CALIFORNIA BUSINESS MINUTE
Credit Scores
11-10-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
If you want to live in a state with the highest credit scores be sure to have a
snow shovel handy. According to Experian, Wisconsin has four of the Top Ten cities
with the best credit score in the nation. However on the flip side of the coin,
Texas has four cities with the lowest credit scores.
The rankings are based on scores from a random sample of consumers in Experian's
database. Experian says credit scores are improving nationwide, but only slightly.
Five out of 10 of the bottom markets increased their credit scores and decreased
debt since Experian analyzed them in 2010. However, average debt nationwide
decreased by only about 1%, down about $200 to $24,542, indicating that those
working to improve their debt-to-credit ratio, a major component of all credit
scores, aren't making too much headway.
"(The) data shows that we still have a long way to go toward economic prosperity,
but that many consumers are taking small steps toward improving their credit and
debt management," Michele Raneri, vice president of analytics for Experian, said
in a press statement.
Experian examined 143 cities. They identified the national average of a credit
score to be 749.
CITIES WITH HIGHEST CREDIT SCORES
1. Wausau, WI 789
2. Minneapolis, MN 787
3. Madison, WI 785
4. Cedar Rapids, IA 781
5. San Francisco 781
6. Green Bay, WI 780
7. Boston, MA 779
8. Peoria, Ill 778
9. Sioux Falls,SD 778
10. La Crosse, WI 777
CITIES WITH HIGHEST CREDIT SCORES
1. Harlingen, TX 686
2. Jackson, MS 701
3. Corpus Christi,TX 702
4. Monroe, LA 706
5. Shreveport, LA 706
6. Augusta, GA 709
7. Bakersfield, CA 709
8. Las Vegas, NV 709
9. Tyler, TX 710
10. El Paso, TX 710
For other California cities, Santa Barbara is ranked 21st with a 771 credit
score, Monterey is ranked 45th with a 775 credit score, Chico is ranked 56th
with a 754 credit score, San Diego is ranked 61st with a 753 credit score,
Sacramento is ranked 79th with a 745 credit score, Palm Springs is ranked 86th
with a credit score of 741, Los Angeles is ranked 96th with a credit score of
738 and Fresno was ranked 121nd with a credit score of 721
To see the list go to
http://www.experian.com/assets/live-credit-smart/images/data-spreadsheet.pdf
I am Tim Johnson and this has been the California Business Minute.
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