The Equal Credit Opportunity Act is very specific about how a person's age may be used in credit decisions.

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The Equal Credit Opportunity Act prohibits discrimination in any aspect of a credit transaction based on certain characteristics, including age. It specifies that age can be considered only insofar as it affects the ability to repay credit, but it cannot be used to deny credit solely because the applicant is too old.

The Equal Credit Opportunity Act Is Very Specific About How