GradTech

As more young consumers come into their credit-using years, traditional approaches to assessing creditworthiness don't always fit their jobs and lifestyles. Both traditional lenders and newcomers like fintechs need to devise alternatives to meet would-be borrowers' needs.

Millennials and Gen Z Need Fresh Approaches from Consumer Lenders Getting started with credit proves tougher for young people facing higher odds than their parents. New wrinkles on credit data may help.

Innovation fosters change in the best way.

Tip 14: Never give up. Problems aren't problems if they can be fixed with time, money, or some effort. Put forth the time and effort. Mistakes will happen, but it's fine so long as you learn from it and make the effort to fix the mistake. - Nick Sycz, Software Developer

REPORT: Financial companies often use data on borrowers' higher education to determine access to credit and the price of consumer financial products.

Report: Lenders Use Educational Data to Discriminate Financial companies often use data on borrowers' higher education to determine access to credit and the price of consumer financial products. And those education data can lead to redlining, a form of discrimination against borrowers who attended community colleges, historically black colleges and un...