Credit Policy
Effective April 1, 2008, Ashby Equity Association implemented a new company credit policy for all accounts.  The Board of Directors, Management and Staff understands the importance of extending convenience credit to our customers.  For this reason, the new credit policy has been adopted.  Please read the following credit terms.  

Credit Policy  

Links to other pages
Links to Forms
HomeCert of Exemption
Credit applicationForm W-9

Credit application must be completed and approved before an open account for convenience credit will be allowed.

The closing date of the billing cycle will be the end of the month, with monthly statements furnished for charge purchases.  Payment will be due by the 25th of the month following the purchase.

If an account is not paid in full by the 25th of the following month of purchase, the account will be charged a 5% late payment fee ($5 minimum) on the previous months balance plus the account will accrue a finance charge of 1.5% per month, equaling an 18% annual rate.

If the account is not paid prior to the next closing date it will be considered past due.  No additional charges can be made until it is paid, or payment arrangements have been approved by management.

Late fees and finance charges will not apply to deferred billing programs and equal payment plans unless payment is not received by the 25th of the month they are due.  

A credit card transaction fee may be added for credit card payments on account.  (See credit card use policy below.

If a customer is in default, customer agrees to pay cost of collection including attorney fees incurred by Ashby Equity Association .

This disclosure notice is presented to you pursuant to its Articles of Incorporation and By-Laws.

Board of Directors and Management
Ashby Equity Association
New Credit Card Use Policy

With the advent of many new credit card perks the use of credit or debit cards has gone up significantly.  Product prices have also increased and so has our credit card transaction fee expense.  We will consider the use of credit or debit cards at the point of sale or for a payment on account the same as cash with some new limitations.  The new limitation will be a maximum of $1000 per invoice.  The same $1000 maximum will apply for a payment on account.  No splitting of invoices or payments into $1000 increments will be permitted.  No additional credit or debit card fees will be added for a transaction under our new credit card use policy.  We thank you for your business and ask for your support and understanding on this new policy.