Legal definition of Universal default
Credit Repair Legal Terminology

Universal default

A clause in a credit card agreement allowing creditors to increase interest rates if a person did not pay the amount due on time or defaulted on his payment to any other creditor.
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Bruce J ComolloAttorney at LawPRACTICE AREA: Personal Injury, Real Estate Law, Criminal Defense, Business Law, Trusts & Estate Planning, Litigation, Industrial Development Law
Derrick L RobersonAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Labor & Employment Law, Insurance Litigation, Litigation, Industrial Development Law
Clay W StuckiAttorney at LawPRACTICE AREA: Real Estate Law, Contracts, Business Law, Environmental Law, Industrial Development Law
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