Application for Credit
Pending approval of an open account, the terms of our agreement with VMAC are: CASH IN ADVANCE for all purchases.
If approved agrees to pay VMAC’s terms: Agreement entered into this date between VMAC DIVISION OF MANGONEL INVESTMENTS CORPORATION (VMAC) and the firm, corporation or individual signing this document here and after referred to as “purchaser” as follows:
THAT purchaser expressly agrees that VMAC may obtain bank or trade information from the above bank and trade references for the purposes of establishing the credit history of the purchaser. THAT when VMAC grant an open account for purchaser to obtain merchandise or services: THAT the total amount of said purchases shall be paid in full, on or 30 days from date of invoice; THAT purchaser agrees to pay 1-1/2% per month (18% per annum) interest charges on any open account balances after 30 days of invoice date.
Dated at this day of
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Document Name: Application for Credit
Agree & Sign