Below are the top 4 news of this week:
1. Major decrease in credit score – According to survey, the credit score of average Americans have decreased considerably. The industry experts are of the opinion that more or less around 35% of the debtors have a credit score below 650. Thus, they are considered as sub-prime borrowers. This low score will have a long lasting negative effect on US credit.

2. Credit for small businesses – On Monday, 12th July Federal Reserve Chairman Ben Bernanke advocated that lenders should ease credit flow to small businesses. According to him, the lack of flow of credit to small businesses is hampering US economy. He said that lending to small businesses had dropped to less than $670 billion from $710 billion in the first part of the year 2010.

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