Monday, August 15, 2005

Best & Worst Credit Scores

How does your city rank in terms of credit scores of its residents? Here
are the scores for 20 major metropolitan areas, according to an Experian
study:
Minneapolis (707), Boston (705), Washington DC (693), Seattle (691),
Cleveland (690), Philadelphia (688), New York (688),
San Francisco (686), Chicago (680), Sacramento (676), Tampa (675),
Denver (675), Detroit (675), Miami (672), Orlando (671), Atlanta (670),
Los Angeles (667), Phoenix (660), Houston (655), Dallas (653),

Credit scores range from 300 to 850 and are increasingly used by lenders
when evaluating credit-worthiness. Only about 11% of the surveyed
population ranks above 800; 29% ranks between 750-799. Those with
scores below 620 or so are credit-challenged, typically paying much higher
interest rates.

0 Comments:

Post a Comment

<< Home

-->