Service Fee

The Service Fee is a usage-based charge for Payment Terms. It accrues every 15 days from the purchase date using simple, non-compounding interest, and is capped at a maximum of 5 periods.

Late Fee

The Late Fee is a one-time charge applied only if repayment is delayed more than 15 days past the due date. It’s designed to encourage timely repayment.

Formula

Service Fee = Financing Amount × Service Fee Rate × Number of 15-day periods (max 5)

Late Fee = Financing Amount × Late Fee Rate

Key Notes

Service and Late Fees are not refunded.
Score may waive Service and Late fees at its discretion to encourage repayment.