Dallas has the worst credit score in the country
Yes, we have officially done it! According to Experian, Dallas has the worst credit of any city in the country. 650.More per capita foreclosures and bankruptcies than any other major city. And who can blame us? You see, we are a town that likes things big, new, and no money down. Come join in the party. But what will happen when the interest rates change, or the maxed-out credit comes due?
Free credit counseling is available now from the City of Dallas.
(Story reported July 26 on CBS-11 news.)
Another good story - apparently job growth in housing has fueled the new housing boom and "creative loans"... uh.... now it's stalling...
posted by Jason English @ 10:17 PM
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