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Credit Cards - Universal
Default - Pricing Clause  

 By Jim Sinclair
3-31-7

Pay off all outstanding credit card balances if you have any Monday morning. Be sure to obtain monthly copies of your credit reports.
 
The slightest credit complaint on you or your business will increase the interest you pay on your credit card debt from your agreed upon rate to 30% per annum or higher.
 
Even an unpaid parking ticket or a disputed charge will result in the increase under the Universal Default or Re pricing Clause.
 
Al Capone would be proud of the major credit card programs as this was once a crime called usury and the people practicing this artful dodger finance were called "Loan Sharks."
 
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