Insurance Terms for Financing
Finance Terms: Setup Fee = $25, Monthly Finance Charge = Finance Balance Due x 1.5% or $20.00, whichever is greater. Down payment = 50% of the Total Amount Financed. A $20 processing fee is added to each monthly payment. Payments are automatically deducted on the 1st of each month.
I authorize Allied Beauty Experts to charge the agreed upon monthly payment to my Mastercard, Visa, American Express or my checking account each month. Payments apply first to membership fees, taxes, administrative fees and testing fees.
I understand that the entire insurance premium is earned at inception and that no refunds are allowed. I also understand and agree that should I be more than 15 days late on any payment, the full amount of the contract shall become due immediately. I understand that there will be a late payment fee of at least $30.00 added to my balance.