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Credit Score Crisis to Linger

Housing crisis likely to drag down credit scores


June 24, 2010

By GAIL MARKS-JARVIS
Chicago Tribune,
(MCT)


While over-extended borrowers might find immediate relief from loan modifications, foreclosure alternatives or even foreclosures -- they are likely to be haunted by lower credit scores for years to come. Some lenders, however, are looking beyond credit history -- a move that could even impact borrowers who have maintained their payments. Panelists at a credit-risk conference discussed the implications and other alternatives.

This story is no longer avaiable.
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