Increasing your credit score is crucial for getting better financial opportunities in the future. To highlight the places where people are improving their credit standing the most and the areas where residents are struggling, the personal-finance company WalletHub today released its report on the Cities With the Largest Credit Score Increases. You can check out some key findings below.
For the full report and to see where your city ranks, please visit:
https://wallethub.com/edu/
“Having a credit card and making on-time payments every month is the easiest way to build a good credit score. You should also aim to use less than 30% of your credit limit at a time, and pay off your entire balance each month if you’re able to. In addition, it’s worth noting that you can build credit just by having a credit card open, even if you don’t make purchases on it, though actively using your card helps your score increase more quickly.”
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“Indianapolis, IN, residents had the largest average credit score increase in the past year, at around 3%, going from a score of 595 to a score of 613, bringing the average score significantly closer to the fair credit range marking a meaningful step forward.”
- John Kiernan, WalletHub Editor
More From WalletHub
| Largest Increases | Smallest Increases |
| 1. Indianapolis, IN 2. Chula Vista, CA 3. San Bernardino, CA 4. Detroit, MI 5. Baltimore, MD 6. Milwaukee, WI 7. Spokane, WA 8. Anchorage, AK 9. Pittsburgh, PA 10. Birmingham, AL | 91. Santa Ana, CA 92. Winston-Salem, NC 93. Jacksonville, FL 94. Glendale, AZ 95. Orlando, FL 96. Baton Rouge, LA 97. North Las Vegas, NV 98. Durham, NC 99. Boston, MA 100. St. Louis, MO |
For the full report and to see where your city ranks, please visit:
https://wallethub.com/edu/
“Having a credit card and making on-time payments every month is the easiest way to build a good credit score. You should also aim to use less than 30% of your credit limit at a time, and pay off your entire balance each month if you’re able to. In addition, it’s worth noting that you can build credit just by having a credit card open, even if you don’t make purchases on it, though actively using your card helps your score increase more quickly.”
—
“Indianapolis, IN, residents had the largest average credit score increase in the past year, at around 3%, going from a score of 595 to a score of 613, bringing the average score significantly closer to the fair credit range marking a meaningful step forward.”
- John Kiernan, WalletHub Editor
More From WalletHub
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