When you obtain a cash advance we will impose a transaction fee of 25% of the amount you borrow. For example, if you obtain a $100 advance, we will deposit $100 into your bank account and you will be assessed a transaction fee of $25.

If for any billing cycle in which there has been a balance on your account and the total interest and transaction fees that would be imposed do not equal the minimum charge (see below), we will impose the minimum charge as opposed to any interest or transaction fees. To determine the amount of the charge, first look at the chart below. Locate your credit limit in the first column and then look at the column that corresponds to the length of your billing cycle.

For example, if your credit limit was $800 and you are paid monthly then your minimum charge would be $150. If you are paid bi-weekly it would be $75.

Second, reduce the minimum charge found in the chart so that the minimum charge will not exceed 25% of the total of your scheduled principal balance and your scheduled fee balance (excluding transaction fees from the current billing cycle) if you are a monthly customer (or 12.5% if you are a bi-weekly or semi-monthly customer).

For example, if your credit limit was $800 and you are a bi-weekly customer, your minimum charge would be $75. However, if the total of your scheduled principal balance and your scheduled fee balance (excluding transaction fees from the current billing cycle) is $300, then your minimum charge is $37.50.

Please note Minimum charge is not your minimum payment. Please see minimum payment for explanation of this term.

Minimum payments are due on your pay dates. The minimum payment on each due date will be 25% of the total of (i) the Scheduled Principal Balance, (ii) the Scheduled Fee Balance and (iii)any late fees imposed during the billing period; plus all accrued interest at the end of the prior billing period, or $100, whichever is greater, not to exceed the account balance. You can find your minimum payments on each periodic statement.

To get the Principal Balance, upon which interest is calculated, we take the beginning Principal Balance of your account each day and add any new advances and subtract any payments received that day and the principal amount of any payments (or, if not paid sooner, any principal as of the date that is due).

The Scheduled Fee Balance is the total of the transaction fees and minimum charges that have been added to your account. To get the "scheduled fee balance" we take the beginning scheduled fee balance of your account each day and add any new transaction fees or minimum charges and subtract any credits to fees received that day and the fee amount of any payments (or, if not paid sooner, any fee amounts as of the date that such amounts are due). When your account balance is $0 you will not be assessed transaction fees or minimum charges.

If you are 15 day(s) late in making a scheduled payment, you shall be charged a late fee of $15.