R.C. Willey Finance Plans

Below is a description of our finance plans. Look them over and choose the plan that is best for you.

Regular Finance Plan (REG)
This is a regular revolving credit plan. Interest accrues on the average daily balance and requires Minimum Monthly Payments.

90 Day Financing (90DY)
The 90 Day financing plan requires no payments for 3 billing cycles. Interest does accrue on the accounts’ average daily balance. If the amount is not paid in full by the end of the third billing cycle, the outstanding balance and accrued interest will be transferred to the Regular Finance Plan.

6 Months, No Interest (6NI)*
This program requires no down payment, with a MINIMUM PAYMENT (3% of the principal balance or 4% with Payment Protection Insurance) DUE EACH MONTH for 6 cycles. On the 6th billing cycle the customer will be billed for the final principal payment. If the balance is not paid in full by the due date, the accrued interest will be added to the remaining principal balance and transferred to the customer's Regular Finance Plan (REG). If 2 consecutive payments are missed, accrued interest will be charged from the date of purchase at a rate of 1.75% per month (APR 21%) on the average daily balance, and the entire balance transferred to the REG plan.

12 Months, No Interest (12NI)* (Used only for in-store special promotions and/or products)
This program requires no down payment, with a MINIMUM PAYMENT (3% of the principal balance or 4% with Payment Protection Insurance) DUE EACH MONTH for 12 billing cycles. On the 12th billing cycle the customer will be billed for the final principal payment. If the full balance is not paid in full by the due date, the accrued interest will be added to the remaining principal balance and transferred to the customer's Regular Finance Plan (REG). If 2 consecutive payments are missed, accrued interest will be charged from the date of purchase at a rate of 1.75% per month (APR 21%) on the average daily balance, and the entire balance transferred to the REG plan.

*Plans that are not available at participating merchants. These plans only apply to purchases made at R.C. Willey store locations.

Average Daily Balance
To get the "average daily balance" we take the beginning balance of your account each day, add any new [purchases/advances/loans], and subtract any payments or credits, [and unpaid finance charges]. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the "average daily balance."

Minimum Monthly Payments
Minimum monthly payments range between 3% and 5% of your accounts highest balance until the account is paid in full. The percent used to calculate your monthly payment is based upon several factors including credit history.

Billing Cycle
A billing cycle is the period covered by a statement. The charts below will help you determine what billing cycle your plan will be transferred to your Regular Plan if the balance isn't paid in full.

5th Due Date
Purchase Date	90DY/BTC Due	6NI Due	12NI Due
Jan 11 - Feb 10	May 5	Aug 5	Feb 5
Feb 11 - mar 10	Jun 5	Sep 5	Mar 5
Mar 11 - Apr 10	Jul 5	Oct 5	Apr 5
Apr 11 - May 10	Aug 5	Nov 5	May 5
May 11 - Jun 10	Sep 5	Dec 5	Jun 5
Jun 11 - Jul 10	Oct 5	Jan 5	Jul 5
Jul 11 - Aug 10	Nov 5	Feb 5	Aug 5
Aug 11 - Sep 10	Dec 5	Mar 5	Sep 5
Sep 11 - Oct 10	Jan 5	Apr 5	Oct 5
Oct 11 - Nov 10	Feb 5	May 5	Nov 5
Nov 11 - Dec 10	Mar 5	Jun 5	Dec 5
Dec 11 - Jan 10	Apr 5	Jul 5	Jan 5

15th Due Date
Purchase Date	90DY/BTC Due	6NI Due	12NI Due
Jan 21 - Feb 20	May 15	Aug 15	Feb 15
Feb 21 - Mar 20	Jun 15	Sep 15	Mar 15
Mar 21 - Apr 20	Jul 15	Oct 15	Apr 15
Apr 21 - May 20	Aug 15	Nov 15	May 15
May 21 - Jun 20	Sep 15	Dec 15	Jun 15
Jun 21 - Jul 20	Oct 15	Jan 15	Jul 15
Jul 21 - Aug 20	Nov 15	Feb 15	Aug 15
Aug 21 - Sep 20	Dec 15	Mar 15	Sep 15
Sep 21 - Oct 20	Jan 15	Apr 15	Oct 15
Oct 21 - Nov 20	Feb 15	May 15	Nov 15
Nov 21 - Dec 20	Mar 15	Jun 15	Dec 15
Dec 21 - Jan 20	Apr 15	Jul 15	Jan 15

25th Due Date
Purchase Date	90DY/BTC Due	6NI Due	12NI Due
Jan 1 - Jan 31	Apr 25	Jul 25	Jan 25
Feb 1 - Feb 29	May 25	Aug 25	Feb 25
Mar 1 - Mar 31	Jun  25	Sep 25	Mar 25
Apr 1 - Apr 30	Jul 25	Oct 25	Apr 25
May 1 - May 31	Aug 25	Nov 25	May 25
Jun 1 - Jun 30	Sep 25	Dec 25	Jun 25
Jul 1 - Jul 31	Oct 25	Jan 25	Jul 25
Aug 1 - Aug 31	Nov 25	Feb 25	Aug 25
Sep 1 - Sep 30	Dec 25	Mar 25	Sep 25
Oct 1 - Oct 31	Jan 25	Apr 25	Oct 25
Nov 1 - Nov 30	Feb 25	May 25	Nov 25
Dec 1 - Dec 31	Mar 25	Jun 25	Dec 25

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