| The calculations below are based on an initial draw of your full Approved Credit Limit of [approved credit limit] and assume that you will pay off the draw entirely according to the agreed payment schedule, that you miss no payments, and that you do not re-draw on this line. Actual costs may differ substantially. | ||
| Funding Provided | $20,000 | This is the maximum amount of financing Mudflap may provide. |
| Annual Percentage Rate (APR) | 0.00% | APR is the cost of your financing expressed as a yearly rate. APR includes the amount and timing of the funding you receive, interest and fees you pay and the payments you make. APR is not an interest rate. Your interest rate is 0.00%. Your APR may be higher than your interest rate because APR incorporates interest costs and other finance charges. |
| Estimated Finance Charge | $0.00 | This is the dollar cost of our financing based upon the assumptions described at the top of this disclosure. |
| Estimated Total Payments | $20,000 | This is the total dollar amount of payments you will make during the term of the contract based upon the assumptions described at the top of this disclosure. |
| Estimated Payment | $20,000 | The full balance is due the day after the close of each billing window. |
| Draw Period | None | This product does not have a draw period. |
| Term | 1-day, 3-or 4-day, 7-day, billing window (revolving) | |
| Prepayment | If you pay off the financing early, you will not need to pay any portion of the finance charge other than unpaid interest accrued (if applicable). | |
| If you pay off the financing early, you will not pay additional fees. | ||
| Collateral Requirements | None | |
| Avoidable Fees and Charges | Non-ACH payment fee: 3% of payment amount to pay by card / $25 for other method Late Fee: greater of $10 or 3%-6% of the overdue amount (based on age of delinquency) Returned Payment Fee: $10 per returned payment |
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Applicable law requires this information to be provided to you to help you make an informed decision. By signing below, you are confirming that you received this information.
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The calculations below are based on an initial draw of your full Approved Credit Limit of [approved credit limit] and assume that you will pay off the draw entirely according to the agreed payment schedule, that you miss no payments, and that you do not re-draw on this line.
| a) Total Amount of Funds Provided (Approved Credit Line) | $20,000 |
| b) Total Amount of Funds Disbursed | $20,000 |
| c) Total of Payments | $20,000 |
| d) Total Dollar Cost of Financing | $0 |
| e) Estimated Payments | Full balance, including new charges, to be paid via ACH through your linked bank account at the end of each 7-day, 3- or 4-day, 1-day billing period |
| f) Prepayment | No Penalty |
| g) Any Amount of Funds Paid to a Broker | None |
The Mudflap Fleet Card is powered by Highnote and issued by Celtic Bank, pursuant to a license from Visa U.S.A., Inc. The specific issuing bank for your card will be identified on the back of your card and in your account agreement. The Mudflap Fleet Card is also known as the “Mudflap Fuel Card”, the “Mudflap Card”, and the “Fuel Card”. The card is subject to credit approval.
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