Credit Site: Reno Is The Most Debt-Ridden City In America

By: Staff Email
By: Staff Email

RENO, NV - The Biggest Little City in the World is also the most in-debt city in America.

Reno, Nev., holds the title of having the highest average debt load per person, with the average resident holding $27,320 in non-mortgage debt.

That's according to Experian, which released its annual State of Credit report last week. The report, which ranks the major U.S. cities by their credit scores, also tracks such statistics as average late payments per year and average debt load per person. And in that latter category, Reno edges out Columbus, Ga. and Baltimore, Md. for the top spot. The national average debt load is $24,890.

Interestingly, average debt load doesn't correlate much with credit score. Reno's average credit score is only slightly below average, for instance -- 740, compared with the national average of 750. And Seattle, which has the seventh highest debt load, has an excellent 776 score. On the other end of the spectrum, the city with the lowest average debt is La Crosse, Wisc., which also boasts a top-10 credit score. Still, the runner-up is Palm Springs, Calif., which has a below-average credit score of 742.


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