Universal default is really a fine-print item that is element of many charge card contracts.

Universal default is really a fine-print item that is element of many charge card contracts.

The universal default clause is triggered whenever credit cards client who has got otherwise had a great credit score, has a bad show through to his/her credit history (such as for example a belated repayment). One late or missed payment may trigger not just belated charges for the account, but may trigger increased interest levels on other credit reports. Read More