Legal definition of penalty rate
Credit Repair Legal Terminology

penalty rate

This is a high rate that is imposed by a credit card issuer if you defaulted on your monthly payment.
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McGraw-Hill's Spanish and English Legal Dictionary : Diccionario Juridico Ingles-EspanolMcGraw-Hill's Spanish and English Legal Dictionary : Diccionario Juridico Ingles-Espanol
by Henry Saint Dahl
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Black's Law Dictionary 10th; AbridgedBlack's Law Dictionary 10th; Abridged
by Bryan A. Garner
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Craig D BellAttorney at LawPRACTICE AREA: Family Law, Tax Law, Military Law & Military Benefits
Daniel L BarnesAttorney at LawPRACTICE AREA: Family Law, Criminal Defense, Military Law & Military Benefits
Philip A HollowayAttorney at LawPRACTICE AREA: Personal Injury, Family Law, Criminal Defense, Bankruptcy Law, Animal Law, Military Law & Military Benefits
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USA TODAYFamily can be a source of love, support and emotional comfort. But those sentiments can sour when loved ones leave you with maxed-out credit cards, debt and other money-related maladies. Here's what you can do to keep family and partners from ... more »
Business InsiderFS Card's strategy is to target "deep subprime customers" in the 550 to 600 credit score range, a group that's largely been overlooked and forgotten by the big banks, according to Blow, the company's CEO. By offering transparent rates and fees and low ... more »
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