"All eyes will continue to be on Washington this morning where the politico continue to prove S&P’s point in their downgrade of U.S. debt when they said that the political system was dysfunctional. The payroll tax cut extension is in jeopardy and after spending several hours reading on the current maneuvering, we don’t even know that we can properly explain what is happening today. What we know is that; The Market Today :
Credit Where Credit's Due Credit reports 101 Used to calculate credit scores and determine creditworthiness, credit reports are comprehensive documents that detail the credit history of a person or business, including current and former lines of credit, bankruptcy records, and more. Credit assessments actually started in the 1700s as a way to evaluate businesses’ financial standing rather than consumers’. The early 1800s brought efforts to standardize the credit reporting system as more businesses were started that needed loans, and the labor movement’s success in the second half of the 1800s led to an increased need for standardized c...
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