Phoenix residents have some of the worst credits in the US – but a Valley suburb is among the best

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The residents of Phoenix, as a collective, have bad credit – one of the worst in the United States, according to a new study.

In a report published Tuesday by WalletHubPhoenix ranks in the 14th percentile for credit among cities of 300,000 or more. Conversely, Sun City West ranks in the 99th percentile for the superior credit of its residents.

WalletHub analysts took a snapshot of the average credit scores of residents of 2,434 US cities in October 2016 and compared them. The average credit score in Phoenix at that time was 641, according to the report. Sun City West’s average score was 756.

5 Ways To Boost Your Credit Score In 2017

The average American has a credit score of 669, according to the report.

According to credit.com, an excellent credit score is considered 750 and above, good credit is 700-749, fair credit 650-699, bad credit 600-649, and bad credit below 600.

In Phoenix, about 28% of residents had excellent credit and about 26% of residents had bad credit. The median income in the city is $ 29,643, but the average debt per person is $ 23,762.

4 tips to improve your credit

WalletHub offers these and other tips to improve your credit score.

• Learn Your Credit Score: There is no way to know if you are improving if you don’t know where to start. Check your score with free online credit score sites.

• Check your credit report for errors: One in five reports contains an error, according to the WalletHub website. Challenge the errors found to quickly earn points.

• Positive information flow: Consistent positive information for your credit report is necessary to establish a balance sheet of financial responsibility or lessen the importance of past mistakes. One easy way to do this is to open a secure credit card.

• Don’t show desperation: don’t apply for credit cards too often, and make sure you don’t use up all the credit available to you.

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