POWELL BUTTE, OR – Two cities in central Oregon are putting together a new list of the state’s best and worst credit scores. The survey was conducted by EDU loan, a financial technology company specializing in student loan refinancing.
Mike Brown, research analyst at LendEDU, says Powell Butte ranked first in Oregon, with an average credit score of 753.
to do with the population – the demographics of the age who live there. He says older residents have had more time to improve their credit. “Usually, cities with high average credit scores experience high incomes, low unemployment, and defaults on mortgages and loans,” Brown told KBND News. “And, those are three things. which, when you’re trying to assess the economic stability of a place, city, or town, these are things you really want to look at. “
On the other end of the spectrum, Warm Springs came in last, with an average credit score of 581. LendEDU looked at 212 towns in Oregon with a population of over 1,000 and Brown said: one, two or three very good credit scores to raise the average; and on the contrary, some bad credit scores to lower the average. The sisters came in fifth; it was the only other local city in the top 10. Most cities in Oregon have credit scores above the national average of 673. Click HERE for the full list.
Ranking of cities in central Oregon:
1. Powell Butte, with an average score of 753
5. Sisters, with an average score of 741
65. Bend, with an average credit score of 707
123. Redmond, with an average score of 686
138. Prineville, with an average score of 684
189. La Pine, with an average score of 674
200. Madras, with an average score of 672
212. Warm Springs, with an average score of 581