Talk:Credit card debt

Untitled

Is it possible that the pov tag could be removed? Sophy's Duckling 18:29, 14 December 2005 (UTC)

Removed. User failed to discuss on this talk page. - Tεxτurε 18:32, 14 December 2005 (UTC)

Excellent. :) Sophy's Duckling 19:13, 14 December 2005 (UTC)

Deleted sentence

"Hello I am new and was wondering if I could link to this site debt collection and use it as a reference in the Wikipedia article? Thanks." Kellys523 (talk) 19:06, 1 June 2011 (UTC)

I don't think it's suitable. The articles appear to be mirrored on different, unrelated websites, and so their provenance isn't clear. See WP:ELNEVER. Thanks, -- Gyrofrog (talk) 20:39, 1 June 2011 (UTC)

I deleted a sentence "It is the interest on this debt that enables the credit card companies to make a profit." To me it just seemed a little POV. Credit card companies make a large profit anyway with or without the debt (they charge retailers a percentage transaction fee of between 1 to 4%), unless of course you have sources which claim otherwise. The debt costs the companies money to recover, and there may come a time when it has to be written off. Sure they make money on the late interest charges, but only if these are paid and not left unpaid increasing debt further. --nirvana2013 09:37, 21 January 2006 (UTC)

Oh, okay. that makes sense. Thank you. Sophy's Duckling 15:45, 21 January 2006 (UTC)

I am wondering why was this link removed

Topgun9 14:39, 26 January 2006 (UTC)

I work for a debt collection company and we use this list ourself. We find it to be very useful. I am wondering why was this link removed.

• [http: //www.debtconsolidationcare.com/creditors/ Continously updated list of 1500 US creditors.] Including their terms of reaging accounts with credit card debt.

I removed it, you spammed it across several articles, inserting it above all other existing links. --GraemeL ^(talk) 14:40, 26 January 2006 (UTC)

Topgun9 14:58, 26 January 2006 (UTC) : Clarifications:

• I thought that new URLs go at the top. I did not know that the policy was that the new URLs will go to the bottom. Thanks for pointing it out.
• This was the only article where I added this URL.
• I feel that this URL is very useful to a person reading a wikipedia article on credit card debt. Since it gives the policies of the 1500(approx) creditors in the US, when it comes to dealing with people who have debt. Specifically it tells the person: a. What are the terms for reaging the account. b. What are the minimum payments accepted. c. What are the policy regarding late fees. You may want to check out a sample discussion on one of the creditors at: http: //www.debtconsolidationcare.com/fingerhutcredit.html

I am a moderator at their forums http: //www.debtconsolidationcare.com/forums/ and I have found this community genuinely interested in helping people as evidenced by http: //www.debtconsolidationcare.com/testimonials/ If you agree that the link is useful would it be ok if I put it back in the article. At the end of all the other existing links of course :) Thanks.

Go ahead and add it again. I've been removing linkspam since I got on today and was almost certainly overzealous on this occasion. Just don't add it at the top. ;-) --GraemeL ^(talk) 14:59, 26 January 2006 (UTC)

Topgun9 15:00, 26 January 2006 (UTC) Thanks.

I've removed this link, it's clearly linkspam, this user contributes almost nothing else to wikipedia. Reported on WP:AIAV. - brenneman^(t)(c) 06:54, 27 January 2006 (UTC)

Please dont jump the gun here and accuse me of being a spammer. I understand this industry since A. I have been a moderator of a very active forums at http: //www.debtconsolidationcare.com/forums/ for the last 18 months. B. I work for a debt collection company. You can judge the quality of the forum yourself by seeing http: //www.debtconsolidationcare.com/testimonials/ Based on my experience with the problems people face in dealing with creditors and collection agents, I feel the url http: //www.debtconsolidationcare.com/creditors/ was of great value. I will quote from my previous discussion with Graemel to explain why I think this URL is of value. "Since it gives the policies of the 1500(approx) creditors in the US, when it comes to dealing with people who have debt. Specifically it tells the person: a. What are the terms for reaging the account. b. What are the minimum payments accepted. c. What are the policy regarding late fees. You may want to check out a sample discussion on one of the creditors at: http: //www.debtconsolidationcare.com/fingerhutcredit.html". You may also want to check the index page of the forums http: //www.debtconsolidationcare.com/creditors-information/index.html to see the multiple simultaneous conversations taking place. Topgun9 07:34, 27 January 2006 (UTC)

If you work with a debt collection company, there could be a conflict of interest and your links should be from some other company while keeping the opinion balanced. FYI I did add some sections of interest from credit credit cards but think that some information is better used in a collection agency article. 2601:642:4400:9F00:3184:7C78:F074:FEDC (talk) 15:45, 5 September 2022 (UTC)

$10,000 in credit card debt?

