Gen-X renters have significantly weaker credit profiles than homeowners

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Gen-X renters have significantly weaker credit profiles than homeowners (National Mortgage News, May 20) Gen-X renters have significantly weaker credit profiles than homeowners; the median 672 credit score for a Gen-X homeowners is considerably greater than the 586 for renters in the cohort.

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Gen-X renters have significantly weaker credit profiles than homeowners Generation X is in its prime earning years, but the financial profiles of those renting are distinctly different from those who own a house, according to LendingTree.

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More seniors prefer renting to buying. Also, by education and family type, the highest increases were in the number of renters with a bachelor degree or higher (up by 23%) and in families with no minor children (up by 21%). When trying to come up with a profile of this new type of renter, a certain group comes to mind: empty-nest Baby-Boomers.

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Gen X Renters Have Poorer Access to Credit than Homeowners | LendingTree The first step to homeownership is a strong credit profile, and our study of Gen X finances found that renters have meaningfully weaker credit profiles.