If you ask us to issue a credit card on this account to another person, he or she is an authorized user. This is true even if you told the authorized user not to make that specific charge.Ī charge will still be authorized even if it is an illegal transaction (like illegal gambling charges), or it puts you over your credit limit, or it is made after your account has closed.Īn authorized charge can be made over the telephone, in person, on the Internet, or in any other way that your account can be used. Authorized chargeĪn authorized charge is any charge that you or any authorized user makes on the account, and any fees and interest charges owing on the account.Īny charge made by an authorized user is an authorized charge. Subject to the extent of the assignment, any party to whom we assign your contract will enjoy all our rights under the contract, including contractual rights to collect amounts that you owe on the account.
We assign your credit card contract if we sell or pass to a third party any or all of our rights or obligations under the contract, including any amount that you owe under the contract. We use the APR that applies to each balance to calculate the interest that you owe us on the account. Different APRs may apply to different balances on your account, such as your purchase balance or your cash advance balance. APR or Annual percentage rateĪPR or “annual percentage rate” is an annualized interest rate. Your address on file is the address that you provided on your application to open this credit card account, unless (1) we have received and processed your written notice of a change of address provided in accordance with the terms disclosed on the back of your bill, in which case that new address is the address of record or (2) in the event that your address changes before we have sent out your first bill, we have received and processed your written notice of a change of address sent to us at the address for mailing payments.
If you need legal advice, please contact a lawyer directly.If your credit card contract says that it's using the Consumer Financial Protection Bureau's definitions of credit card terms, then any word or phrase in your credit card contract that is underlined will have the definition set out in the defined terms below.įor any such underlined word or phrase, the definition below will be part of your contract with your credit card issuer. This blog does not constitute legal advice and does not establish an attorney-client relationship. Also, if you want to know the difference between a Chairman and a President, you can read it here. If you want to know more about whether you can sign a contract, you can read here. So if the Chief Executive Officer of the company is signing, that person would identify himself or herself as “its Chief Executive Officer” by writing “ Chief Executive Officer” next to “its. The word “Title” or the word “Its” is where the person signing puts the name of his or her position with the company the he or she represents. Sometimes we use the word “Its” instead of “title.” It is intended to designate what position the signer holds at the company, in order to give evidence that this person is authorized to sign on behalf of the company. A contract signature block that looks somewhat like the following:
0 kommentar(er)
