The Ten American Cities With The Worst Credit Scores

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5. Shreveport, LA
> Avg. credit score: 706
> Unemployment: 6.7%
> Foreclosure rate: 1 in every 1,169
> Median household income: $35,219
> Avg. debt: $23,607

Shreveport’s average credit score of 706 is the fifth-lowest in the country. This is in part due to the city’s average late payment rate of 0.6 in 2011, which is one of the highest in the country. Shreveport has severe poverty issues, as evidenced by the city’s median household income of $35,219, or more than $15,000 lower than the national average.

4. Monroe, LA
> Avg. credit score: 706
> Unemployment: 10.2%
> Foreclosure rate: 1 in every 2,483
> Median household income: $29,158
> Avg. debt: $23,760

The average debt in Monroe, LA, is just $6,000 less than its median household income. Additionally, that income is significantly lower than the national average. Unemployment, too, is above average in the city. The good news for Monroe is that its average debt has fallen 5.5% since 2010 — one of the higher rates of decline in the country.

3. Corpus Christi, TX
> Avg. credit score: 702
> Unemployment: 8.2%
> Foreclosure rate: 1 in every 1,157
> Median household income: $42,694
> Avg. debt: $24,289

Corpus Christi, located on the southern part of the Texas Gulf Coast, has the third lowest average credit score in the country. While the number of average late payments dropped by 14% — one of the biggest decreases among U.S. cities — it still has one of the worst. While compared to some of the other cities on this list Corpus Christi’s median income of $42,594 may sound high, it is still nearly $10,000 less than the U.S. average.

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2. Jackson, MS
> Avg. credit score: 701
> Unemployment: 7.6%
> Foreclosure rate: 1 in every 1,357
> Median household income: $33,505
> Avg. debt: $25,588

Jackson is another southern city with an exceptionally low median household income and a high average debt. The average debt has increased 0.6% since 2010. Worse still, the average number of open credit cards has also increased, although only slightly.

1. Harlingen, TX
> Avg. credit score: 686
> Unemployment: 12.5%
> Foreclosure rate: 1 in every 676
> Median household income: $22,316
> Avg. debt: $25,074

Harlingen, Texas has the worst average credit score in the country, at just 686. It is this only city in the U.S. with an average score below 700. To illustrate how bad things are in the city, its average debt of $25,074, is actually higher than its abysmal median income of $22,316. Since 2008, the average debt in Harlingen has gone up 6.8%.