30% of Millennials and Gen Z borrowers improved credit tiers in two years, according to Open Lending and TransUnion.
Millennials and Gen Z are set to improve their credit scores, with 30% of these borrowers moving up credit tiers in the past two years, according to a report by Open Lending and TransUnion. Despite hesitancy among lenders to extend loans to borrowers with thinner credit files, the study highlights potential for upward credit mobility in the younger generations compared to older consumers.
March 25, 2024
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