Talk:Managing debt

I'm done with this article. Any changes needed? --Quebec 12:34, 28 March 2015 (MDT)

Yes, there are a few. I disagreed with the introduction, definition of "bad" debt, and recommendations on old cars. Instead of rewriting the article here, I resurrected my sandbox page so you can review the differences and decide what to incorporate (or not). User:LadyGeek/Sandbox --LadyGeek 18:04, 28 March 2015 (MDT)

I've just copied your sandbox into this page, as I agreed with all changes. Do you want to review it one last time before we move it to main space? --Quebec 06:39, 29 March 2015 (MDT)

I reviewed it one more time and revised the "Buy now, pay later" section. Canada is like the US for promotional credit cards - if you miss a payment you are charged interest at a very high rate (nearly a usury rate) from the date of purchase. I found a good example from Home Despot Depot, but wasn't sure it should be used. If this looks OK, move the page to the main namespace. I'm done. --LadyGeek 14:17, 29 March 2015 (MDT)

On second thought, the Home Depot example should not be used. Introducing consumer items into here is probably not a good idea. --LadyGeek 15:15, 29 March 2015 (MDT)

Credit cards

The sentence 'Be very careful when considering a promotional credit card offer' was confusing for me because I thought the promotion referred to a special interest rate or something like that (Google 'promotional credit card' and you'll see what I mean), but I think you mean a store card, like in the 'buy now pay later' section. Perhaps the sentence about 'promotional credit card offers' can be moved to the credit card page, and explained in a bit more detail? --Quebec 17:12, 29 March 2015 (MDT)

OK, I see your point. I have moved the sentence to Credit card and explained in a bit more detail.--LadyGeek 18:31, 29 March 2015 (MDT)