Gen Z’s credit scores have dropped, with the average score decreasing to 676 due to student loan debt. The U.S. Department of Education paused federal student loan payments during the pandemic, but the collection process has restarted. Young consumers face challenges in making payments, impacting their ability to access financial services.

Experts recommend checking your credit score, paying on time, and keeping credit balances low to improve your score. Credit utilization and payment history are crucial factors in score calculation. Developing good financial habits can lead to score improvement. Remember, a credit score is just a number and doesn’t define your worth as a person.

Read more at Yahoo Finance: Gen Z’s credit scores are dropping. Here’s what to do if yours is too