12% over $SOO none
VT 1.5% 18% $SOO or less 2SC
1.0% 12% over $SOO
NM. 1.5% 18% $SOO or less soc
TX 1.0% 12% over $SOO
IA 1.S% 18% $SOO or less soc
1.2S% 1S% over $500
NJ 1.5% 18% $700 or less soc
1.0% 12% over $700
WV 1.5% 18% $7SO or less soc
1.0% 12% over $7SO
MS 1.S% 18% $800 or less none
1.0% 12% over $800
AK. CA, 1.S% 18% $1.000 or less 501!:
DE. SC 1.0% 12% over $1,000
KS 1.5% 18% $1.000 or less soc
1.2% 14.4% over $1 ,000
Al. 1.S% 18% $1 ,SOO or less SOC-
1.0% 12% over $1 ,SOO
AR .83% 10% entire none
WA 1.0% 12% entire soc
PA 1.25% 1S% entire soc
MN 1.33% 16% entire 50¢
NC,NO. 1.S% 18% entire none
All Other 1.S% 18% entire soc
States
Minimum Payment - Regular Charges. When there's a regular
charge balance, you must make at least a minimum payment each month.
IF YOUR REGULAR THEN YOUR MINIMUM
CHARGE BALANCE IS: MONTHLY PAYMENT IS:
$ 11.00 or less
11 .01 - 200
200.01 - 250
250.01 -300
300.01 -350
350.01 - 400
400.01 -450
450.01 - 500
Over $500
Balance
$10
15
20
25
30
35
40
1/ 10 Balance
If you have an insurance policy that is billed on your JCPenney account,your
minimum monthly payment will be increased by the amount of any premiums
due that month.
Minimum Payment - Time Payment Charges. When there's a
time payment balance, you will pay at least a fixed minimum amount each
mohth. This amount is based on your highest time payment balance in any
month. Even if you reduce your balance, your minimum monthly payment will
still be based on that highest balance, as long as an unpaid balance remains.
IF YOUR HIGHEST MONTHLY THEN YOUR MINIMUM
TIME PAYMENT BALANCE IS: MONTHLY PAYMENT IS:
$ 19.00 - 90
90.01 - 105
105.Q1 - 120
120.01 -135
$5.00
5.50
6.00
6.50
For balances between $135 and $375, the minimum
monthly payment is increased by 50¢ for each .additional
$15 or less.
$375.01 - 405
405.01 -420
420.01-435
435.01 -450
450.01 -465
465.01 -495
495.01 - 510
510.01 - 525
368 JCPenney
$15.00
15.50
16.00
16.50
17.00
17.50
17.75
18.25
For balances over $525. the minimum monthly payment is
increased by 50¢ for each additional $1 5 or less.
Paying More than the Minimum - You can pay your entire balance
at any tome. Or you can pay any amount from the minimum payment due to
the entire balance. The larger the payment that you make on your entire
balance. and the sooner we receive your payment, the less finance
charge you will have to pay.
Past Due Accounts - If you do not pay on time,we can require that you
make immediate payment of your entire balance, subject to any rights you
have by state law to correct your non-payment. We may use an outside
attorney to collect your account.
If there 1s a lawsuit and you lose, you will pay reasonable attorney's fees,plus
court costs, as permitted by the law on your state. (This does '!Ot apply if you
live on Alabama. Iowa, Kansas, Maine, Nebraska, New Hampshire, or
Wisconsin.)
If You Move - You must notify us promptly if you move. If your new
residence 1s in another state. our terms in that state will apply only to
purchases you make after we receive notice ol your move.
Our Rights - We can change our credit terms after letting you know we
are going to make a change. We can limit this credit program, limit your credit
privileges. or cancel your account. If we ask. you must return all JCPenney
charge cards that you received. These cards always belong to us.
We give up any rights to any mechanic's or materialman's liens on real
property used or expected to be used as your principal residence. If you live in
Florida. we will keep a security interest in any items charged to your account.
except for those items that are considered real property under state law.
Your Account lnfonnatlon - We may give credit bureaus or other
creditors information about how you have handled your account. We may
also giveor obtain onformation from others when:you have not paid on time; it
is necessary to handle your account properly: we think there is a question of
illegal or improper activity; we receive a legitimate request from a govern–
mental authority: or we are required to do so by law.
We may use information about you for other business purposes. This
includes sharing information about you with other companies that are part of
the J.C. Penney family.
Credit Reports - Before we open an account, eck the
information you havegiven us with credit bureaus or with others.We may also
request additional information from them, including a credit report, before
approving your ion.We may ask for a credit report after your account
is opened 1f we want to update our records, renew your account. or decide
whether to give you additional credit.
Advertisements In theMail - Because many customers like to shop at
home, we send advertisements with billing statements and in separate
mailings. These advertisements may be for sale events, special interest items.
offerings from JCPenney catalogs or insurance companies, among other
things. If you do not want to receive these advertisements, you can tell us at
the credit desk on any JCPenney store, or you can write to the credit office
address shown on your billing statement.
The law requires us to give you the following notices.
NOT ICE: See accompanying statements (on oppo–
site page) for Important information regarding your
rights to d ispute billing errors.
NOTICE: ANY HOLDER OF THIS CONSUMER CREDIT
CONTRACT IS SUBJECT TO ALL CLAIMS AND
DEFENSES WHICH THE DEBTOR COULD ASSERT
AGAINST THE SELLER OF GOODS OR SERVICES
OBTAI NED PURSUANT HERETO OR WITH THE
PROCEEDS HEREOF. RECOVERY HEREUNDER BY
THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID
BY THE DEBTOR HEREUNDER.
NOTICETO THE BUYER: Do not sign thiscredit agreement
before you read it or if it contains any blank sp~s. You are
entitled to acompletely filled In copy of the credit agreement
when you sign It. Keep It to protect your legal rights. You
have the right to pay In advance the full amount due.
HAWAII-NOTICE TO THE BUYER:
1. Do not sign this contract before you read it or If It contains
any blank space. 2. You areentitled to a completely filled in
copy of this contract when you sign it. 3. Under the law, you
have the following rights: (a) To pay off In advance the full
amount due and to obtain a partial refund of the finance
charge, if paid in advance; (b) Under certain conditions, to
redeem the property if repossessed for a default.