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Bringing together leading experts to discuss credit, loan, debt and identity theft topics, CreditBloggers provides readers with unique insight and straight answers about the financial world.

Funny Money Friday: Credit Education Circa 1960

Posted on 07/16/2007 10:09:13 | Link | Post Comment

Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

The credit world as we know it is really only about 30 years old. Consumers didn&39;t have access to their credit reports and credit scores until after the Fair Credit Reporting Act was passed in 1970 and credit cards were still fairly novel until the late 1980&39;s. The emergence of the internet in the 1990&39;s revolutionized the way consumers managed their credit and controlled finding new loans and credit cards.

It&39;s always fun to dig up a relic of credit management from the pre-history of our modern credit system; those heady days where credit records were stored in file cabinets. The 1960 educational film, The Wise Use of Credit, is packed full of sincere life lessons, a high tech "learning machine," surprisingly accurate advice and darling animation.

Click on the image below to watch the 11 minute film:

Happy Friday!

Emily Davidson is editor of CreditBloggers.com and a former credit expert for the credit bureau, TransUnion. She writes about credit and personal finance topics.

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