Sunday, February 23, 2014

Credit-score tips for Arizonans working to ease debt

 

Arizonans made some important strides in getting out of debt last year, which likely improved the credit scores of tens of thousands of people around the state.

As an example, bankruptcy filings were running 19 percent lower through the first 11 months of 2013, reported the U.S. Bankruptcy Court in Phoenix, which hasn’t yet released numbers for December.

Also, fewer homeowners were delinquent on mortgages; Arizona showed one of the biggest improvements nationally in this measure. One year earlier, 5.1 percent of homeowners here were 60 or more days past due. That’s now down to 3.3 percent, said credit-researcher TransUnion.

Read more...Credit-score tips for Arizonans working to ease debt

Reuters: Financial Services and Real Estate

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