Consumers with Bad Credit Could Benefit From Tennessee Bankruptcy

A pair of studies released this month look at characteristics that may predict our credit scores - from the region in which we reside to the e-mail address we use.

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Findings by free credit score service Credit Karma indicate G-mail users seem to have better credit than Yahoo users. Regionally, plains residents tend to have higher credit scores than those who live in the south or west, according to

While it's certainly interesting information, it's also a bit misleading. Credit scores are ultimately determined by behavior, not the e-mail server you use. A history of timely payments, the amount you pay each month, and how much debt you carry relative to your credit limit are some of the biggest components of your score.

Likewise, bankruptcy is also a behavior that affects your credit score. But while some folks believe bankruptcy ruins credit, the reality is that by the time you file for a Tennessee bankruptcy, chances are your credit history is about as tarnished as it gets. Consumers who have spent years making minimum payments, missing due dates, and doing battle with creditors are not going to have very good scores.

By filing for bankruptcy in Tennessee, these consumers can break free of the credit card cycle so that, when their behavior improves, their score is finally able to rise. After all, bankruptcy laws were designed with the consumer in mind.

Let's take a look at some factors behind the best and worst credit card scores, according to the surveys. Keep in mind that credit scores range from 501 to 900, with a higher number indicating a better score.

E-mail Users' Credit Scores (data from Credit Karma)

Yahoo: 641
AOL: 658
Hotmail: 660
MSN: 662
Gmail: 678
Comcast: 686
BellSouth: 695

Now let's take a look at how location relates to credit.

Top Cities with Highest Average Credit Scores (data from Experian via

Wausalu, WI: 789
Minneapolis, MN: 787
Madison, WI: 785
Cedar Rapids, IA: 781
San Francisco, CA: 781
Green Bay, WI: 780
Boston, MA: 779
Peoria, IL: 778
Sioux Falls, ND: 778
La Crosse, WI: 777

Top Cities with Lowest Average Credit Scores

Harlingen, TX: 686
Jackson, MS: 701
Corpus Christi, TX: 702
Monroe, LA: 706
Shreveport, LA: 706
Augusta, GA: 709
Bakersfield, CA: 709
Las Vegas, NV: 709
Tyler, TX: 710
El Paso, TX: 710

The good news is that, regardless of where you live, what you do for work, or where your e-mail goes, you have the ability to fix your credit. If you've spent years with a poor credit score caused by debt problems, you may want to consider a Tennessee bankruptcy. Bankruptcy can offer a chance to shed your old debts for a fresh start.

If you think you may be a candidate for bankruptcy, there's an easy way to find out. Consulting with a Tennessee bankruptcy lawyer doesn't cost a dime and provides you with a professional assessment that will help you make the right financial decision in the short term and the long term.

Whether or not you end up filing for bankruptcy, you can rest easy knowing you made the most well-informed decision possible.

To speak with a Tennessee bankruptcy attorney, call the DebtStoppers Bankruptcy Law Firm at 800-440-7235 today for a free personal debt analysis. Call 800-440-7235.

More Blog Entries:

Real Estate Data Shows Tennessee Foreclosures on the Rise in Nashville, Memphis Areas: January 23, 2012

Chapter 13 Can Help Tennessee Homeowners Thinking of Walking Away from Mortgage: January 17, 2012

Additional Resources:

Good Graph Friday: What you e-mail address says about you, by Allison Linn,

Midwest is best, when it comes to credit scores, by Allison Linn,

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