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In this blog posting we'll look at something called Universal Default and how this little know practice can ruin your day. Let's not reinvent the wheel here but start out by using the definition from our old friend Wikipedia: "Universal default is the term for a practice in the financial services industry for a particular lender to change the terms of a loan from the normal terms to the default terms (i.e.

Most people know that APR stands for "Annual Percentage Rate" and that APR is the most important metric that consumers look at when shopping for credit cards. But what does APR really mean and how does it affect your bottom line?

Welcome to Credit Card Portal's Credit Card blog. I will be updating this blog on a regular basis and hope to cover some of the following topics:

• Terminology - Credit Card speak. How to understand terms used in the "Terms and Conditions" section.
• APRs and what they means to you
• Balance Transfers
• How foreclosure will affect your credit