Talk:Credit card debt

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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. - Tεx τ urε 18:32, 14 December 2005 (UTC)

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

[edit] Deleted sentence

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.

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 ofcourse :) 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)

[edit] $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)