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Keyword: creditcardswork

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  • Millennials don’t know how credit cards work: survey

    08/07/2017 11:19:24 AM PDT · by BenLurkin · 57 replies
    New York Post ^ | August 5, 2017 | 10:48pm | Gregory Bresiger
    A few millennials...actually believe that missing a card payment would “improve” their credit rating, the survey said. “It was only 6 percent, but it actually shocked us,” said Mike Brown, a research analyst with LendEDU and the author of its Millennials & Credit Cards Survey. “They might think that by missing a payment they are gaming the system,” he added. Seventeen percent said missing a card payment would have no effect on their score. LendEDU, a Web site that provides information for student loan refinancing, also found that many millennials are spooked by credit cards, yet many use them in...