{"id":1944,"date":"2023-03-25T05:55:06","date_gmt":"2023-03-25T09:55:06","guid":{"rendered":"https:\/\/www.saudercpa.com\/blog\/?p=1944"},"modified":"2023-03-24T16:47:29","modified_gmt":"2023-03-24T20:47:29","slug":"credit-history-the-evolution-of-consumer-credit-in-america","status":"publish","type":"post","link":"https:\/\/www.saudercpa.com\/blog\/2023\/03\/25\/credit-history-the-evolution-of-consumer-credit-in-america\/","title":{"rendered":"Credit History: The Evolution of Consumer Credit in America"},"content":{"rendered":"<p><em>Preface: For the\u00a0<span class=\"sc\">Lord<\/span> your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow, and you shall rule over many nations, but they shall not rule over you. &#8212; Deuteronomy 15:6<\/em><\/p>\n<p><strong>Credit History: The Evolution of Consumer Credit in America<\/strong><\/p>\n<p><a href=\"https:\/\/www.saudercpa.com\/blog\/wp-content\/uploads\/2023\/03\/credhistory-1.pdf\">History of Credit in America<\/a><\/p>\n<p><em>&#8230;&#8230;&#8230;It\u2019s all quite impersonal and very different from the way things were in<\/em><br \/>\n<em>1800, or even 1900. Just try to imagine how old-time storekeepers and<\/em><br \/>\n<em>bankers would react to the idea of granting you a $10,000 line of credit<\/em><br \/>\n<em>without ever shaking your handing, looking you in the eye, or knowing<\/em><br \/>\n<em>anything about your family. Then try to imagine their reaction if you<\/em><br \/>\n<em>asked to borrow money for a vacation: Let\u2019s see. You want to use this money<\/em><br \/>\n<em>for a pleasure trip to Florida, where your children will visit a kingdom ruled by\u00a0 Mickey Mouse? You won\u2019t be doing any trading while you\u2019re there, nor will this journey have any other productive purpose. . . . I think not.<\/em><\/p>\n<p><a href=\"https:\/\/www.saudercpa.com\/blog\/wp-content\/uploads\/2023\/03\/credhistory-1.pdf\">History of Credit in America<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preface: For the\u00a0Lord your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow, and you shall rule over many nations, but they shall not rule over you. &#8212; Deuteronomy 15:6 Credit History: The Evolution of Consumer Credit in America History of Credit in America &hellip; <a href=\"https:\/\/www.saudercpa.com\/blog\/2023\/03\/25\/credit-history-the-evolution-of-consumer-credit-in-america\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Credit History: The Evolution of Consumer Credit in America&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1944"}],"collection":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1944"}],"version-history":[{"count":2,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1944\/revisions"}],"predecessor-version":[{"id":1947,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1944\/revisions\/1947"}],"wp:attachment":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}