GLOSSARY
| Daily periodic rate Debit card Debt Debt Collector Debt Consolidation Debt-to-income ratio Debtor Default Default APR Deferred payment Delinquency Delinquency assessment Discharge Dispute Double-billing cycle Down payment Due date |
GLOSSARY TERMS by Alpha # | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Default APRInterest rates charged to cardholders who default on some term of their credit agreement, such as missing payments or exceeding credit limits. These interest rates can be astronomical, currently as high as prime +25.99%. Credit cards who have widened their definition of "default" to "universal default" may even charge higher interest rates when you default with another creditor.
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