The IRS recently announced that 2016 tax refunds that include the Earned Income Tax Credit (EITC) and/or the additional Child Tax Credit (CTC) will not be issued before February 15, 2017. The refund delay is required by law — the PATH Act, to be precise.
The first credit reporting agencies came into being in the 1950s and 1960s as a way of helping banks and retailers assess a consumer’s creditworthiness. Since that time, credit reports and credit scores have expanded in importance. A change in credit score can have significant impacts on the terms of a mortgage, and the details of a consumer’s credit history can serve as a gateway to everything from employment to health insurance.