Credit Cards: What is the Universal Default Clause? -

Home
>
Credit
>
Credit Cards: What is the Universal Default Clause?

Credit Cards: What is the Universal Default Clause?

Most people who carry major credit cards are well aware that the interest rates associated with them tend to be higher than for other types of lending, such as home or auto loans. Anyone who has paid their credit card bill late more than once or twice is also aware that doing so may cause the interest rate on their card to go up ? sometimes by quite a lot. Many credit cards carry interest rates of as much as 20% or 25% annually, and customers who want to avoid interest rates in that range make an effort to pay their bills on time.

What many people do not realize, however, is that up to one third of all credit card issuers now include what is known as a "universal default clause" in their bills. This information, usually disclosed in the tiny print on the bill that few people bother to read, indicates that the interest rate on your credit card may be increased if you pay bills late to other lenders, even if you pay your credit card bill on time.

This means that paying any bill late that could show up on your credit report, such as an auto payment or a utility bill could cause your credit card interest rate to go up. This, in turn, could hurt your credit score. There is currently nothing in Federal law that prohibits this practice; the law only requires that lenders disclose it in writing. Credit card companies justify this by saying that customers that make late payments to anyone increase the risk for all lenders. Nevertheless, many, if not most, credit card customers are unaware that such policies exist.

Not all credit card companies have such a policy; in fact, most do not. Customers who are not interested in having the interest rates of their credit card tied to their ability to pay their phone bill on time would be advised to read the fine print in their credit card statement. If such a policy exists, you could either complain to your credit card issuer about it or shop around for another credit card. The lesson to be learned here is a valuable one ? when you receive your credit card bill or a notification that your credit card billing terms have changed, take a moment to read the fine print.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.net, a site devoted to information regarding home equity loans.

In The News:

