As we’ve learned, installment credit began in the United States with the Pilgrims. The use of installment credit or loans to sell merchandise is not new at all. While credit sales have existed from the days of the Pilgrims, they were not as structured as installment sales. Debtors would pay back the local grocer as … Continue reading The History of Credit & Debt – When Did Credit As We Know It Arrive In The U.S.?
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