Credit Account Terms

Overview

The following terms and conditions outline Hubbard Supplyhouse’s standard credit and billing policies. They are provided for reference to help customers understand payment terms, billing practices, and account responsibilities.

Terms & Conditions

Hubbard Supplyhouse extends credit on Net 10th terms. Statements are emailed at the close of each month, and all account balances are due and payable by the 10th of the following month. Past due balances are subject to a finance charge of 1.5% per month, or 18% annually.

Attorney fees required for the collection of an account are the responsibility of the invoiced customer. Hubbard Supplyhouse reserves the right to revoke open account privileges at any time upon verbal or written notification.

Payments are applied first to finance charges and then to the oldest outstanding invoices, unless other instructions are provided by the customer at the time of payment and agreed upon by Hubbard Supplyhouse.

Acceptance of delivery of goods constitutes agreement to pay all costs of collection, including reasonable attorney’s fees of at least 25 percent of the account balance. Invoices serve as a memorandum and confirmation of sale and acceptance of goods in good order.

Applicable state sales taxes are applied to all purchases unless a properly completed resale certificate is submitted by the customer and is on file with Hubbard Supplyhouse.

Hubbard Supplyhouse may conduct a credit investigation as part of its credit review process, including obtaining a consumer credit report when permitted by law.