Talk:Kreditech

Disputed Section: Criticism

The newly added section “Criticism” includes a few unsourced facts about the FinTech company Kreditech Holding SSL GmbH. The one article that was quoted does not reflect many of the dates stated, in addition to statements such as “After a couple of months Kredito.de closed its German platform” and “by German law an effective interest has to be communicated to a customer”. This section of the article must be “cleaned up” and rewritten using a neutral tone. Please avoid using phrases such as: “right from the start…”, “forcing customers”, etc… Thank you for your contributions to Wikipedia.The Editor is Here (talk) 08:38, 11 September 2014 (UTC)

Thanks for the help, i added citations and changed the criticized phrases. — Preceding unsigned comment added by 91.9.108.27 (talk) 13:37, 11 September 2014 (UTC)

Synthesis of published material: Criticism

Perhaps I should have made this clearer in my previous comment: when using an article as a source please make sure that the information written in the article clearly corresponds with what is shown in the source article provided (at Wikipedia we do not want original research as a substitute for factual information; this includes synthesis of published material). I fact checked the interest rate, and by no means could I find the stated interest rate of “41.8%” on Kredito24.mx in addition to “179 and 6600 percent per year”. Was this value calculated off the top of your head? Please clarify this in the article and provide a source that clearly states the facts, otherwise it will be replaced with the previous interest rate quoted in DER SPIEGEL. I would also recommend reading this article here explaining why this kind of work is not acceptable: Wikipedia:No original research The Editor is Here (talk) 08:25, 12 September 2014 (UTC)

Reading WP:SYNTH is also essential. If this article turns into WP:OR it will be subject to deletion processes (0.9 probability) , and may not survive them. Fiddle Faddle 08:43, 12 September 2014 (UTC)

@The editor is here: this feels more and more like an advertising wikipedia article, if you want to streamline the article and the criticism section. Communicating yearly effective interest rates is standard, so the rates that I added are approximations of the values you added. I think some standard math of calculating and approximate compounded interest of the monthly rates that you added is allowed. Because most people have problems understanding compounded interest rates. Regarding 41,8% on Kredito24.mx: just put the slider to 1000 dollars and 30 days. the amount that you have to pay back is 1481, so this is approximately 41,8% per month (as some months have 31 days). So if you try to delete the information of the 41,8% which is taken from the Mexican platform and proves the Spiegel article wrong, i see that as well intentionally adding wrong information to wikipedia.

@Anonymous contributor: The SPIEGEL article may very well be outdated. If you would so kindly help find a more up-to-date article concerning interest rates that directly quote Kreditech’s interest rates this would be greatly appreciated. Again, please note that your methods of calculating the interest rate based on a loan calculator is still, technically speaking, original research (specifically “Synthesis of published material”). Here at Wikipedia we want all articles to be accurate reflections of reality, so we appreciate your concern for the factual integrity of this particular article. However, this doesn’t ignore the fact that this article needs an independent third-party source directly attributing the self-calculated interest rates. Again, thank you for your contributions to Wikipedia.The Editor is Here (talk) 08:33, 15 September 2014 (UTC)

Resolved: I replaced the self-calculated interest rates with ones that are stated on the “Fees” pages directly from the platforms’ websites (which should be up-to-date, and accurate).The Editor is Here (talk) 10:51, 17 September 2014 (UTC)

Data Leak

Anna Friedrich, head of communications comments: "Friedrich said Kreditech believes the data was stolen not from customers but only from credit applicants. She added that Kreditech believes the information was leaked from within by someone who worked at the company — although she declined to say whether the suspect was a current or former employee."

It is ironical that Potential applicants are considered less worthy than established clients as per Ms. Friedrich. A lame attempt to downplay the situation. It is inadmissible to have leaked gigabytes of pertaining identifying documents, regardless if only applicant or not. These people are going to be victims of identity theft. Their documents have been circulating on the Tor network hacking sites. Has Kreditech personally contacted every person to inform them about this ? — Preceding unsigned comment added by 192.40.89.19 (talk) 12:58, 22 November 2015 (UTC)

External links modified

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