Payment & Fees
As an SPS account holder, you agree to credit terms of NET 30 DAYS from date of invoice. Past due invoices are subject to a finance charge of 1.5% per month.
You agree that should it be necessary to employ a collection agency or attorney to collect monies due, you will be responsible for all reasonable costs of collection. As an inducement to grant credit, the signed credit application authorizes and releases all businesses, banks, and persons identified on the application to furnish any and all information requested by SPS or its representative, by telephone or written correspondence. The signed application further warrants that the information provided is true and correct.
Authorization for credit check
By signing the SPS credit application, you authorize SPS or its agent to investigate your personal credit and financial records including your bank records. As part of such investigation, you authorize SPS to request and obtain consumer credit reports on you in connection with the opening, monitoring, renewal and extension of this and other accounts with SPS. If you request, SPS will tell you whether your consumer credit report was requested and, if so, the name and address of the consumer credit-reporting agency that furnished the report.
By signing the SPS credit application, you acknowledge that you have personally guaranteed the debts and obligations of your business and agree that you are personally obligated to perform all of the terms of and make all payments to SPS required by the agreement of which the application is a part.