Tag: credit score
![Blocks that say recession and recover](https://crr.bc.edu/wp-content/uploads/2024/05/shutterstock_2173918003.png.webp)
The Great Recession is nearly gone from our collective memory. But for the people who lost a house to foreclosure in the subprime mortgage scam, the recession is still affecting their finances. The house is typically a worker’s largest asset. But 15 years after the foreclosure wave, the homeownership rate for the victims of foreclosur…
![Roses on a gravestone](https://crr.bc.edu/wp-content/uploads/2024/03/shutterstock_1615218823.png.webp)
The negative financial consequences for individuals over age 50 who lose a partner are dramatic. A new study by Ohio State researchers found that the surviving partners see their credit scores drop by 10 points – a decline that persists for up to two years following the partner’s death. Further confirmation of the financial fallout…