factual
When are finance charges due and payable for Bw Premier Collection accounts?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
art row entitled "Finance Charge" is replaced with the following:
| Finance Charge | 1 ½ % of delinquent account balance assessed monthly (18% Annual Percentage Rate) (10% in | Due and payable upon statement receipt. | Finance charge for late payment of account, assessed after 45 days. |
|---|---|---|---|
| California) |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, finance charges on delinquent accounts are due and payable upon statement receipt. The finance charge is 1 ½ % of the delinquent account balance assessed monthly, which equates to an 18% Annual Percentage Rate, except in California, where it is 10%. These finance charges are assessed after 45 days of non-payment.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.