Mortgage Holders Have Better Credit

Mortgage Holders Have Better Credit  

Consumers who have home mortgages tend to carry more debt than those without them, but they manage it well and their credit scores are higher, according to a study released by a division of the Experian credit rating agency.  

Experian Consumer Direct, an online credit service, said a nationwide study found consumers who have a mortgage carried an average of $24,565 in credit card and other installment debt in addition to their mortgages compared with $4,565 in installment debt carried by consumers without a mortgage.  

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