In order to obtain net terms you must fill out our credit application, and 2 weeks upon receiving we will determine the amount of credit assigned. We reserve the right to hold orders and/or to suspend credit terms for past due accounts. Currently, our interest charge on past due balances is at 45 days from the day of invoice, 1.5% per month (18% per year). This rate is subject to change without notice. Any and all costs incurred to collect an outstanding balance are the responsibility of the customer.