Young consumers are blithely unaware of the importance of credit scores to their financial lives, according to recent surveys. This is troubling as Americans’ debt levels reach record highs. The good news is that people tend to change their behaviors once they learn how their financial habits impact their scores.
Source: Inman News
Why younger generations need to understand credit scores now
Published in Ally Bank, Analysis, Columns, consumer federation of america, credit scores, Equifax, experian, fico, lew sichelman, Mortgage, NBER, Select, TransUnion and vantage score
More from Ally BankMore posts in Ally Bank »
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Ally Financial partners with HouseCanary to grow mortgage
- Better partners with Infosys to power mortgages for other lenders
- Nearly half of Better’s mortgage business now comes from partners
- Ally now offers mortgages powered by Better in 46 states
More from AnalysisMore posts in Analysis »
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- New client leads, murky waters: October’s mixed bag for real estate
More from ColumnsMore posts in Columns »
- All about the Benjamins: 5 things to know before throwing money at real estate problems
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from consumer federation of americaMore posts in consumer federation of america »
- New Fannie, Freddie housing goals may hurt working families
- Mortgage trigger leads will be less crazy, but they ain’t going away
- Court denies CFPB’s request to vacate fair lending settlement
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
- State Farm seeks double-digit rate hike in California in wake of LA fires
More from credit scoresMore posts in credit scores »
- Love is blind, but FICO isn’t: Guiding couples with mismatched credit
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
- Mortgage lenders ask for more guidance on VantageScore 4.0
- Fannie, Freddie ordered to accept new VantageScore 4.0 credit score
- Rollout of new mortgage credit scoring models pushed back
More from EquifaxMore posts in Equifax »
- Mortgage giants ‘very close’ to accepting new FICO score
- Why Fannie and Freddie still won’t accept more inclusive credit score
- Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
- Credit bureaus slam plan to cut them out of FICO score pricing
- Mortgage bankers take a stand against tri-merge credit reporting
More from experianMore posts in experian »
- Mortgage giants ‘very close’ to accepting new FICO score
- Why Fannie and Freddie still won’t accept more inclusive credit score
- Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
- Credit bureaus slam plan to cut them out of FICO score pricing
- Gen Z is changing the rules of renting. Are you ready?
More from ficoMore posts in fico »
- Mortgage giants ‘very close’ to accepting new FICO score
- Why Fannie and Freddie still won’t accept more inclusive credit score
- Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
- Credit bureaus slam plan to cut them out of FICO score pricing
- Backers of rival mortgage credit scores wage public relations war
More from lew sichelmanMore posts in lew sichelman »
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from SelectMore posts in Select »
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
More from TransUnionMore posts in TransUnion »
- Mortgage giants ‘very close’ to accepting new FICO score
- Why Fannie and Freddie still won’t accept more inclusive credit score
- Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
- Credit bureaus slam plan to cut them out of FICO score pricing
- Mortgage bankers take a stand against tri-merge credit reporting
Be First to Comment