Buy now, pay later

In pre-industrial society. 

"Our office is only sending seventeen!"

©DAG

                                                     "This is 18 attempts to collect a debt. Any information..."

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Now that's a quick collection!

"Did you do anything on that yet?"

© DAG

© DAG

© DAG

Tax Time

© DAG

© DAG

You Cannot Afford

Bottom is almost a "This is an attempt..."

United States Creditors Protective Association

1930's

© DAG

Oblige!

© DAG

                             

       Abe Lincoln Comment: (He was a collector as well!)

FCRA Time

© BCA Financial Services

Dicken's Experience

A good site to concisely explain Charles Dickens' father's debtor's prison experience

History in an Hour

1959

Open A Charge Account!

What would your credit history consequences be back in 1925 if you did not pay your charge? What about the collection thereof? At least there were no debtors' prisons. The United States eliminated the imprisonment of debtors under federal law in 1833.

      Credit: Shorpy.com

Potential Debt Buying by Abe Lincoln

Status Report: 

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To Maria Bullock [1]

Dear Aunt                                                      Springfield, Ills, Jan. 3. 1859

I have recently had two letters from our cousin Charles Carr, [2] in relation to your business. It annoys me to have to say that I can not collect money now. I now believe the quickest way I can get your money is for me to buy the debts of you, as soon as I can get in any money of my own to do it with. I keep some money loaned at ten per cent; and when I can get hold of some, it would be a ready investment for me to just take these debts off your hands; and I shall try to do so. I think it will be better all round than to resort to the law. This does not apply to the small debt of eighty odd dollars, upon which I shall sue and foreclose the mortgage next court.

All well. Yours as ever,

A. LINCOLN

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Annotation

[1]   ALS, IHi.

[2]   Charles D. Carr, an attorney at Lexington, Kentucky, was Mrs. Bullock's nephew. Carr's letters are not extant, and there is no record of Lincoln's purchasing the mortgages