http://www.visioncredit.org Your Nonprofit Credit Counseling Organization Sat, 04 Feb 2012 20:07:52 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/comment-page-1/#comment-1316 Universal Default Returns | Vision Credit Education, Inc. Fri, 12 Dec 2008 22:13:02 +0000 http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/#comment-1316 [...] Universal default is a practice of some credit card companies that increase your credit costs if they see signs of weakness on your credit report. In practice, a consumer that falls behind or goes over-the-limit on one credit card account could experience interest rate hikes and reduced credit limits on their other credit card accounts, even those issued by other creditors. [...] [...] Universal default is a practice of some credit card companies that increase your credit costs if they see signs of weakness on your credit report. In practice, a consumer that falls behind or goes over-the-limit on one credit card account could experience interest rate hikes and reduced credit limits on their other credit card accounts, even those issued by other creditors. [...]

]]> http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/comment-page-1/#comment-1260 Citibank Raising Interest Rates for Some Cardholders | Vision Credit Education, Inc. Tue, 02 Dec 2008 10:53:34 +0000 http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/#comment-1260 [...] include missed or late payments and exceeding the credit limit on any card account. Of course, if universal default clauses return to the market, then there may be nothing you can do to prevent default rate pricing unless [...] [...] include missed or late payments and exceeding the credit limit on any card account. Of course, if universal default clauses return to the market, then there may be nothing you can do to prevent default rate pricing unless [...]

]]> http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/comment-page-1/#comment-1052 Credit Card Issuers to Begin Raising Rates | Vision Credit Education, Inc. Sat, 15 Nov 2008 04:56:41 +0000 http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/#comment-1052 [...] purpose of abandoning policies of universal default and the “any time for any reason” justification for rate increases was to appease [...] [...] purpose of abandoning policies of universal default and the “any time for any reason” justification for rate increases was to appease [...]

]]> http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/comment-page-1/#comment-141 Fed Tightening Credit Card Rules - Vision Credit Education, Inc. - Your Nonprofit Credit Counseling Organization Mon, 05 May 2008 16:34:15 +0000 http://www.visioncredit.org/credit-counseling/credit-score-information/credit-definitions/universal-default/#comment-141 [...] interest rate for reasons deemed unfair. This could effectively end the once common practice of universal default. Most major card issuers abandoned universal default practices voluntarily after increased [...] [...] interest rate for reasons deemed unfair. This could effectively end the once common practice of universal default. Most major card issuers abandoned universal default practices voluntarily after increased [...]

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