Attention all Phoenicians: please step away from the plastic.
Phoenix residents rank low compared to others in major U.S. cities at managing money, according to a recent CreditCards.com study. The survey looked at the average credit score in the 25 largest U.S. metro areas and found we are the 10th worst in the U.S. at controlling our cash.
CreditCards.com generated an expected credit score by local income, age, unemployment and education data to compare the findings to. The study found the average Phoenix-area resident’s credit score is 2 points lower than expected. Los Angeles came out on top of the list, while Baltimore was dead last.
"Good credit has a lot more to do with discipline than income," said Matt Schulz, CreditCards.com's senior industry analyst. "Use technology to your advantage: review your account information at least once a week and your credit report at least once a month to catch errors and avoid late payments. It's an easy habit to establish, especially considering how much time we spend on our phones checking Facebook and playing Pokémon Go."
Check out how all of the cities ranked below: