Is It Harder for Seniors to obtain Bank Cards?
ThereвЂ™s strong demand for credit cards among older adults whether itвЂ™s to earn rewards toward vacations or just finance everyday purchases.
Based on a report from credit bureau Experian, middle-agers (those created between 1946 and 1964) carried on average 4.8 charge cards into the 2nd quarter of 2019, a lot more than any kind of generation into the report.
One might genuinely believe that a mature adult’s odds of getting authorized for the brand new charge card could be reasonably high. It is a demographic that is had more hours to ascertain long credit histories, pay mortgages and display accountable borrowing. Continue reading “Is It Harder for Seniors to obtain Bank Cards?”
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