20 April 2005
The 700 club
R. Alex turned up this list of average credit ratings in the top 20 US cities, and he's scratching around for a reason why Minneapolis debtors score 50 points higher than their counterparts in Dallas. "Late payments," says an Experian analyst, but why would there be such a substantial difference in payment history at the opposite ends of I-35? The bottom three Dallas, Houston, and Phoenix have lots of Latinos, not all of whom are here legally, but surely that isn't the primary factor.
(No, I haven't looked at my score since I bought the house, and I don't remember what it was then, although I'm sure it wasn't over 700.)Posted at 8:34 PM to Common Cents