Credit Account Application

I/We apply to open a monthly credit account and acknowledge that I/We have read the terms stated and agree to abide by these terms.

1. Payment is due on the 20th day of the month following delivery. Failure to do so may result in the stopping of credit facilities without notice, until payment is made. Overdue accounts will incur interest charges at 2% above bank overdraft interest rate.
2. Continued non-compliance will result in the account being closed and legal action taken to recover the amounts outstanding. All costs of collection including debt collector’s fees will be added to the account. I/We authorise any seller or person to irrevocably provide you with such information as you may require in response to your credit enquiries for your provision of credit to me/us. I/We further authorise you to furnish any third party any details contained in this application and any details of subsequent dealing that I/We may have as a result of this application being actioned by you and to use for any lawful purpose connected with our business, any information which I/We or any third party may provide.

I/We, the Guarantors, acknowledge that I/We understand all the provisions and terms of this application and agree that in the consideration of Decorative Supplies Ltd agreeing to supply the above applicant with goods and services from time to time, the Guarantor/s will pay all such moneys upon demand and shall be liable as a principal debtor in respect of all liabilities to Decorative Supplies Ltd.