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IRVINE, Calif., April 7 /PRNewswire/ -- Experian Consumer
Direct(SM), the leading provider of online direct-to-consumer credit
reports and products,today announced the average consumer credit scores
for 20 major U.S. metropolitan areas according to its National Score
Index. Additional
information about credit scores, including other area scores, can be
found on Experian's National Score Index site at http://www.NationalScore.com.
Metropolitan Areas Credit Scores
Minneapolis 707
Boston 705
Washington, D.C. 693
Seattle 691
Cleveland 690
Philadelphia 688
New York 688
San Francisco 686
Chicago 680
Sacramento 676
Denver 675
Tampa 675
Detroit 675
Miami 672
Orlando 671
Atlanta 670
Los Angeles 667
Phoenix 660
Houston 655
Dallas 653
"The average credit score for the U.S. is 678, so residents in
the
Minneapolis and Boston areas are doing a far better job of managing
their
credit compared to the rest of the nation," said Charles Chung,
vice president
of consulting and analytics for Experian. "These residents typically
have
high credit debt, but use that credit wisely. They also have fewer late
payments and don't max out their credit cards."
The credit scores were compiled from the Experian National Score Index
which is based upon a nationwide sampling of three million consumer
profiles.
The Index is formulated using Experian's consumer credit score model,
called
the PLUS Score. Experian's PLUS Score is a numeric representation of
financial behavior, based on information found in a credit report. It
can
range from 330 to 830 with a higher score indicating a lower credit
risk.
"The National Score Index gives consumers a gauge to help them
understand
how creditworthy they are relative to other American consumers,"
said Ed
Ojdana, president of Experian Consumer Direct. "Consumers can learn
how their
geographic region measures up against other regions of the country,
and how
their credit score affects their ability to obtain the best interest
rates and
most beneficial loan terms."
More information and tips on how to better manage your credit score
can be
found on the Experian National Score Index site at http://www.NationalScore.com.
About Experian Consumer Direct
Experian Consumer Direct(SM) delivers the Internet's premier credit
products and services to help consumers better manage their financial
lives.
Its three-bureau report provides consumers instant access to their complete
credit history from their Experian, Equifax and TransUnion files. Experian
Consumer Direct's Internet sites include FreeCreditReport.com,
ConsumerInfo.com, CreditExpert.com and CreditMatters.com. The company
delivered more than 2.7 million credit scores in 2003 and currently,
more than
1.6 million members belong to its credit monitoring service. Experian
Consumer
Direct has established integrated co-branded partnerships with Yahoo!,
Microsoft, EarthLink, LendingTree, Quicken, E-LOAN, and E*TRADE Group.
The
company is part of GUS plc (London Stock Exchange: GUS.L).
For further information, please contact: Heather Greer of Experian
Consumer Direct, +1-714-830-7756, heather.greer@experian.com
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