Talk:Universal default

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I know for a fact there are cases where you can be raised to the default rate based strictly on changes in your risk factors as reported by credit reporting agencies. You don't necessarily have to have incurred any actual delinquencies or defaults before an unsecured creditor can raise you to the default rate. This should be incorporated into the article by someone who knows about it, as it might depend on location and type of creditor in ways I'm not versed in.

[edit] Late vs. 30 days late

Unless I am mising something, universal default only applies when someone has been more then 30 days late on the 'other' account, vs. even 1 day late for the account in question.

The article does not mention this.

I am not adding this to the article because I am not totally sure about it.

Can anyone please confirm? 71.199.123.24 01:08, 7 July 2006 (UTC)

[edit] {{globalize}}

Article seems to describe North American practice. In Europe, it would be a breach of privacy and data protection laws. Getting a sub-prime rate with a poor credit history? Certainly. Being switched to a sub-prime rate because of missing a payment to someone else? Wouldn't happen. There are strict controls on who can run a credit search, when they can do it and what they can do with it. 81.104.170.167 02:11, 19 October 2006 (UTC)