Common use of COLLECTION COST Clause in Contracts

COLLECTION COST. If after your default we refer your Account to an attorney for collection, we may charge you our collection costs, including court costs and reasonable attorneys’ fees, to the greatest extent not prohibited by applicable law. YOUR PAYMENTS. Each billing cycle you must pay the Minimum Payment Due shown on your Periodic Statement by the Payment Due Date. If you wish, you may pay more than the Minimum Payment Due without incurring any additional charge and we will use the excess to reduce your Account balance. Petersburg, FL 33716. No payment will operate as an accord and satisfaction without the prior written consent of a senior bank officer or Bank representative or authorized agent. We are under no obligation to hold a postdated check and reserve the right to process every item presented as if dated the same date received by us or our check processor unless you give us adequate notice and reasonable opportunity to act on it. Except where such notice and opportunity is given, you may not hold us liable for depositing any postdated check.