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/Kenexa-Present-Credit-Suisse-Annual/story.aspx%3Fguid%3D%257B13A833C0-111F-4306-B527-6FD5A030DD37%257Dcid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHNh2faKkUihJ6HiFPpOUZsR9xBZAKenexa to Present at the bCredit/b Suisse Annual Technology Conference/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr19 hours ago/nobr/fontbrfont size=-1a global provider of talent acquisition and retention solutions, today announced that its Chief Financial Officer, Don Volk, is presenting at the bCredit/b b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://newsticker.welt.de/index.php%3Fchannel%3Dfin%26module%3Dsmarthouse%26id%3D817619cid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFCBVANop0AeOXqWuPCSM9PSIrohgAMD to Present at bCredit/b Suisse Annual Technology Conference/a font size=-1 color=#6f6f6fnobrWELT ONLINE/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/Salesforcecom-Chairman-CEO-Deliver-Keynote/story.aspx%3Fguid%3D%257B4F10AEC3-E4F3-434D-BDB5-4CD617F44821%257Dcid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFCKhdIrOOYwHCZLd7LU7i7aLvMUQSalesforce.com Chairman and CEO to Deliver Keynote Presentation at b.../b/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/ExpressJet-Present-Credit-Suisse-Global/story.aspx%3Fguid%3D%257B244F82EA-69AD-4167-9E5E-8B0B66390CB6%257Dcid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHLnW1ni7sGNt2vhDd-BDjf5-OPeAExpressJet to Present at the bCredit/b Suisse Global Airlines Conference/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/SuccessFactors-Chief-Financial-Officer-Participate/story.aspx%3Fguid%3D%257BA93A72F1-10F2-499E-97F3-FEDCB7964F5E%257Dcid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHaHeI_AxzdehdZpC-wrRzOte6cIgnobrMarketWatch/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/Brocade-Corporate-Controller-Charles-Read/story.aspx%3Fguid%3D%257B43EBDDFA-AC9B-4C92-A6C7-14DEC7ECD0E9%257Dcid=1276514178ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNE7vG_GRWahAKOHnNT-qmG-LfwL5gnobrMarketWatch/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276514178hl=ennobrall 114 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.sky.com/skynews/Home/Business/Investment-Bank-Credit-Suisse-And-Car-Accessories-Firm-Halford-Cut-900-UK-Jobs/Article/200812115170556%3Flpos%3DBusiness_News_Your_Way_Region_9%26lid%3DNewsYourWay_ARTICLE_15170556_Investment_Bank_Credit_Suisse_And_Car_Accessories_Firm_Halford_Cut_900_UK_Jobscid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFDXhZbX_I6WTWkc_4OuTH4ZwJ2Bwimg src=http://news.google.com/news?imgefp=L-j3l-0o3EsJimgurl=news.sky.com/sky-news/content/StaticFile/jpg/2008/Dec/Week1/15170529.jpg width=80 height=45 alt= border=1brfont size=-2Sky News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da_VSyM184lVE%26refer%3Deuropecid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFyIdY5Vvvi_kDC8VeYQ9JfKX3o5gbCredit/b Suisse Drops After Report on Expansion of US Tax Probe/abrfont size=-1font color=#6f6f6fBloombergnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-12 (Bloomberg) -- bCredit/b Suisse Group AG fell as much as 7.5 percent in Zurich trading after a report that the US Justice Department widened a tax evasion b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/afxnewslimited/feeds/afx/2008/12/02/afx5765196.htmlcid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHI9I3-u6OnG4fmTc7ipImt6h7mdQUPDATE 3-Crisis prompts bCredit/b Suisse, HSBC to axe UK jobs/a font size=-1 color=#6f6f6fnobrForbes/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/ousiv/idUSTRE4B11X320081202cid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHY-ZGWa1A8i9v-cGZLv03vMcdmUQbCredit/b Suisse to cut 650 investment banking jobs/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nytimes.com/2008/12/02/business/02tax.html%3Fref%3Dbusinesscid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFQqbZPg9rxvBUEThTEGE_rwGnC_wUS Is Said to Expand Tax Inquiry/a font size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.bbc.co.uk/1/hi/business/7759888.stmcid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNEdYhABp3LMhjJ1E7Wnm-AIS5t_KAnobrBBC News/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.iht.com/articles/ap/2008/12/01/business/EU-Britain-Credit-Suisse.phpcid=1276632914ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNGu0Nf1oPkNbhjLq-VSgaRmlvyAaQnobrInternational Herald Tribune/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276632914hl=ennobrall 330 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3521379/US-injects-further-800bn-to-kick-start-lending.htmlcid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHuln3IUXrnvePaA5JZVpThI6ahlwimg src=http://news.google.com/news?imgefp=BOTSKt9R0gMJimgurl=www.telegraph.co.uk/telegraph/multimedia/archive/01120/paulson_1120785c.jpg width=80 height=50 alt= border=1brfont size=-2Telegraph.co.uk/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ojornal.com/site/news.cfm%3Fnewsid%3D20210390%26BRD%3D2677%26PAG%3D461%26dept_id%3D543384%26rfi%3D6cid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFZkcAeCqsCSBRyV2XMPeUC-Aph5wGovernment