A new report from Experian shows that Texas dominates their list of cities with the lowest average credit scores. Three South Texas towns were in the top 10 - El Paso, Corpus Christi and Harlingen.
It isn’t all bad news, however. Credit scores in the U.S. are improving overall and many borrowers are getting better at paying their bills on time, a major factor in credit scoring. If you want to take a look at where your credit score currently stands, check out your Credit Report Card.
The group discount company is rebranding itself as a mobile payments provider as Groupon announced this week that it’s now supplying small business owners with an app that allows them to swipe credit cards for a small fee.
Groupon Payments, as the app has been named, is a direct competitor to Square and Paypal and is intended to help small business owners simplify their payment of swipe fees. Currently, Visa, MasterCard, American Express and Discover are all on board.
If you haven’t refinanced yet, you might want to now. The average interest rate on a 30-year fixed-rate mortgage dropped to 3.49% this week, according to Freddie Mac. That matches the previous record low set in July.
As QE3 begins, many economists expect mortgage rates to continue to stay near record lows, which will be a big break for consumers hoping to take advantage of the lower interest just as credit markets begin to open up again to less-prime borrowers.
Image: NS Newsflash, via Flickr