Tag Archives: Scores

Housing Crisis Likely to Drag Down Credit Scores

RISMEDIA, June 30, 2010—(MCT)—For countless Americans struggling to make their mortgage payments, the problems have just begun.

Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be dogged for years by the aftermath—a credit score so tarnished by the housing debacle that lenders will want to avoid them. And if they are able to obtain loans, high interest rates are likely…

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