Millennial and Gen Z credit scores are the latest sign of the ‘vibecession.' Their credit scores will keep going up, Open Credit, TransUnion report shows [Yahoo! Finance]
Open Lending Corporation - Class A (LPRO)
Company Research
Source: Yahoo! Finance
them as discriminatory . Yet they're a necessary evil to get what Americans want most: homes, cars, and lower insurance rates. It can take years to build a robust credit file needed for what's considered a “good” score (above 700), which many young consumers don't have. But a new report by Open Lending and TransUnion , one of the major credit reporting agencies, shows that millennials and Gen Zers are “poised” to move up credit tiers. That may be hard for these younger generations to believe, however, who just don't feel as good about the economy and their finances, a phenomenon that has been called the “ vibecession .” It's no wonder that millennials and Gen Zers don't feel great about their credit scores. After all, many lenders are “hesitant to extend loans” to borrowers with “thinner credit files,” said Kevin Filan, senior vice president of marketing at Open Lending. These are consumers with low credit scores or who just haven't had years of credit to prove they'll pay their l
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LPRO
News
- Credit Scores Are Rising for Millennials and Gen Z — What Boomers Can Learn From Them [Yahoo! Finance]Yahoo! Finance
- OneAZ's Launch of Credit Flex Auto Program Backed by Open Lending [Yahoo! Finance]Yahoo! Finance
- OneAZ’s Launch of Credit Flex Auto Program Backed by Open LendingBusiness Wire
- Open Lending to Announce First Quarter 2024 Results on May 7, 2024GlobeNewswire
- Near- and Non-Prime Consumers At Risk of Being Priced Out of the Vehicle Market, Open Lending Research Finds [Yahoo! Finance]Yahoo! Finance
LPRO
Earnings
- 2/27/24 - Miss
LPRO
Sec Filings
- 4/16/24 - Form 4
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- LPRO's page on the SEC website