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    Chủ Nhật, 27 tháng 3, 2022

    Timeline of National Credit Education Month 2022

    National Credit Education Month timeline

    2009

    Credit Card Act of 2009

    Also known as Credit C.A.R.D., the Credit Card Act of 2009 shut down some malicious practices in the credit card industry and also required credit card companies to be more clear in their communications to consumers.

    1968

    Institution of the Consumer Credit Protection Act

    An important governmental regulation was introduced in 1968 that helped protect consumers from unethical credit practices.

    1958

    Invention of the Term "Credit Rating"

    Financial experts invent the concept of "Credit Ratings."

    1520s

    Appearance of the Term "Credit"

    In 14th-century London, bankers and financial experts began to utilize the term "credit" to describe loan reliability.

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    March is National Credit Education Month which means there is no better time to educate yourself and others on the importance of understanding the ins and outs of your credit score. Did you know that one in five Americans find errors on their credit reports and that more than 90% of home and auto insurers use credit ratings to decide who to cover and what premiums to charge? It’s for these reasons you should actively monitor your credit score as well as educate yourself on how to properly manage it. Let’s get started.

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