Credit Cards ? What is the ?Universal Default Clause??
Most people who carry major credit cards are well aware that the interest rates associated with them tend to be higher than for other types of lending, such as home or auto loans. Anyone who has paid their credit card bill late more than once or twice is also aware that doing so may cause the interest rate on their card to go up ? sometimes by quite a lot. Many credit cards carry interest rates of as much as 20% or 25% annually, and customers who want to avoid interest rates in that range make an effort to pay their bills on time.What many people do not realize, however, is that up to one third of all credit card issuers now include what is known as a "universal default clause" in their bills. This information, usually disclosed in the tiny print on the bill that few people bother to read, indicates that the interest rate on your credit card may be increased if you pay bills late to other lenders, even if you pay your credit card bill on time.This means that paying any bill late that could show up on your credit report, such as an auto payment or a utility bill could cause your credit card interest rate to go up. This, in turn, could hurt your credit score.
There is currently nothing in Federal law that prohibits this practice; the law only requires that lenders disclose it in writing. Credit card companies justify this by saying that customers that make late payments to anyone increase the risk for all lenders. Nevertheless, many, if not most, credit card customers are unaware that such policies exist.Not all credit card companies have such a policy; in fact, most do not. Customers who are not interested in having the interest rates of their credit card tied to their ability to pay their phone bill on time would be advised to read the fine print in their credit card statement. If such a policy exists, you could either complain to your credit card issuer about it or shop around for another credit card.
The lesson to be learned here is a valuable one ? when you receive your credit card bill or a notification that your credit card billing terms have changed, take a moment to read the fine print..
?Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.net, a site devoted to information regarding home equity loans.It is extremely common for people in todays society to become disillusioned by their regular job and to desire to find a good home based job. After all, working at home is so appealing. And with the current price of gas, home based jobs are becoming even
It is extremely common for people in todays society to become disillusioned by their regular job and to desire to find a good home based job. After all, working at home is so appealing. And with the current price of gas, home based jobs are becoming even more appealing.
Does this describe you? Are you looking for a home based job? There are a lot of opportunities that you can take advantage of. The first thing to do is to look on the internet. There are all sorts of opportunities that exist on the net to find home based jobs.
The internet is a huge resource for home based work opportunities.
However there can also be some dead ends. There are many great home based work opportunities available on the internet, but there are probably just as many scams.
How do you know which is which? Well it's not easy, you can't just have a look at a website and tell from how it looks whether it's genuine or not. But there are some general rules that...
Home loans > It is extremely common for people in todays society to become disillusioned by their regular job and to desire to find a good home based job. After all, working at home is so appealing. And with the current price of gas, home based jobs are becoming even
Mortgage Banking Software
Mortgage banking software can be useful to people who are looking into buying a home.
This software can help people research the type of mortgage they are looking for and can even be used during the application process.
The story of Mary Hart exemplifies the uses of mortgage banking software.
Mary Hart resides in the quiet isolation of a New Jersey suburb. For the past couple of years she has been confined to her modest residence of a two-storied rented house.
She was left alone to fend for herself and her son, but her only source of hope; her son left for greener pastures in Washington where he took up a lucrative corporate job and rarely visited his ailing mother.
Problems with her landlord over the years left her dejected and she desperately wanted to own a house. It was that then someone suggested to her to go for a loan in lieu of her property that would eventually belong to her once her loans were repaid. Thankfully...
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Credit Cards ? What is the ?Universal Default Clause?? student loans Home loans
Credit Cards ? What is the ?Universal Default Clause?? weight loss Home loans
Credit Cards ? What is the ?Universal Default Clause??
Credit Cards ? What is the ?Universal Default Clause??
Credit Cards ? What is the ?Universal Default Clause??
Credit Cards ? What is the ?Universal Default Clause?? party Home loans
Benefits of VoIP ? Why You Must Switch To VoIP Now
Many people have heard of VoIP or Voice Over Internet Protocol, but not many know about the benefits of VoIP. In short, VoIP is a technology that transmits audio files as data over the Internet to another computer or a VoIP phone or a standard landline telephone, depending on what you use. As it uses the Internet as the medium, call charges can be minimised.
By not knowing these benefits, people are not aware of the advantages that VoIP has to offer and hence are not making the...
Home loans > Benefits of VoIP ? Why You Must Switch To VoIP Now
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