CONTRACT

PROMISE TO PAY AGREEMENT

Client’s Name:_______________________________________ 

Address:________________________ 

By signing this Agreement I acknowledge and reaffirm my outstanding debt about fees/fines of Php.______  with the Gel’s Online Gadget Store as of ________________________. 

By signing this agreement I agree to pay  my outstanding debt according to the following schedule, terms, and conditions: 

1. I agree and accept responsibility for monthly payments of at least Php. _________________. Payments start after receiving the unit and will continue until the account is paid in full. 

2. I understand all payments are to be made payable to Gel’s Online Gadget Store and mailed to: angelica_notarte@dlsu.edu.ph, reccabalderama17@gmail.com, 70 B San Ignacio St Tondo Manila; 09950952634 or 09617063934

3. I understand it is my responsibility to notify Angelica Marie Notarte and Recca Balderama of any address, phone, name, or email changes. Notification must be promptly made to Gel’s Online Gadgets Store’s email address, phone number, Facebook messenger, and Facebook page.

4. I understand that I may make additional payments beyond the agreed monthly payment at any time; however, I am still responsible for continuing to make the minimum monthly payment; 

5. I understand I will not be able to make late payments for any reason and I also understand that Failure to pay on time will result in a late charge payment of Php. 100.00 per day in addition to the installment amount and interest amount. 

6. I also understand and agree that if I fail to comply with any part of the above-mentioned payment schedule, terms and conditions, and/or if any installment is late for more than FORTY (40) days, this unit may be declared immediately due and payable in full at Gel's Online Gadget Store's sole discretion. I agree to pay all monthly payments, as well as any other reasonable collection costs and charges if any amount is not paid when it is due. I agree to sell any personal asset as well as all reasonable costs of collection. If I fail to pay, legal action will be taken. I have read this agreement carefully and thoroughly, and I fully comprehend its purpose, intent, and effect.

Date______________________ 

Client’s  Name & Signature ______________________________________________

Cell No._______________________ 

Email Address_________________________________

As a guarantor of this agreement, I solemnly promise that I will take full responsibility to pay her debt when she/he fails to pay his/her monthly payment. 

GUARANTORS TO THIS AGREEMENT:

NAME & SIGNATURE:

NAME & SIGNATURE:

NAME & SIGNATURE:

Click here for downloadable file: https://docs.google.com/document/d/1XMTVjbPcyOtmYGiUXUmblSA2L3zs7guhOELBd-1vcms/edit?usp=sharing