Facing the Financial Crisis | KETC | Universal Default Clause
Part of every credit card application is the universal default clause, which allows credit card companies to monitor your credit history, and if you miss a payment with anyone, they have the right to raise your minimum payment and your interest rate. Ifyou have more questions, you can call the United Way's helpline at 1-800-427-4626 or 2-1-1 for information about trusted community resources in the Greater St. Louis area you can turn to.
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Lesson 122 - Universal Default
Professor Cardworthy explains what credit card universal default is. For more information or to ask a question, visit CardTrak.com . Play "Test Your Card Smarts" for a daily gift card giveaway and a chance to win $5,000.
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: 12/07/07 03:14
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Universal Defaul: Credit cards
Suzy Orman explains the basics about the "Universal Default" used by credit card companies to charge you very high interest rates.
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: 27/12/07 23:08
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