(Bloomberg Business) -- To lenders, millennials are likeugly-looking fruit: They may appear suspect, but on the insidethey're just as good a bet as the next apple. That's roughlythe takeaway of a report published Wednesday by creditrating company TransUnion, which suggests young peoplewith student debt are not as risky an investment as they mayseem.
The company reviewed credit profiles for 6 millionpeople and found that having student loans did not preventthem from taking out other kinds of consumer debt in thelong run.
"Younger consumers are doing a really good job at managing othertypes of credit," says Charlie Wise, a vice president inTransUnion’s innovative solutions group. "This is asurprisingly credit active, credit hungry group that seems toperform well on those loans."
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