Jason Steele
People have different credit scores, depending on how they manage their money. But did you know that credit ratings vary dramatically from city to city?
That is the conclusion reached in a new report from Experian, one of the largest credit agencies. They took a sampling of their VantageScores and issued a report indicating the cities where people have the best, and worst credit. Their results may surprise you.
Cities with the Best & Worst Credit Scores
It turns out that Wausau, a city of 36,000 in central Wisconsin, has the highest average VantageScore in the United States at 789. In fact, the Midwest was over represented, with eight cities in the nationwide top 10.
Banks continue to compete against each other in an effort to attract customers with the best credit scores. In fact, credit card companies use sign-up bonuses to entice you to apply for their credit cards. A sign-up bonus consists of points or miles awarded after the first purchase, or awarded after a modest amount of spending in the first three months after signing up for the card.
There is nothing inherently wrong with the idea of a savings account, yet extremely low interest rates make them very unattractive. With rates hovering at around 1%, any money you put into a savings account will be only be growing at the most glacial rate.
The prospect of free travel is so alluring that an entire industry has sprung up around collecting frequent flyer miles. Hotels, rental car agencies, and of course credit cards all offer enticing programs.
Rebuilding your credit history when you have bad credit can be frustrating. You can’t get a credit card without a decent credit score, and conversely, you can’t improve your score without opening new accounts.
Back when I lived in a 