The article says: "The average U.S. college graduate begins his or her post-college days with more than $10,000 in credit card debt at present." Um ... what? I can see if this included *student loans*, but that's different from credit card debt. I can't imagine a college student getting anything close to a $10,000 credit limit. Maybe this is from the few outliers that got $10,000,000 in debt? A median would be a better measure. Does anyone have a source for this? MrVoluntarist 21:39, 22 June 2006 (UTC)

The Chicago Tribune reports that it's $2,000. Not sure where the other number came from. http://www.chicagotribune.com/business/yourmoney/sns-yourmoney-0611college,1,5019104.story?coll=chi-business-hed&ctrack=1&cset=true Sophy's Duckling 19:13, 1 July 2006 (UTC)

Great! Thanks for fixing that up. MrVoluntarist 00:08, 2 July 2006 (UTC)

Amended statistic

I amended the total given in the UK total credit card debt. This is now as actually given in the link provided. SmokeyTheCat 14:12, 16 May 2007 (UTC)

External links modified

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A Commons file used on this page has been nominated for deletion

The following Wikimedia Commons file used on this page has been nominated for deletion:

• Credit Card Debt in the US.png

Participate in the deletion discussion at the nomination page. —Community Tech bot (talk) 00:22, 14 December 2019 (UTC)

Hi everyone

Regarding this article I am an anonymous editor who has added sections in. I've done the best I could to expand on this article without sounding wordy but still can't get a world wide perspective of the subject at hand. I'm proposing that the information about international countries get wiped for now along with the dated image and the worldwide view template be deleted for the mean time. There was once section about Bankruptcy Concerns too that I tweaked a little and renamed. Hopefully this will encourage people to add onto it. I've been in Credit Card debt myself so I can speak from experience. But live in the USA and don't know a worldwide view on it. 2601:642:4400:9F00:5075:422B:8C0E:BB6E (talk) 03:40, 5 September 2022 (UTC)

How does the edit posted 2023-11-27T21:51:16 by Arllaw improve this article?

@Arllaw: How do your changes of 2023-11-27T21:51:16 improve this article?

I am not an expert on this subject, but I perceive two changes that seem to my naive eyes to make this article less useful not more:

1. You changed the reference on the statement, "The overall score of a debtor varies from different scoring agencies and services which report to the bureaus": The one you deleted begins by saying, "your score for an auto loan may be different from your score for mortgages or credit cards". I don't see how the reference you substituted addresses this claim. Moreover, the one you deleted is dated September 1, 2021, less than 3 months ago. Your substitute is dated August 2021, almost 2.5 years ago. I would naively expect an arm of the US federal government like FDIC.gov to be more authoritative than debt.org, which is an organization I've never heard of.
2. I fear that your substitute text under "Bankruptcy", that begins, "Under US law, credit card debt is dischargeable in bankruptcy" could be too easily misread. I think the previous text sound clearer and less likely to lead someone into pursuing bankruptcy when they shouldn't.

Are you saying that debt.org are scam artists giving bad advice? I'm reverting the text but adding your references, leaving debt.org first for the first comment but putting it last for the second. If you don't like this, I'd like to see something that explains your reservations about debt.org, e.g., some other source indicating that the text you changes was wrong.

Thanks for your contributions to Wikipedia:Prime objective, to give every single person on the planet free access to the sum of all human knowledge. DavidMCEddy (talk) 00:06, 28 November 2023 (UTC)

References

DavidMCEddy (talk) 00:06, 28 November 2023 (UTC)

The extent to which text within an article may be a paraphrase of content on another webpage is not a measure of the reliability of that webpage or the extent to which it is a reliable source. It is not necessary to include multiple sources for a basic point, let alone where the point is supported by a highly reliable government source. Further, the date presented on a reference is not of itself a measure of actual or comparative relevance, reliability or accuracy. See WP:RS.

Wikipedia is not an instruction manual or a how-to guide. See WP:NOTGUIDE. The purpose of an article is to present information in an encyclopedic manner, not a platform for editors to share their opinions as to how consumers should approach a given issue in their personal, legal or financial lives. See WP:NOT, WP:VOICE, WP:REPORT.

If you find that language in an article needs clarification, by all means clarify it. That, though, is different from inserting a set of instructions or advice that you believe some subset of readers should follow. Arllaw (talk) 23:42, 28 November 2023 (UTC)