Study Details Millennials’ Unhealthy Credit Habits

National Mortgage Professional, Mar. 12, 2019–Phil Hall
Millennials have a very distinctive approach to handling their credit, according to a new study released by TD Bank’s Consumer Spending Index.
The study found one-quarter of Millennials do not know their credit score, while half of this youthful demographic use between 31 percent to 90 percent of their credit limit, far above the recommended utilization rate of 30 percent or less.