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Study Finds Mortgage-Only Defaulters Pose Less Risk

Consumers who only defaulted on their mortgage during the economic recession pose far less of a risk than consumers who went delinquent on multiple credit accounts, according to a new study from TransUnion.

The Chicago-based credit bureau says the results showed that consumers with mortgage-only defaults performed better on new loans than those with multiple delinquencies, such as credit cards and auto loans, and this was evident across all credit scoring ranges.

For example, TransUnion found that 11 percent of new credit card holders who had previously defaulted on their mortgage but not on any other debt obligations subsequently fell behind on their new credit card payments, versus 27 percent who had defaulted on multiple debt accounts.


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