plans new bcredit/b, mortgage programs/abrfont size=-1font color=#6f6f6fO Jornal,nbsp;MAnbsp;-/font nobr22 hours ago/nobr/fontbrfont size=-1The Fed program for consumer debt will lend up to $200 billion to the holders of securities backed by various types of consumer loans such as bcredit/b cards, b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.coastalpost.com/08/12/27.htmlcid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHB-mi63tkmASai4x1tO6R4wbYjPAMore Worms In The Capitalist Apple/a font size=-1 color=#6f6f6fnobrCoastal Post/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nytimes.com/2008/11/26/business/economy/26fed.html%3Fref%3Dbusinesscid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHPg49hfdtQbrFFgoXgpfyoltsh5Q2 Fed Programs Aimed at Easing Tight bCredit/b/a font size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://latimesblogs.latimes.com/money_co/2008/11/new-credit-mark.htmlcid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFqjeSHRLuoonSveY1VtVEqOfATwgThanksgiving surprise: $800 billion more for the bcredit/b markets/a font size=-1 color=#6f6f6fnobrLos Angeles Times/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.freep.com/article/20081126/COL07/811260401cid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNE8GYz0NajhLnQe1T8LmFv6s8ZnCgnobrDetroit Free Press/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.chicagotribune.com/business/chi-wed-crisis-fed-nov26,0,5432757.storycid=1275069318ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNEoK--b-cFBlrkPSnInrJoTSZXMPgnobrChicago Tribune/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1275069318hl=ennobrall 2,146 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.boston.com/business/personalfinance/articles/2008/12/02/credit_card_companies_to_pare_lendingcid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHfwZoKdywhXlqyQIiCPRGqxG7qvQimg src=http://news.google.com/news?imgefp=zA1ouGwEKnsJimgurl=cache.boston.com/resize/bonzai-fba/Globe_Photo/2008/12/01/1228186036_6490/300h.jpg width=75 height=80 alt= border=1brfont size=-2Boston Globe/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.boston.com/business/personalfinance/articles/2008/12/02/credit_card_companies_to_pare_lendingcid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHfwZoKdywhXlqyQIiCPRGqxG7qvQbCredit/b card companies to pare lending/abrfont size=-1font color=#6f6f6fBoston Globe,nbsp;United Statesnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1NEW YORK - bCredit/b card companies will reduce lending by more than $2 trillion over the next 18 months in a dangerous and unprecedented move for US consumer b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da1KBBJn8ORc4%26refer%3Dhomecid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNECy9wltQSQW8EF7NxUvB52gYXWhQUS Consumers Seen Facing â€˜Liquidity Squeezeâ€™: Chart of Day/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.consumeraffairs.com/news04/2008/12/credit_card_cutbacks.htmlcid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFIOBCjvCce2VEGodh7smN5qJ2h_QIndustry May Cut $2 Trillion in bCredit/b Card Lines/a font size=-1 color=#6f6f6fnobrConsumer Affairs/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nuwireinvestor.com/blogs/investorcentric/2008/12/2-trillion-in-consumer-credit-lines.htmlcid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHBhdNQPKTh7G77D2SDGp9yiUpGbQ$2 Trillion In Consumer bCredit/b Lines Could Be Cut, Spelling Disaster/a font size=-1 color=#6f6f6fnobrNuWire Investor (subscription)/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloggingstocks.com/2008/12/01/the-end-of-big-credit-card-balances/print/cid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNH3yYnoCkx22GtpND-gazzMkjIZlQnobrBloggingStocks/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.smartbrief.com/news/cfa/storyDetails.jsp%3Fissueid%3D23BD09EF-9891-418D-801D-B4DE7CD9979D%26copyid%3DB61DFA30-C752-41F3-8834-5CDAEB76FFF9cid=1276652801ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNGNFYad-4pQ9bQaPCsSqBfhs1sSpAnobrSmartBrief/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276652801hl=ennobrall 14 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaCCUwx_JVw4w%26refer%3Dhomecid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFIty96ELUSfD_BZuxyXQxx-P-drwbCredit/b Market Risks Rise as Economic Slump Claims Industrials/abrfont size=-1font color=#6f6f6fBloombergnbsp;-/font nobr14 hours ago/nobr/fontbrfont size=-1bCredit/b-default swaps on the Markit CDX North America Investment-Grade index of 125 companies in the US and Canada rose 23 basis points to 263 basis points b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601101%26sid%3Da068Zm0gGkEY%26refer%3Djapancid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNGN2Hfkl_Rt9Vjh7Ih7p2hr39H1oQJapan, Australia Corporate Bond Risk Soars, bCredit/b Swaps