From 3500 Bc To Present Times History Of Consumer Credit в In today’s infographic from equifax, we look at the long history of consumer credit – everything from the earliest writings of antiquity to the modern credit boom that started in the 20th century. consumer credit has evolved considerably from the early days. over the course of several millennia, there have been credit booms, game changing. The ancient and credit. 3,500 bc – sumer. sumer was the first urban civilization – with about 89% of its population living in cities. it is thought that here consumer loans, used for.
The History Of Consumer Credit Infographic Visualistan Sep 04, 2017. credit scores. infographic: what's the history of consumer credit? or how did we go from $0 to $12.4 trillion in debts? for those history buffs out there, i stumbled across the exhaustive infographic from visual capitalist that takes us all the way back to 3500 bc for the birth of consumer credit. questions for students:. History. consumer credit may seem like a fairly new invention – but it’s actually been around for more than 5,000 years! in fact, many millennia before the credit score became ubiquitous, there is historical evidence that cultures around the world were borrowing for various reasons. from the writings in hammurabi’s code to the exchanges. The present and future of credit. learn about the modern credit landscape, as well as how technology is changing the future of consumer credit the modern numeric credit score came about in 1989, and it uses logistic regression to assess five categories related to a consumer’s creditworthiness: payment history, debt burden, length of credit history, types of credit used, and new credit. In part one of our three part infographic series, the history of consumer credit, we took a step back in time to better understand how the credit system evolved through the ages.
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