Tuesday, May 14, 2024 | The Latest Buzz for the Appraisal Industry

Study Shows Traditional Credit Scores May Not Be Accurate When Assessing Risk Millennials Pose

By Brian Honea

Millennials were found to have to have lower credit scores in 80 percent of the categories that make up traditional credit scores such as mortgage loans, auto loans, credit cards, and other installment loan payment histories because many young adults simply do not have any credit history with these financial products, with the exception of student loans.

The post Study Shows Traditional Credit Scores May Not Be Accurate When Assessing Risk Millennials Pose appeared first on DSNews.

Via:: Study Shows Traditional Credit Scores May Not Be Accurate When Assessing Risk Millennials Pose

      

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

Read More »

TOP RATED PRODUCTS

5/5