16-exp-14117 2016 state of credit infographic f · pdf fileexplores how the nation is faring...

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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 ® national average up four points from last year 669 to 673 Number of bankcards per consumer Average balance: $5,551 2.35 Number of retail cards per consumer Average balance: $1,081 1.51 Average debt per consumer Up 0.59% from $38,987 $ 39,216 000673 000673 Top 10 Cities by Highest Credit Score Mankato, MN . . . . . . . . . . . . . . . . . 708 1 Duluth, MN . . . . . . . . . . . . . . . . . . . 703 6 Rochester, MN . . . . . . . . . . . . . . . . 708 2 Sioux Falls, SD . . . . . . . . . . . . . . . . 703 7 Minneapolis, MN . . . . . . . . . . . . . 707 3 La Crosse, WI . . . . . . . . . . . . . . . . . 703 8 Green Bay, WI . . . . . . . . . . . . . . . . 704 4 Fargo, ND . . . . . . . . . . . . . . . . . . . . . 703 9 Wausau, WI . . . . . . . . . . . . . . . . . . . 704 5 Madison, WI . . . . . . . . . . . . . . . . . . 702 10 Bottom 10 Cities by Lowest Credit Score Greenwood, MS . . . . . . . . . . . . . . 622 1 Monroe, LA . . . . . . . . . . . . . . . . . . . 639 6 Albany, GA . . . . . . . . . . . . . . . . . . . . 624 2 Alexandria, LA . . . . . . . . . . . . . . . . 639 7 Harlingen, TX . . . . . . . . . . . . . . . . . 631 3 Bakersfield, CA . . . . . . . . . . . . . . . 639 8 Riverside, CA . . . . . . . . . . . . . . . . . 632 4 Corpus Christi, TX . . . . . . . . . . . . 639 9 Laredo, TX . . . . . . . . . . . . . . . . . . . . 635 5 Shreveport, LA . . . . . . . . . . . . . . . . 640 10 Generational Insights Silent Generation Baby Boomers Generation X Generation Y VantageScore 730 700 655 634 631 Number of credit cards 1.91 2.93 2.56 2.02 1.29 Average balance on credit cards $3,780 $6,889 $6,866 $3,542 $1,682 Revolving utilization 16 29 37 36 36 Average debt $32,757 $42,628 $42,412 $32,698 $14,446 Average number of 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, WI The city increased its average score from 699 to 702 (0.46%), knocking Cedar Rapids, Iowa, out of the top rankings. LAS VEGAS, NV Las Vegans increased their average score from 636 to 645 (1.41%). Las Vegas climbed out of the bottom 10 this year, moving up 10 spots from its 2015 ranking. Utilization rates remained consistent at 30 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, visit www.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.

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Page 1: 16-EXP-14117 2016 State of Credit Infographic F · PDF fileexplores how the nation is faring when it comes to credit management. ... 708 7 Sioux Falls, SD ... check their credit report

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.