Experian®, the world’s leading information services company, released a study today that highlights the borrowing behaviors of millennials, the largest credit population in the United States. The study revealed only 39 percent of millennials without a mortgage have a prime or better score and the majority are facing higher delinquency rates.
Similar Posts
Scamming Grandma: Financial Abuse of Seniors Hits Record
U.S. banks reported a record 24,454 suspected cases of elder financial abuse to the Treasury…
Commentary: Revisiting Small Loans Rules Crucial to Maintaining Access to Credit for Vulnerable Consumers
In considering reforms to the small-dollar loan industry, lawmakers must tread carefully to avoid limiting…
Young adults turn to personal loans for debt, wedding and moving expenses
Kyle Littleton, 26, wanted to get rid of nearly $4,500 in credit card debt. The…
3 straight months of highest-ever used-car prices
Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the…
CFPB Prompts Americans to ‘Start Small, Save Up’
The Consumer Financial Protection Bureau (CFPB) announced a new “Start Small, Save Up” initiative this…
Mortgage Rates Rising at a Pace Not Seen in Almost 50 years
Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up…