Touch Point Appliance Mart 243 Island Street Trinidad & Tobago
Dear Mrs. Robb,
New Payment Option for Purchase Account This letter in response to your enquiry about our hire purchase payment options. You are given an option to open a new account by setting a credit limit that is affordable to you each month. Your statement, which gives detailed information about purchases for the month, will be generated on the last business day of each month. However, your due date for payment will be on the 6th of the following month. As our valuable customer, you are given the option of setting your account in full which has a greater advantage as no interest will be charged. On the other hand, if you decided to make part payment on the account interest will be calculated at twelve and a half percent (12 ½%) on the outstanding balance. For the next month your statement will show the balance in arrears, plus any further purchases. Please let us know which option you prefer by completing the enclosed form and returning it to us.
Yours Sincerely,
_____________________ Simroy Smith Accountant Enc. YCH