IMPORTANT INFORMATION ABOUT ACCOUNT OPENING PROCEDURES: Federal law requires all financial institutions, prior to account opening, to obtain,
verify, and record information that identifies each person who asks to open an account.
WHAT THIS MEANS TO YOU: When you apply for credit, we will ask your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents. Failure to provide the required information may result in denial of your request to
open an account.
This is an application for credit to Sheffield Financial, a division of Branch Banking and Trust
Company (“Application”). The words “we,” “us,” and “our” and “Sheffield” means and includes
Sheffield Financial, its designated service providers, agents, assigns, and successors, as
applicable. The words “you” and “your” mean each applicant (as individuals) and both applicants
(collectively) shown in Section 1 and signing the Application, either as the primary applicant or a
You agree that you read this Application and everything stated in it is true and complete. You certify
that you are at least 18 years of age.
If this Application is for a credit card and revolving line of credit account provided by Sheffield
(“Sheffield Card”), then: (a) you agree that you are asking Sheffield to issue a credit card to you if
Sheffield approves this Application; and (b) you certify that you have read and agree to the terms
for the Sheffield Card shown in the Application and Account Opening Disclosures.
You authorize us to verify and obtain your credit and employment history or other information about
you in this Application. You authorize us to obtain credit reports or similar consumer reports about
you from one or more consumer reporting agencies in connection with your Application. If we
approve this Application, you authorize us to obtain such credit and consumer reports about you in
the future from consumer reporting agencies in connection with reviews, updates, extensions,
renewals, modification, servicing, and collection of your Sheffield account, and other legitimate
purposes allowed by law. If you request, we will inform you whether we obtained a consumer report
about you and, if so, provide the name and address of the consumer reporting agency that
furnished any such report.
You understand and agree that we may provide information about your transactions with us to third
parties (including consumer reporting agencies) for lawful purposes. WE MAY REPORT INFORMATION
ABOUT YOUR ACCOUNT TO CREDIT BUREAUS. LATE PAYMENTS, MISSED PAYMENTS, OR OTHER
DEFAULTS ON YOUR ACCOUNT MAY BE REFLECTED IN YOUR CREDIT REPORT.
You agree that we may call you, leave you a voice, prerecorded, or artificial voice message, or send
you a text, e-mail, or other electronic message for any purpose related to your accounts with
Sheffield, its products and services, or surveys or research (each, a “Communication”). You agree
that we may call or text you at any telephone number associated with your accounts, including
cellular telephone numbers, and may send an e-mail to any email address associated with your
accounts. You also agree that we may include your personal information in a Communication and
may conduct a Communication using an automatic telephone dialing system. We will not charge
you for a Communication, but you understand that your service provider may. You understand and
agree that we may always communicate with you in any manner permitted by law that does not
require your prior consent.
You certify that: (i) the property purchased pursuant to this Application is for your personal and/or
business use; (ii) you are fully responsible for making all payments for such property; (iii) such
property will be in your possession or under your control, until the amount financed and all interest
charges have been paid in full; and (iv) you are not purchasing any property financed through us
for the benefit or use of a person or entity other than you, without our prior written approval. You
understand and agree that you are granting us a purchase money security interest in the property
you purchase with the Sheffield account.
CALIFORNIA RESIDENTS: A married applicant may apply for a separate account. After credit
approval, each applicant shall have the right to use this account to the extent of any credit limit
set by the creditor and each applicant may be liable for all amounts of credit extended under this
account to each joint applicant.
NEW YORK RESIDENTS APPLYING FOR SHEFFIELD CARD: New York residents may contact the New
York State Department of Financial Services at 877-226-5697 to obtain a comparative listing of
credit card rates, fees, and grace periods.
OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit
equally available to all credit worthy customers, and that credit reporting agencies maintain
separate credit histories on each individual upon request. The Ohio Civil Rights Commission
administers compliance with this law.
MARRIED WISCONSIN RESIDENTS: If you (primary applicant, joint applicant, or both) are married,
then: (1) your name is:
(2) your spouse’s name and address is:. If you are married, your signature
confirms that any obligation under this account will be incurred in the interest of your marriage or
family. No provision of any marital property agreement, unilateral statement, or court order
applying to marital property will adversely affect a creditor’s interests unless the creditor, before
the time credit is granted, is furnished with a copy of the agreement, statement, or court order, or
has actual knowledge of the provision.