(Mark from California) I was just late on one credit card, will the universal default clause raise all my rates? (more…)
Credit and Debt Blog
A Service of Debtors Unite, Inc.
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Archive for the ‘Late Fees’ Category
Current on Cards But About to Be Late
(Dal from Maryland) I am current on my credit card payments, however I am getting close to being late on some. What should I do? (more…)
Chase to End Universal Default Penalties
Chase Card Services announced that it will cease to penalize cardholders that made a late payment on other credit cards. Chase will no longer raise interest rates based on a review of a customer’s credit report. Their clear and simple program begins in March 2008.
What is universal default? Who else is ending universal default? Here are the answers, and a sign of the newest trend about to hit the credit card industry. (more…)
Four Reasons to Request Late Fee Forgiveness
Late fees on credit cards have increased steadily throughout the past ten years. Most credit card issuers have begun raising their late fees to as high as $39. If you have been late on your first credit card payment, then there are ways to get around it.
Did you know that most major credit card issuers will forgive a late payment? Here are four reasons why you should contact your credit card issuer when you make a late payment. (more…)
