FH Financial Service offers Debt Consolidation through Debt Management, Credit and Debt Counseling and Bankruptcy or Debt Settlement.
Get free quotes for Mortgage Loans, Mortgage Refinancing, Credit Repair or to Consolidate Medical Bills.

Universal Default Rate: A policy that most credit cards have written in fine print that allows a creditor to increase your interest rates if you make a late payment on any account you have with any company. Even if you have a perfect payment history, if you are late by 1 min, its as if you did not pay for months.

For example: You have a Sears credit card and you accidentally miss your payment due date; Sears penalizes you a $35 late fee and your low interest is raised to the maximum allowed around 30%. You also have another credit card from MBNA which is a completely separate bank. Under the "Universal Default Rate", since you were late with Sears, you are now also late with MBNA and they raise your interest rates to the maximum as well.

How do the credit card companies know that you are late? Every credit card company constantly monitors your credit report and looks for reasons to increase the interest rate and make more money off of you.

If you have been the victim of a credit card company raising your interest rates, fight back and get the interest reduced to 0% and eliminate up to 70% of your debt by

CLICKING HERE