The average credit scores of Las Vegas Residents is roughly around 640.
That’s not exactly wonderful, but it’s not entirely something to be upset about.
Credit score strength is often a heavy indicator of a person’s buying power, especially when it comes qualifying for a mortgage.
The website WalletHub.com often publishes reports of states’ and cities average credit scores, using data from TransUnion’s credit measurement standards.
Credit scores scare a lot of people. It’s become an unfortunate stigma that we use to define a person’s business sense or economic acumen.
It’s rarely the case that a person with bad credit is financially illiterate.
Usually, it’s a sign that the person was in some unplanned financial emergency. That was a very common thing here during the recession, and many people suffered dearly from poor timing, bad advice, and some strange happenings on Wall Street.
Century 21 Gavish Real Estate has pushed hard to help those with less than stellar credit land a house here in Las Vegas.
We hosted an array first-time buyer programs that helped people navigate where to find low down payment mortgages and also created a system for negotiating short sales with banks, where we helped many citizens escape those untimely financial issues.
Overall, it’s not easy to manage credit. And, it’s become way too critical a determination of a person’s financial wherewithal.
Century 21 Gavish Real Estate has pushed hard to help those with less than stellar credit land a house here in Las Vegas
Contemporary credit scores don’t take into account a person’s personal issues, it simply applies for a number and offers no nuance, no consideration for years of good credit, only a black mark for a single instance of accidental impropriety.
So, if you fall into this average credit score range for Las Vegas citizens, don’t fret. Do what you can to change things and rest assured that if you want to begin the process of finding a home, Century 21 Gavish Real Estate is here for you.