Community Corner
Ossining Among Lowest Credit Scores in Hudson Valley: Report
Website WalletHub crunched people's credit scores in more than 2,500 cities and towns in the United States to come up with best and worst.
When it comes to credit, we all need it but not all of us know what our scores are, much less the scores of our friends and neighbors.
Personal finance website WalletHub recently crunched the credit score numbers from more than 2,500 cities and towns throughout the United States to come up with a list of the communities with the best and worst credit scores for 2016. You can read their methodology by clicking here.
A good credit score, say 715 or higher, can help you obtain a favorable interest rate for a home or car loan, a credit card with a low interest rate or even a desirable apartment or rental property.
“But have you ever wondered how well your neighbors, your coworkers or perhaps your local Starbucks barista handle their finances?” WalletHub writes. “Are they as responsible — or irresponsible — as you when it comes to paying your bills or knowing when to keep your plastic in your pocket?”
Topping the list nationally is the retirement community The Villages in Florida with an average credit score of 779.51, followed by Sun City West, AZ, at 758.08 and Saratoga, CA, at 755.70. Rounding out the top five are Los Altos, CA, 754.12 and Sun City Center, FL, 753.05.
At the other end of the spectrum, the five communities with the worst credit scores are College Park, GA, 582.80; Forest Park, GA, 579.75; Harvey, IL, 573.61; and East St. Louis, IL, 571.41.
And the community with the worst credit score? Camden, NJ, at 565.62.
In the Hudson Valley, Scarsdale has the best score at 745.39, good for 14th nationally, followed by Bronxville, 730.75, or 78th nationally, and Yorktown Heights, 728.71, or tied for 98th nationally.
The community with the lowest score in the region? Mount Vernon at 630.80, good for (or bad for?) 2362nd place nationally.
The rest of the Hudson Valley’s scores, in order based on national rank:
113 – New City, 727.14
294 – Mamaroneck, 713.83
T-354 – Mahopac, 710.27
455 – Nanuet, 705.38
582 – White Plains, 699.72
725 – New Rochelle, 692.99
828 – Ossining, 688.97
1405 – Port Chester, 668.05
T-1600 – Spring Valley, 661.23
1637 – Yonkers, 659.99
T-1638 – Peekskill, 659.98
2362 – Mount Vernon, 630.80
Click here for the full list on the WalletHub website.
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