Millennials are getting bad deals on loans : Conservative borrowers seen as risky by lenders
Millennials are financially cautious, and that could be making it harder for them to get low-cost loans or credit cards.
Unlike older generations, many millennials are reluctant to take on new debt even as their finances improve, according to new research from VantageScore provided exclusively to USA TODAY.
The problem is lenders still consider these conservative borrowers with fewer credit accounts as riskier.
As a result, these debt-shy millennials likely get worse loan terms...