The use of credit purchases originated in 1940 so that before that year credit purchase methods had not been developed.
What is credit?
Credit is a payment system created in the 1940s in which the buyer has the opportunity to access a good or service without having to pay for it in full at the time of purchase, but its value is deferred in several installments.
Credit is a method of payment that has spread through history and has become popular due to the culture of consumption because people can purchase some goods or services regardless of whether or not they have money to pay.
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