Colleyville listed # 7 in Nation for Highest Average Credit Scores in Small Cities

Colleyville, Texas  March 7, 2017

If you’ve ever applied for a loan or credit card, you know that your credit score is more than just a three-digit number: it’s a numerical representation of your financial habits. And it tends to speak volumes, most important of which is how well you manage your debts.

But have you ever wondered how well your neighbors, your coworkers or perhaps your local Starbucks barista handle their finances? Are they as responsible — or irresponsible — as you when it comes to paying your bills or knowing when to keep your plastic in your pocket?

WalletHub’s analysts compared the average credit scores of residents in 2,534 U.S. cities to give credit where credit is literally and figuratively due.

With negative records from the Great Recession continually dropping off consumers’ credit reports and debt levels pushing toward to pre-recession highs, the free-credit-score website WalletHub today released a study on the Cities with the Highest & Lowest Credit Scores in 2017 to illustrate which areas need the most work and to help consumers track their progress.

We clearly need all the help we can get, considering that the average American has a credit score of 669 and 10% of the largest U.S. cities have “bad” credit.