Have you ever wondered when and where the heavy reliance on your credit score began? When did everything start to depend on a three digit number? If you are like me, you probably don’t care to read too much about the history as long as you understand what affects your credit score, what it means, etc.
I recently came across a website that goes over the history of how the three major credit reporting agencies spread their roots. The best part about it is that it is creatively done in picture form. It doesn’t explain all the in’s and out’s of your credit score, but It does provide a detailed history of the development of credit reporting over the past 150 years without boring you to sleep with too much information. For example, did you know that American Express was the first credit card company to produce a plastic charge card and that all cards before this were cardboard? Its form and information make it helpful for anyone wanting to learn more about their personal finances.
Find out more information here:
I have included it in my list of Financial Resources. (If you aren’t aware of this list, it provides a variety of helpful articles and websites that are related to personal finances in some way. It is still growing, so be sure to check back for updates.)