Similar Stories to A Brief History Of Credit Cards on Bing News

Consumer credit has always been a part of American financial life. Early Americans depended on credit extended by the local general store to float them until harvest time, when the debt would be paid off. Industrialization introduced workers to leisure time and disposable income — and they happily signed up for installment plans and department store charge cards to buy new innovations, like the sewing machine and the electric iron, that catered to the desires of this new class of consumers.

BING NEWS:
  • What’s the highest credit score possible?
    The highest credit score possible is 850, but it’s not necessary to reach this score to access the best deals. If you are one of the 23% of Americans with a a score above 800, you’ll still benefit ...
    05/4/2024 - 7:47 pm | View Link
  • What is revolving credit?
    Credit cards and personal lines of credit are both forms of revolving credit. This type of borrowing is very flexible, but generally comes with high interest rates.
    05/4/2024 - 7:34 pm | View Link
  • I Let My Oldest Credit Card Die. I Was Shocked My Credit Score Didn’t Die With It
    I learned that closing a card won't necessarily tank your credit score. But that doesn't mean you should do it.
    05/4/2024 - 10:00 am | View Link
  • Credit building apps: Are they worth a try?
    Credit repair apps tout other options for boosting your score, but step lightly as the costs can mount. One example is called a credit repair loan, a small dollar loan specifically designed to create ...
    05/4/2024 - 5:00 am | View Link
  • Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
    Are you paying more for your mortgage or car insurance because of a mistake on your credit report that lowered your credit score? A sizable share of Americans can’t find out the answer to that ...
    05/4/2024 - 2:33 am | View Link
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