A lot of your financial plans are largely affected by a powerful number commonly known as a credit score. It is a three-digit number that is derived from the info extracted from your credit report. Your credit report comprises your credit history, which is obtained from the credit accounts that you have had across businesses.

Your credit score is in no way affected by your age. The only thing lenders use your age for is to confirm that you are able to sign a contract. When it comes to concluding if your application should be approved or not, lenders do not pay attention to your age.

We have established that age is not considered when approving your application; however, there is a connection. For instance, the duration of your credit use makes up 15 percent of your credit score. This is often referred to as your credit age or credit history age. If you have a great credit history, the duration of credit use goes a long way in affecting your credit score.

This means that you need age on your side to gain further experience with credit, as experience will help improve your credit score.



It is easy to understand why older consumers have better credit reports and higher scores than younger consumers when we consider the place of experience. Some lenders consider any credit score below 660 to be subprime. In this case, the application is either denied or approved in terms that are less favorable.

Consumers are just beginning their credit journey at 18 years old. At this stage, they may be receiving their first credit card. In this case, the consumer will have to wait at least 6 months to have their credit score generated. It might be helpful to know that you can also buy credit tradelines to improve your credit score.



Another factor related to age that can affect your credit score indirectly is income. One of the ways lenders determine that an applicant can afford the obligation of new debt is the income of the applicant. However, it is important to note that income does not affect your credit score in any way.

Most people experience an increase in their income as they grow, hence increasing their chances of getting higher credit scores.



Less experience with financial obligations, lower incomes, and a young age can indirectly affect your credit score negatively. These factors can make you prone to making terrible decisions that can lower your credit score. Taking out a large amount of debt with a low income will negatively affect your credit score. Always bear in mind that 30 percent of your credit score comes from your credit card balances.


All the information above does not in any way mean that a young adult cannot have an amazing credit score. The way you handle your credit obligation will go a long way in affecting your credit score. When you are an authorized user of an old account that has a positive credit history, this can improve your credit score, irrespective of your age.


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