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Why Do Credit Scores Increase with Age?
Improve Your CreditWhy Do Credit Scores Increase with Age?

Does age have an impact on credit scores? The short answer is yes. Data shows that different generations have distinct credit scores. Individual credit scores are used by financial institutions and lenders to determine eligibility for favorable rates and terms for financial products and services. For example, a higher credit score typically earns borrowers lower rates on personal loans.

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