Understanding universal default and its impact on your credit 4 Articles

by Frances Stanford

Universal default is a term used to describe the process that credit rating agencies use to determine your credit rating. If you default on a loan from a lender or miss several payments, the agency will send your name to a...read more

by Marco Angioni II

Universal default can be a big problem. Have you ever looked at the terms and conditions of a credit card? Somewhere in the fine print you might discover that your particular credit card is subject to universal default. ...read more

by Anthony Megna

Universal default is another scam cooked up by the credit card companies. Basically, if you are late or have defaulted on a loan not associated with a credit card that practices universal default, said credit card company...read more

by Your Jen

Universal Default is a provision provided in the terms and conditions by several credit card companies that allows the creditors to review your credit report on a regular basis. If your credit score has been negatively im...read more