Legal Info » Legal Financing
LEGAL INFORMATION / FINANCING
Cash payments are to be paid in person only. Please DO NOT / NEVER mail cash payments. Any returned check for non-sufficient funds, will be subject to a $45.00 processing fee, on top of check amount, plus a $5.00 late fee, if applicable.
For your convenience, you can layaway your down payment amount. Take up to six months to deposit required down payment amount. Merchandise would be released after full down payment is deposited.
Financing merchandise cost increase - Since ALL cost prices shown on our website are considered cash prices, a 10% merchandise cost increase will take effect, when financing any merchandise. This merchandise cost increase, will be credit towards remaining balance ( not as a payment, rather as a whole one-time deduction, from balance only ), after six consecutive on-time weekly, bi-weekly or monthly payments.
Six consecutive on-time weekly, bi-weekly or monthly payments, must be made before the 10% merchandise cost increase amount can be deducted from remaining balance. In the event this cannot be achieved, the 10% cost increase amount, will not be deducted from your In-House Financing agreement balance. No exceptions.
The AFBC In-House Financing Property / Life Insurance cost is determined by length of agreement. The minimum cost is S $3.00 and the maximum cost is $24.00, if agreement is being financed for 24 months. Valuable protection at an affordable cost, another way AFBC wants every customer being financed, to have peace of mind during their In-House Financing agreement, if difficult times come their way.
In order for AFBC to honor the Property / Life Insurance, customer must provide written proof of loss of merchandise due to fire or theft, as soon as possible, before next scheduled payment. A Police or Fire Department report copy must be provided. In the event of loss of life by the primary insured customer, a death certificate copy must be provided, by any family member, as soon as possible.
After written proof of loss of property, due to fire or theft, or loss of life by primary insured customer, a paid in full invoice will be mailed to the address on file, showing a zero balance. Please allow 24 hours to be mailed.
Payments made via US Postal Service, will be considered current, as long as postmaster date on letter is before or the same date as payment due date. Payment receipts will be mailed back to customer, showing new balance, on the following weekday.
The AFBC Accident / Job Loss Insurance doe not prevent late fees or payment pick up fees. ALL Payments need to be paid on time, otherwise, late fees will add up to your outstanding balance. Please remember that no ownership rights exists until merchandise is paid in full, to extent of agreement or early pay-off is exercised.
A $1.00 paperwork and receipts fee, will be added to ALL AFBC In-House Financing agreements, unless paid with cash upfront. This fee is added to help recover the cost of all paperwork and payment receipts, associated with financing a purchase order. ( credit application, down payment receipt, customer proofs / documentation copies, future payment receipts, etc).
Non-sufficient funds ( NSF ), returned checks are subject to a $45.00 processing fee, on top of check amount, plus late fee, if applicable.
AFBC reserves the right to refuse financing to any applicant at anytime, without cause at AFBC's sole discretion. By applying to the AFBC No Credit In-House Financing, you agree and abide to ALL exclusions / terms above.
If you have any questions or comments about our Legal Information / Financing page, please don't hesitate to Contact Us. Thank you!