We certify that the information provided in this application is true, accurate, and complete to the best of our knowledge, and is submitted voluntarily. We hereby authorize TC Tire LLC dba Texas Commercial Tire to investigate our creditworthiness, credit history, and financial responsibility by any reasonable means, including but not limited to inquiries with credit bureaus and direct contact with current or former creditors.
We understand and agree that standard payment terms are Net 10th Monthly (unless otherwise stated on the invoice), and we agree to make all payments promptly in accordance with those terms.
It is agreed that title to all goods and products sold shall remain with Texas Commercial Tire until payment in full has been received. In the event of a default in payment, Texas Commercial Tire reserves the right to take possession of said goods without prior notice to the purchaser.
The applicant, and each guarantor, surety, or endorser, jointly and severally waives all rights to grace, demand, presentment, notice of protest, and notice of non-payment. Each further consents that the time of payment may be extended without notice.
The applicant agrees to pay all applicable interest or finance charges, not to exceed 12% annually, as stipulated on each invoice.
A late payment fee of 1.5% per month (or $25.00, whichever is greater) will be assessed on all past due balances. This fee will continue to accrue monthly until the outstanding balance is paid in full.
It is fully understood by the applicant and each guarantor, surety, or endorser named in this application that each jointly and severally waives all rights to grace, demand, presentment, notice of protest, and notice of non-payment, and consents that the time of payment may be extended with or without notice.
The applicant further agrees to pay all interest, finance charges, and/or late payment fees as stated on each invoice, not to exceed the maximum rate allowed under Texas law, currently up to 24% annually pursuant to Texas Finance Code §303.002. If any charge is deemed to exceed the lawful limit, it shall be automatically reduced to the highest rate permitted by law.
In the event that unpaid charges—supported by invoices and any accrued interest or late fees—are placed in the hands of an attorney, collection agency, or other party for collection (whether through litigation, probate, or bankruptcy proceedings), the applicant and all parties jointly and severally agree to pay all reasonable costs of collection, including attorney’s fees and court costs, in addition to the principal balance and accrued interest due at the time of recovery.
