16-exp-14117 2016 state of credit infographic f · 2016-11-28 · helps businesses to manage credit...
TRANSCRIPT
Experian’s seventh annual analysis ranks the top and bottom cities and explores how the nation is faring when it comes to credit management.
VantageScore® nationalaverage up four points
from last year
669 to 673
Number ofbankcards
per consumerAverage balance:
$5,551
2.35Number ofretail cards
per consumerAverage balance:
$1,081
1.51Average debtper consumer
Up 0.59%from $38,987
$39,216
000673000673
Top 10 Cities by Highest Credit ScoreMankato, MN . . . . . . . . . . . . . . . . . 7081 Duluth, MN . . . . . . . . . . . . . . . . . . . 7036
Rochester, MN . . . . . . . . . . . . . . . . 7082 Sioux Falls, SD . . . . . . . . . . . . . . . . 7037
Minneapolis, MN . . . . . . . . . . . . . 7073 La Crosse, WI . . . . . . . . . . . . . . . . . 7038
Green Bay, WI . . . . . . . . . . . . . . . . 7044 Fargo, ND. . . . . . . . . . . . . . . . . . . . . 7039
Wausau, WI. . . . . . . . . . . . . . . . . . . 7045 Madison, WI . . . . . . . . . . . . . . . . . . 70210
Bottom 10 Cities by Lowest Credit ScoreGreenwood, MS . . . . . . . . . . . . . . 6221 Monroe, LA . . . . . . . . . . . . . . . . . . . 6396
Albany, GA . . . . . . . . . . . . . . . . . . . . 6242 Alexandria, LA . . . . . . . . . . . . . . . . 6397
Harlingen, TX . . . . . . . . . . . . . . . . . 6313 Bakersfield, CA . . . . . . . . . . . . . . . 6398
Riverside, CA . . . . . . . . . . . . . . . . . 6324 Corpus Christi, TX . . . . . . . . . . . . 6399
Laredo, TX . . . . . . . . . . . . . . . . . . . . 6355 Shreveport, LA . . . . . . . . . . . . . . . . 64010
Generational Insights
Silent Generation Baby Boomers Generation X Generation Y
VantageScore 730 700 655 634 631
Number ofcredit cards 1.91 2.93 2.56 2.02 1.29
Average balanceon credit cards $3,780 $6,889 $6,866 $3,542 $1,682
Revolvingutilization 16 29 37 36 36
Average debt $32,757 $42,628 $42,412 $32,698 $14,446
Average numberof retail cards 1.12 1.82 1.65 1.34 1.24
Retail debt $660 $1,166 $1,347 $942 $402
Generation Z
Experian’s 7th Annual
MADISON, WIThe city increased its
average score from 699 to 702 (0.46%),knocking Cedar Rapids, Iowa,
out of the top rankings.
LAS VEGAS, NVLas Vegans
increased theiraverage score from636 to 645 (1.41%). Las Vegas climbed out of the
bottom 10 this year, moving up10 spots from its 2015 ranking.
Utilizationrates remained
consistent at30 percent.
30%
Experian® is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision-making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
For more information, visitwww.LiveCreditSmart.com.
© 2016 Experian Information Solutions, Inc. All rights reserved. Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
• VantageScore® is a registered trademark of VantageScore Solutions, LLC.• VantageScore range: 300–850• Average debt includes all nonmortgage debts.