Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: rabscuttle385
The local credit union will have a universal default clause as well. The worst part of the local credit union business - they will cross collateralize your entire debt portfolio. Default on one - they repossess all

regards - red

22 posted on 08/23/2007 3:00:08 PM PDT by rednek (if it isn't large caliber, it isn't worth carrying)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: rednek
The local credit union will have a universal default clause as well. The worst part of the local credit union business - they will cross collateralize your entire debt portfolio. Default on one - they repossess all

I have never heard of a credit union that practices universal default.

26 posted on 08/23/2007 3:54:25 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson