Debt-Free Earners Denied

Americans with high incomes, savings and little or no debt are increasingly being denied credit because automated lenders may view thin or inactive credit files as risky; about 25 million adults have files considered too thin or stale, as U.S. credit card balances reach a record $1.29 trillion. Ramsey Show co-host Jade Warshaw says credit scores serve lenders and argues consumers should avoid debt, while credit specialist Micah Smith says an established credit history can help with everyday needs and recommends using cards responsibly.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article