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Generational Differences in Credit

Blog Post05/04/2016
Credit Advice
Generational Differences in Credit

Do you know how much of your available credit you’re using? What about your parents or your kids? While there are many differences in how each generation uses their credit, one thing remains the same no matter your age: a majority of consumers are using more than 50 percent of their available credit. To see how your credit usage compares to others’ your age, check out the generational differences in credit.

Generational Differences in CreditGenerational Differences in Credit
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What You Need to Know:

There are various types of credit scores, and lenders use a variety of different types of credit scores to make lending decisions. The credit score you receive is based on the VantageScore 3.0 model and may not be the credit score model used by your lender.

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