Credit Application Terms

Auto Body Specialties, Inc. would like to thank you for your interest in opening an account with us. However, there are a few requirements that we ask before we open any new account.

First, we require a credit application to be completely filled out with at least three business references listed. The application will be checked out and go before our board. If the account is approved we will set a reasonable credit limit for you.

ABS payment terms are, 2% – 10th, Net End Of Month. Payment must be postmarked by the 10th in order to receive your discount. Payments can be made with cash, check or electronic transfer/ACH. Payments may also be made with credit card, but the discount will not be allowed.

A service charge of 1.5% per month (18% annual rate) will be charged on amounts that are 30 days or more past due. Any account that is past due will be put on a C.O.D. basis and will remain so until approved by the board to open the account again.

For all new accounts we will watch your credit limit and if you should reach your limit, we will ask for a payment before any more merchandise is released. We would like to remind you that any business that offers an open charge account to its customers is a privilege for the customers. Your credit history is a very valuable asset.


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