http://blog.lendingclub.com/2008/02/28/universal-default-by-any-other-name-still-stinks/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2008/02/28/universal-default-by-any-other-name-still-stinks/#comment-622 Universal Default Mon, 16 Feb 2009 13:53:46 +0000 http://blog.lendingclub.com/2008/02/28/universal-default-by-any-other-name-still-stinks/#comment-622 I recently wrote a post on universal default. Apparently, Citibank is the only company to date which voluntarily revoked the universal default clause in its contracts. I find the practice incredibly unethical and will never use a card which has a universal default clause. The practice is akin to them kicking you in the face and spraying tobasco sauce into the open wounds while your down. I recently wrote a post on universal default. Apparently, Citibank
is the only company to date which voluntarily revoked the universal
default clause in its contracts. I find the practice incredibly
unethical and will never use a card which has a universal default
clause. The practice is akin to them kicking you in the face and
spraying tobasco sauce into the open wounds while your down.

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