TYLER, TX (KLTV) - The City of Tyler has one of the worst credit scores in the nation. That's according to the credit information group, Experian, who revealed a list of American cities with the highest and lowest credit scores.
Midwestern cities top the list with the highest scores while cities in the south are at the bottom of the list.
"Well, I was surprised," said Glydel Corzine, with Consumer Credit Counseling Service.
A surprising score, Corzine says there is no one factor that determines a consumer's credit score.
"They are going to look at the different types of credit you have, the length of time you've had your credit, how you've made your payments, if you've made your payments on time," said Corzine. "Slow pay is something that will bring your score down."
A rating scale developed by three credit groups uses a 501 to 990 scoring range with 501 being the lowest score.
The city with the lowest credit score Harlingen, Texas with a score of 684. Other Texas cities in the bottom 10 are Corpus Christi, El Paso and Tyler with a credit score of 709.
"It definitely would be one you would want to improve," said Corzine.
In need of improvement, financial experts in Tyler say there are several factors that could be effecting our low score like a growing segment of the population that deals mainly in cash.
"In order to have a credit score, you have to buy on credit," said Corzine.
Corzine says other factors could be large businesses that have recently closed prompting people to pay their bills late. She says many East Texans are over-extended, meaning they have too much credit card debt.
So check your credit report and be aware of where you stand.
If you want to see a complete list of the cities with the highest and lowest credit scores, click here.