Look for a card that does not include a universal-default clause. Look for a card that has a lower penalty rate if you actually do default. The 30-percent-plus rates are not in use everywhere.

Relying on a "universal default" clause in their card agreements, the companies raise rates if the cardholder is late or misses a payment to a third-party creditor.

UNIVERSAL DEFAULT....Via Roy, the Consumerist has some entertaining liveblogging of Tuesday's Senate showdown between Carl Levin and the credit card industry: 9:34: And we're off. Levin has ...

BOSTON (MarketWatch) -- Credit-card providers appear to be moving "universal default clauses" -- where interest rate increases are based on the way customers handle other credit accounts -- deeper ...

Citigroup Inc. said Feb. 28 that it would abandon a universal default policy. JPMorgan Chase & Co. has said it would cancel both over-the-limit fees and double-cycle billing. A spokesman for Rep.

U.S. Title Search chooses Ticor Titlemortgagepress.comTicor Title, Title Search, title insurance, LandIT The National Commercial Division of Ticor Title Insurance Company has allied with U.S. Title ...

I forgot to blog about this earlier, but here’s the latest news on Chris Dodd’s bill to bring a little common sense to the credit card industry: Dodd’s original bill had sought to ban all ...