Show/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da3msXapWKo14%26refer%3Dhomecid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHSDuS1SCoIowpgmjuuiAGWQ1oKpQBond Risk Rises on Concern Central Banks Unable to Spur Economy/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da2R1zc7.Jc.A%26refer%3Deuropecid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNG2a8mJaOMKNu9O-Sc4n516FN84UwMamp;S, Casino Guichard Bond Risk Increases to Record, Swaps Show/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da1P_F7udRsOM%26refer%3Deuropecid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHlKLQTzQMITuMYeCNlXMg1dGoIxwnobrBloomberg/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaN2KpxyzNJDY%26refer%3Dhomecid=1276616333ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNH58qQql-LgoIpLz_easbspByDxgQnobrBloomberg/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276616333hl=ennobrall 10 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.economicnews.ca/cepnews/wire/article/173154cid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNG2ZZoR1NSMfXapWcraOBm9nutm1gimg src=http://news.google.com/news?imgefp=3qr1TO02A8sJimgurl=www.economicnews.ca/cepnews/img/article/missing.jpg width=80 height=60 alt= border=1brfont size=-2CEP News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122818833059071519.html%3Fmod%3Dgooglenews_wsjcid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNHxLRZJfpq2vgcbYiIeobFEsB3MNgGoldman Faces Loss of $2 Billion for Quarter/abrfont size=-1font color=#6f6f6fWall Street Journalnbsp;-/font nobr8 hours ago/nobr/fontbrfont size=-1Ms. Katzke of bCredit/b Suisse said while the size of Goldman#39;s real-estate and leveraged-loan investments is relatively modest compared with most rivals, b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/Outlook-results-smack-Goldman-Morgan/story.aspx%3Fguid%3D%257B9E973578-F18B-4CD8-80F7-4C5E3F574C10%257Dcid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNGkaHFSUhQQGOvKz3WMmfAhXTJp8gFINANCIAL STOCKS Outlook for results smack Goldman, Morgan Stanley/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/wallstreet/2008/12/01/banking-earnings-biz-wall-cx_lm_1201banks.htmlcid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNEENMLYpXuBilIMF6rSigS9PhbP4AHow Low Can Banks Go?/a font size=-1 color=#6f6f6fnobrForbes/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaFlthAwJQbq8%26refer%3Dhomecid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNH1PPB9mZuwI7AU-ksSgsCqJb0QcAGoldman, Morgan Stanley Estimates Reduced by Analysts (Update1)/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.guardian.co.uk/business/feedarticle/8106522cid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNGnBFfwUeclz9niwA6szW-Yo7WjMQnobrguardian.co.uk/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.businessweek.com/ap/financialnews/D94Q3RT01.htmcid=1276599898ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNG_LDShW45OhBTl57LxPpW1RXjvKAnobrBusinessWeek/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276599898hl=ennobrall 51 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.wnct.com/nct/lifestyles/faith_values/article/pastor_apologizes_for_church_credit_card_use/25139/cid=1276204090ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFzmQLHZYNfcFUIb3GeWrNP9LXkNAimg src=http://news.google.com/news?imgefp=ZpI7IlJjg-8Jimgurl=media.wnct.com/wnct/img-story/images/uploads/Church_Steeple_AP.jpg width=80 height=60 alt= border=1brfont size=-2WNCT/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mercurynews.com/news/ci_11112590cid=1276204090ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFZtn39ZX7eozVR58QHqIX0TJM22QPastor apologizes for church bcredit/b card use/abrfont size=-1font color=#6f6f6fSan Jose Mercury News,nbsp; USAnbsp;-/font nobr20 hours ago/nobr/fontbrfont size=-1AP LOS ANGELESâ€”The pastor for First AME Church in Los Angeles has apologized to his flock over his use of a church bcredit/b card for $122000 in personal b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://latimesblogs.latimes.com/lanow/2008/11/first-ame-pasto.htmlcid=1276204090ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNH4mHIEL-zTO6KG0_Zx_GS8gJg9uwFirst AME pastor#39;s bcredit/b card charges probed/a font size=-1 color=#6f6f6fnobrLos Angeles Times/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ktla.com/pages/landing_news/%3FPastor-Apologizes-for-Charging-122000-on%3D1%26blockID%3D149484%26feedID%3D171cid=1276204090ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFPsUFJnUiKCCTt-zf7tpca99TncAPastor Apologizes for Charging $122000 on Church bCredit/b Cards/a font size=-1 color=#6f6f6fnobrKTLA/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.latimes.com/business/investing/la-me-fame1-2008dec01,0,6666370.storycid=1276204090ei=ETg1SZ6-CaXg6gPP1PWgAgusg=AFQjCNFgLJ--9dtadDf8PHS0yKOHKp7aPQFirst AME pastor apologizes to congregation for alleged misspending/a font size=-1 color=#6f6f6fnobrLos Angeles Times/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276204090hl=ennobrall 44 news articles/nobr/a/font/div/font/td/tr/table

credit - Google News