Top 10 Cities with the Lowest Credit Ratings
Discover the ten US cities with the lowest credit scores, characterized by high debt levels and credit utilization. This analysis highlights key financial metrics such as average credit scores, debt amounts, and credit card balances. Understanding these trends can help residents and financial professionals improve credit health. Stay updated with the latest credit insights and tips for better financial management tailored to areas facing credit challenges.
Top 10 Cities with the Lowest Credit Ratings
Some cities in the US face residents with notably lower credit scores compared to national averages. The reasons vary, but higher credit utilization and debt levels are common contributing factors. Residents in these cities tend to use their credit more aggressively, leading to increased debt and lower scores. These cities consistently rank at the bottom for credit health, often due to substantial credit card balances and high debt-to-credit ratios. Understanding these trends can help residents and financial advisors devise better credit management strategies.
Shreveport, Louisiana: The average credit score here is 640, with typical debts around $41,204. Residents’ credit utilization is 34%, and their average credit card debt is $5,122.
Corpus Christi, Texas: Credit scores average 639, with debt averaging $41,435. Residents' credit utilization is 36%, and the mean credit card balance is $5,781.
Bakersfield, California: The city shows an average credit score of 639, with debts of about $35,138, a credit utilization of 33%, and an average credit card balance of $4,460.
Alexandria, Louisiana: The average score is 639, with debts around $38,863, a utilization rate of 33%, and credit card balances averaging $4,611.
Monroe, Louisiana: Its residents have an average score of 639, debt of approximately $41,610, a utilization of 33%, and an average credit card debt of $4,596.
Laredo, Texas: The city’s average credit score is 635, with debts near $35,799, credit utilization at 36%, and credit card balances averaging $4,436.
Riverside, California: The average is 632, with debts of $37,659, utilization at 37%, and an average credit card balance of $5,026.
Harlingen, Texas: Residents typically have a score of 631, with debts around $35,690, credit utilization of 35%, and credit card balances averaging $4,618.
Albany, Georgia: Average score is 624, debt at $38,580, credit utilization at 36%, and an average credit card balance of $4,787.
Greenwood, Mississippi: The average credit score here is 622, with debts of $38,201, utilization at 37%, and credit card balances averaging $4,125.
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