064

COMPUCARD

The COMPUCARD is a revolving line of credit that provides an easy way to finance your initial computer, internet, IT and Network Services purchases at any time up to your credit limit.  The COMPUCARD is offered by Computadoras NET for qualified residents with approved credit.  Once approved, you can easily purchase again without reapplying for financing (subject to available credit).  See the advantages, APR (Annual Percentage Rates), minimum initial payment and terms below.

• No need to reapply for financing when you buy again from us.
• Special promotions and offers for best-qualified customers.
• Quick, easy and secure.
• No prepayment penalty.
• Easy monthly payments.
• No annual fee.

We strive to provide you with competitive interest rates. Our APR is 18%.

Minimum Initial Payment

The amount of your initial payment depends on the services or product bought.  The required minimum initial payment is the greater of $100 or 20% of the total price. This means that as long as your bought is $1000 or less, your minimum initial payment will always be $100.

There is a late fee of $15 on balances up to $100; $29 on balances of $100 up to $250; and $39 on balances of $250 and over.

• You must be at least 18 years of age.
• By filling and sending the online application, you ask that an account be opened in your name as you request, and that we renew and replace them until you cancel.
• You agree to be bound by the agreement governing your account.
• You understand that the agreement governing the account also provides, among other things, that the account terms, including the APRs and fees, are subject to change.
• You agree to be liable for all charges to your account now or in the future.
• You understand that you must provide all the information requested in the online application and you certify that such information is accurate.
• You authorize us to verify the information on this application and to receive and exchange information about you including requesting reports from consumer reporting agencies.
• Federal law requires us to obtain, verify, and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. To process the application, we must have your name, street address, date of birth, and other identifying information, and we may ask for identifying documents from you as well.
• You authorize us and our affiliates and subsidiaries to contact these sources for information at any time and to use any information obtained about you for administrative purposes.
• You allow four weeks from date of submission to process a completed application.
• We may gather information about you, including from your employer, your bank, credit bureaus, and others, to verify your identity and determine your eligibility for credit, renewal of credit, and future extensions of credit.
• To receive a COMPUCARD you must have an annual income of at least $12000 and you must meet our credit qualification criteria. Your credit line will be determined by your yearly income and a review of your credit report. You will be informed of the amount of your credit line after we process your application. Some credit lines may be as low as $500.

• We may change the rates, fees, and terms of your account at any time for any reason. These reasons may be based on information in your credit report, such as your failure to make payments to another creditor when due, amounts owed to other creditors, the number of credit accounts outstanding, or the number of credit inquiries. These reasons may also include competitive or market-related factors. If we make a change for any of these reasons, you will receive advance notice and a right to opt out in accordance with applicable law.