“Universal Default” is the credit card industry way of seeming to give you something for nothing and then REALLY make you pay for it.  Here is how it works.

You know those checks from your credit card company offering low to zero percent interest rates they send you to transfer a balance or just write one to yourself? Do you ever wonder why your credit company, the same one that charges you 14 to 20% interest all of a sudden wants to make you a low to no rate loan? Well I have a theory.

This is the first entry in what I hope will be a discussion forum about topics including the housing market and how it affects regular Joe and Joann; personal credit issues such as REALLY understanding how smart the credit card companies are and what you need to know when considering taking them up on their many offers to make your life easier and how in general to build your personal credit profile to be attractive and ultimately save money because you know how to handle money.