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Default

Default is when a debtor is either unable or unwilling to make a required payment to a credit card account, or otherwise violates the terms of the agreement between the credit card company and the debtor. Default occurs when a debtor violates the terms of a debt contract. Default can occur with any type of debt contract including credit cards, mortgages, bonds or promissory note.


Previous Credit Card Term: Debtor

Next Credit Card Term: Default APR


* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.