Small improvements indicate Americans taking steps toward better credit
News from Gonzales Inquirer:

(ARA) – When you’re struggling with thousands of dollars of debt, saving a few bucks here or there may seem like a drop in the bucket. Yet in financial terms, those drops add up, and can ultimately create a more positive overall picture. That seems to be the case for the country, as evidenced by a recent report on credit scores and credit habits among American consumers.

Experian’s third annual State of Credit report, which analyzes the average VantageScore (an industry-leading consumer credit risk score with scores ranging from 501 to 990, with higher scores representing a lower likelihood of risk), debt levels and credit use of people living in more than 100 U.S. cities, found that in the past year:

* Americans’ average credit scores edged upward for the second consecutive year.

* Average debt decreased slightly.

* Income rose by nearly one and a quarter percent.

* Foreclosures fell by 12.59 percent.

* Among the 10 cities with the highest credit scores, eight had improved average scores over last year. Among the 10 cities with the lowest average scores, seven also improved their credit scores.

The cities with…………… continues on Gonzales Inquirer

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