The UNIVERSAL DEFAULT POLICY is quite simple.

It is just another way the creditors can make more money.

You will see in the new credit card applications that the low interest rate

they give you is contingent on you maintaining your current score.

This means that if you are late on ANY of your creditor’s accounts

even their competition, they can raise the interest rate on your card

or account to the MAXIMUM allowed by law!!!.

That is why you will see inquiries on your credit report

from banks or credit card companies you already have accounts with.

When they see the derogatory grade they can instantly RAISE YOUR RATE.

You will NOT even be notified it was changed.

The creditors have no way of knowing if the derogatory grade is an error.

That is why it is imperative that if an error is on your credit report

whether you are applying for a loan or not, you MUST correct it.

Can YOU really afford to leave the error on your report.

Put a PROFESSIONAL on YOUR side.