Credit Card Secrets
It is no secret that today's SOCIETY relies on plastic money. A simple way to purchase things now and pay for it later. But why do so many people carry credit cards? Many carry credit cards in case of emergencies, your car breaks down, a sudden trip to the emergency room. Some use credit cards just to CONFORM to the SOCIAL NETWORK of today's SOCIETY. Everyone has to have one, without credit it is harder to make those bigger purchases, a car, and a house. But why do people need to have credit to buy those things? Banks and mortgage companies use a credit score in order to see basically what you rank in SOCIETY, the higher your credit score the lower the interest rate is on your purchase. Basically seeing if you are a high risk or low risk in making your monthly payments on time.
But how did the credit card get started? The INNOVATION of credit started in the state of South Dakota. It was a way for farmers to be able to purchase the equipment needed to run their farms. And pay......
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