Waco ranks third of top ten cities with 'good credit scores'
UPDATED: Tuesday, December 4, 2012 - 8:07pm
Waco, Tx — The recession may have hit the U.S. by storm, but Central Texans aren't letting it stop them from having a noteworthy credit score.
According to a report conducted by Experian, Waco-Temple-Bryan ranks third on a list of ten U.S. cities with standout credit scores. The average credit score in Waco for this year is 715, according to the Waco Chamber of Commerce. The chamber attributes the good credit ratings to conservative spending, no state income tax, and a resilient economy in the state of Texas. Overall, it benefits everyone.
"People can get easier financing for mortgage loans, vehicles, personal property, and these sorts of things. Which, this makes for a nice, stable economy," said Lesly Rascoe, Vice-President of the Waco Chamber of Commerce.
Five other Texas cities also made it to the top ten list. The report was compiled looking at each area based on average debt, credit scores, and household incomes across the country.