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History of Credit Cards

billkozyBillkozy on 03/31/2010

HistoryofCreditCards Photo On April 23, 2009, President Barack Obama and an economic adviser named Lawrence Summers held a meeting with credit card company executives on the subject of how to get a handle on this country’s problem with credit cards and how unfair practices have gotten people into financial trouble. Analysts predicted that credit card defaults in 2009 would total over $75 billion. Today’s credit card contracts and the terms that seem to shift at the slightest whim of the companies along with the complex legal jargon have landed many consumers into debts they might never be able to extricate themselves from.

Here is a quiz about he history and evolution of credit cards, those little plastic rectangles that have proven very convenient for some people and yet also made some people’s lives a nightmare. Good luck on the quiz and please rate it afterward if you have a chance. I’m only charging a 29% financial penalty if you don’t rate it.

Best wishes,

11 Questions

Rating:  (8.00/9)
Difficulty:  Very Difficult
Taken: 48 times

Share Quiz:

Quiz Leaderboard
Player: Level: % Correct: Time to Complete:
Youreedrive 13981.82%    241.99 seconds    
Tmitsss 23972.73%    146.17 seconds    
Mholmeswv 7654.55%    114.65 seconds    
Longneck 1154.55%    121.83 seconds    
Gerdieducks 1454.55%    186.56 seconds    
Klukblazen 22254.55%    213.32 seconds    
Tjh3885 20054.55%    252.22 seconds    
Marieann 12845.45%    106.64 seconds    
Edma194 7345.45%    130.67 seconds    
Bud7dy 5945.45%    175.16 seconds    

Comments (1)
Perecg  (Level: 170.9)
Wed, 31st Mar '10 7:54 AM

No wonder i have a credit card

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