Credit scores are not sexy, but they can be useful in a variety of ways. Of course, they can tell you how credit worthy you are, but what about the averages for entire communities? There are some neat marketing uses for that data, plus the trends can tell us what direction economies are headed.
Of course, not all of the info involved is just the credit score. Looking into total debt, number of credit cards, total credit card debt all can help get a better picture of the economic health of communities. That is good info that any buyer, seller, investor or real estate entrepreneur can benefit from! In todays show, we will cover the best and worst of the average credit ratings for cities across the country. We will discuss what we can learn from it and how it might just help you in getting your home sold! It can also help buyers get an idea of where they stand compared to other borrowers in the same community.
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