What is a Credit Score?
Basically, one's credit score is a three-digit number that can be generated by a professional mathematical algorithm. It is used in order to help predict if one is at risk of failing to pay back on loans issued to them. The most popular type of credit score is the FICO score, and these scores have a range from 300 to 850. Using this system, lenders can get a better grasp on if people that are asking to lend money are more likely to pay them back or not as they are supposed to.
There are a lot of things that people have to worry about throughout their life, and one of the things that tends to follow someone is their credit score. If it is a good credit score, one can get approved for most types of loans, rent properties, and more. Most lenders tend to look at one's FICO scores in order to judge whether or not they will be at risk if they loan that particular person money, and currently everyone has three FICO scores. These scores can be found at three different credit bureaus: Experian, TransUnion, and Equifax. Below is a list of the top 10 cities with the highest credit scores in the United States.
Top Cities for Credit
- Phoenix, Arizona is the number 1 city when it comes to the highest credit scores in the United States. Currently, Phoenix has the highest credit score average in the United States. The average debt for this city is around $25.2 k, and the average credit score is around 737 across the city. In Phoenix, Arizona, the average credit score increased .6% from the past years.
- Greenville, North Carolina made it to the 2nd city with the highest credit scores in the United States.Greenville, North Carolina has the 2nd highest credit score rating in the United States next to Phoenix, Arizona. The average debt of people that live in Greenville, North Carolina is around $25.3 k. The credit score for Greenville, North Carolina has increased .61% as opposed to past years, and the current average credit score for its residents is 734.
- Las Vegas, Nevada is the city with the 3rd highest credit scores in the United States. The increase in credit scores for Las Vegas, Nevada is around .71% according to research done on past years in the same area. The average credit score for the people that live in Las Vegas, Nevada is around 714, and currently the average debt for these residents across Las Vegas is around $24.9 k.
- Dallas, Texas is the city with the 4th highest credit scores in the United States. Dallas, Texas is known for a lot of different things, but recently it was declared to be in the top 10 cities with the highest credit scores in the United States. The average credit score for the residents of Dallas, Texas is 727, and the average debt in the city is around $26.6 k. The credit score average of the city has increased around .72% from past years.
- Reno, Nevada is the city with the 5th highest credit scores in the United States. The overall credit score average has increased by around .72% from past credit score averages. The base credit score average currently for the city of Reno, Nevada is around 746, and the average debt is generally around $27.3 k however this is subjective just like in any other city.
- Fort Meyers, Florida has reached number 6th on the highest credit scores in the United States list.Fort Meyers, Florida has had an average increase of credit score to about .76% from the past few years. For those that live in the city of Fort Meyers, the average credit score across the board is around 756, and the average debt of people in the Fort Meyers area comes to around $24.3 k.
- Wichita Falls, Texas has been named the 7th city with the highest credit scores in the United States.Currently, the average credit score for Wichita Falls, Texas has increased around .78% from past years. The average debt of people that live in Wichita Falls is around $24.7 k, and the average credit score is around 728 across the board.
- Tyler, Texas is the 8th city on the list of highest credit scores in the United States to date. Over the years, cities in Texas have been constantly growing stronger, and therefore, it is no surprise that Tyler, Texas is now on the list of top highest credit scores in the United States. The city's average credit score has increased by around .81%, and the average credit score across the city is around 715. In the city of Tyler, Texas, the average debt for it's residents is around $25.9 k.
- Sioux Falls, South Dakota has finally reached 9th on the cities with the highest credit scores in the United States. The current average debt for citizens in Sioux Falls, South Dakota is generally around $24.8 k, and the average credit score for those citizens is generally around 784. Over the past couple of years, the average credit score has actually increased around .84% from the previous years.
- The 10th city on the list of cities in the United States with the highest credit scores is Bakersfield, California. Out of all the cities on this list, Bakersfield has had the largest overall percentage increase from past years, and the current credit score increase sits at 1.07%. The overall average credit score of residents inside the city of Bakersfield, California is around 717, and the average debt is around $25.3 k.
