Submitted on Thursday 29th September 2011
Published on Wednesday 12th October 2011
Current status: Closed
Closed: Friday 12th October 2012
Signatures: 5
Tagged with
Rename "credit cards" to "debt cards"
All "credit cards" should be called "debt cards" to stop confusing clients who can believe the money is not a debt that needs to be repaid.
The simple change in wording encourages people to think about these cards in a realistic way that using them means they are in "debt" to the card issuer instead of using the positive sounding word of "credit".
The government should make any finance system that uses cards and lends money to people have "debt" in it's name and not "credit".
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