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. If in a billing cycle you send us more than the Minimum Payment Due in any billing cycle, then in the next billing cycle you must still pay at least the Minimum Payment Due. AUTHORIZATION OF TRANSACTIONS. We are not responsible (i) if a merchant or financial institution does not honor your Card or (ii) for goods or services you purchase using your Account, except to the extent required by applicable law. Although you may have credit available, we may decline transactions for any reason, including: operational difficulties, default, suspected fraudulent or unlawful activity or mistakes. Transactions above a certain dollar amount may require authorization by us before the transaction can be approved. The number of transactions you may make in one day may be limited since we may limit the number of authorizations which may be given. We reserve the right to limit the amount and number of transactions we will authorize per day. From time to time, the number or amount of allowable authorizations per day may vary. These restrictions are for security reasons. As a result, we cannot explain the details of how this system works. Neither we nor our agents will be responsible if authorization for a particular transaction is not given.

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. If in a billing cycle you send us more than the Minimum Payment Due in any billing cycle, then in the next billing cycle you must still pay at least the Minimum Payment Due. AUTHORIZATION OF TRANSACTIONS. We are not responsible (i) if a merchant or financial institution does not honor your Card or (ii) for goods or services you purchase using your Account, except to the extent required by applicable law. Although you may have credit available, we may decline transactions for any reason, including: operational difficulties, default, suspected fraudulent or unlawful activity or mistakes. Transactions above a certain dollar amount may require authorization by us before the transaction can be approved. The number of transactions you may make in one day may be limited since we may limit the number of authorizations which may be given. We reserve the right to limit the amount and number of transactions we will authorize per day. From time to time, the number or amount of allowable authorizations per day may vary. These restrictions are for security reasons. As a result, we cannot explain the details of how this system works. Neither we nor our agents will be responsible if authorization for a particular transaction is not given. If you exceed your Credit Limit, or if your Account is past due, authorization for transactions may be declined.