Interested in your Credit History or the History of Credit.

What is your interest ? (no pun intended)
Credit history or credit report is a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonymous to credit history or to credit score.

But more importantly, What is the History of Credit ? How did it start ? Why is it so problematic ?

It All Started In The 18th Century.... But it wasn't until after the Second World War that the Banks got involved, and started charging Interest. Recognizing trends of increased travel and spending among those who held charge cards, banks became interested in credit cards... Since they were in the business of lending money, they saw the potential of gaining income by charging interest on credit cards. A LOT OF INCOME.
In 1958, the “Don’t leave home without it” card was introduced by American Express. But the first revolving-credit card was issued in the State of California by the Bank of America. The BankAmericard, marketed all across the state, was the first card to offer its cardholders payment options, where they could pay the debt in full or they could make monthly payments while the banks charged interest on the remaining balances.

And that is where the problem started..... "REMAINING BALANCES"