 Is it possible to use a Debit card in place of a Credit Card? |
I want sign up for officelive.com but don't have a credit card. Can I use a Debit Card... would it work?
What about other transactions on websites?? I wish we could use debit cards ... |
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 Bad credit score! how do i get it back up? |
| My credit score is very very very low. How do i get it back up? Should i file for bankruptcy? I have alot of credit card bills, hospital bills, child support, repo and a few other things. If you ... |
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 How Do I Repair Credit After 7 Years of Delinquency? How Long Does It Take? |
| I asked the question as part of my previous one, but I'm hoping ot get more responses please.... |
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 Can provident loans take me to court? |
| I had a provident loan of £400 (with interest it was around £600) I paid it for a bit now stopped it as I cant afford it. Its been over 2 years now and they are demanding the £450.00 left or take ... |
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 My sister used my credit card? What can I do? |
She owes about $15,000 and doesn't want to pay it. Is there anything I can do for her to pay it? Can I get the debt on her name?
I don't want to press charges because she is my sister ... |
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 Prepaid credit cards? |
| I am 17 years old. I want to buy things online but my parents would allow me to get a credit card. Is there such a thing as a prepaid card? Where I pay money and that money goes into the card. Is ... |
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 Help me understand mortgage refinancing? |
| We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I'm not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500,... |
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 How do I get out of a 3 yr contract with Ballys after 5 months without moving or medical reasons? |
| I only wanted to use their trainer but i was told to sign a 3 yr contract to do so. I was told I can cancel within 30 days but then I was told it was too late. When I called, they said then told me ... |
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 How do i rebuild my credit? |
| I am trying to rebuild my credit and i cant even get a loan.. i posted on here but something happend.. somone told me to email this guy that gives out loeans but i dont know if i should do it.. i ... |
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 How can I rebuild my credit? |
| I have a couple of credit card charge offs. How can I start to rebuild my credit? should I make a settlement on those credit cards, or should I pay off the entire balance? How will each affect my ... |
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 Is a pre paid credit card a real credit card? |
i keep seeing offers for them and i wanted to know if its like a regular credit card except u can add $
i am planning a trip and need to rent a car and i know most rental places only takes ... |
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 How much credit can I have? I have a $42k auto loan, income of $95k annual.? |
| I also pay mortgage, around $2300/mo, around $860/mo for the car. Income is $95k/yr and about $8k/mo. I know that lenders tend to have a limit of some percentage of your income allowable to be used ... |
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 How do I get rid of a new, un-activated card? |
I applied for a credit card last week, and it arrived in the mail today, but circumstances changed, and I no longer want it.
It still has the sticker on it that says to call the number in ... |
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 Bad debt written off? |
| I had a discussion with someone who said that companies will write off bad debt after 5 years of trying to recover it, i disagree, does anyone know the actual facts about this?... |
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Where's Fluffy | Was there credit use before credit cards??? |
Additional Details
if you can pls explain your answer.
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Young and Famous
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Yes, there were credits before credit cards. It was a loan (borrow money); the store manager/clerk write down your name, phone number, and the price you owe on their notebook. Then they tell you when you have to pay it back. |
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Gatsby216
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For individuals there has been credit for a long time. Its in the Bible, "Niether a lender nor a borrower be."
In Egypt farmers and merchants would be fronted (lent) the money for planting or other endevors and the lenders would get a share of the profits.
Lending to indivduals was limited as a middle class is a recent occurance. In the past you had surfs, indentured servants etc.
The expansion of the west saw expansion of credit, look at Bank of America and the history of lending in San Francisco. |
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mosype
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Yes, it started long before credit cards existed. Credit was common around small towns where the store owners usually knew their customers. The store would write down the amount of money a person owed them and have them pay it every month; like a bar tap. The idea was good because the person that needed something might not have money with them but could pay it off when they got their pay check. |
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osto11
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yes, a lot of it. |
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narbo73
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Yes,
Quite simply it was your word. ( local market, barber, etc. )
On larger purchases, Homes. Most banks would base it on the relationship you have with the bank. How well your known in the community, what kind of job you have etc.
Pretty basic. This would have been from about 1900 - 1940's |
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harish
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Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html |
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Jackie Oh!
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Actually, before credit cards there were was more credit. People had accounts at the grocery store, clothing store, shoe store or anywhere they needed goods. |
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Leo Lion
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Yes. Credit was always a part of the capitalist system. It's now evolved into a complex part of the monetary system.
Because of credit cards, so many resort to filing for bankruptcy.
Bankruptcy itself is not what it once was.
You can clean out your financial mess with bankruptcy and start fresh without too much against your record, and without losing everything.
Donald Trump did it twice.
So to answer your question, yes there were many forms of credit before they invented plastic credit cards. |
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Maria
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Yes, but that was back when people were more trustworthy. |
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snarf
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When I was in high school...early 80s...there was this drug store my parents had an account with...if I needed something...all I had to do was go in and ask them to add it to my parent's account...once a month my parents would get a bill with the charges...as long as I did not buy something I did not need, they were cool with it. There was no card at all. |
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Still reading
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Yes--every small store offered credit. They had a book of receipts that was by family and as one purchased, they filled out a receipt. Eventually you paid up, or your credit was stopped. This was in the days when you did all your trading in a single town and even a single store. |
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