A mass-market consumer financial industry was emerging by the middle of the 20th century.

A mass-market consumer financial industry was emerging by the middle of the 20th century. One hundred years back, when a mass marketplace for credit rating would not yet exist, underground purveyors of credit rating started initially to emerge, and a number of dilemmas ensued. “Salary lenders” offered loans that are one-week yearly portion prices (APRs) …

A mass-market consumer financial industry was emerging by the middle of the 20th century. Read More »