Archive for January, 2008

Universal Default Rates and Credit Cards

January 22nd, 2008

As you may have already known, credit card issuers have been hitting card-holders with a universal default rate when the consumer’s credit score drops.  All the major banks and card issuers have been doing this for quite some time now.  However in recent times, big banks like Citibank and Chase have distanced themselves from this […]