ALBANY, GA (WALB) - The folks at WalletHub have been digging into statistics again, and they've come up with some new lists.
With negative records from the Great Recession continually dropping off consumers' credit reports and debt levels pushing toward to pre-recession highs, they released a study on the Cities with the Highest & Lowest Credit Scores in 2017 .
They said it was done to illustrate which areas need the most work and to help consumers track their progress.
The average American has a credit score of 669, and 10% of the largest U.S. cities have "stinky" credit.
Here is a glance at the highest average credit scores, by city size.
Credit scores in South Georgia are below the national average. Here are some credit score averages we found from the WALB coverage area-
For the full list, CLICK HERE
Here are FOUR Key Credit-Improvement Tips-
- Find Out Where You’re Starting From: It’s impossible to gauge progress without a baseline. There are plenty of free-credit-score sites to choose from, including WalletHub, which is the only one offering free daily updates.
- Check Your Credit Report for Errors: Roughly 1 in 5 credit reports contains an error. Reviewing your credit reports – you can get your full TransUnion report from WalletHub – and disputing any inaccuracies you find could help you achieve some quick credit-score gains.
- Make Sure Positive Information Is Flowing: A steady stream of positive information into you credit reports is needed to establish a track record of financial responsibility or diminish the importance of previous mistakes. Opening a secured credit card is one of the easiest ways to accomplish this.
- Don’t Show Desperation for Credit: Don’t apply for credit cards too frequently. And don’t use all of the credit made available to you.