The Finch Formerly Known As Gold

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


I do find an almost Beavis'ish glee in discovering the Experian analyst you quoted is named "Arlene Dang" ...... kinda sums up my "score" :)

Posted by: Ron at 8:07 AM on 21 April 2005

I hadn't thought of the immigrant angle. That might explain why rapidly expanding Seattle hasn't been hit like Houston, Dallas, and Phoenix have.

Posted by: R. Alex at 11:07 AM on 21 April 2005