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The residents of Greenville, S.C., are the best among America’s metro areas at keeping their spending within their means, according to a new study by online loan marketplace LendingTree.
The company based its score on a metro area’s residents non-housing debt balances as a percentage of their income, their mortgage balances as a percentage of income, use of revolving credit and average number of credit inquiries. It used data provided by its customers, as well as U.S. Census bureau data, to generate an overall score per metro area.
Source: AARP Money
Survey Says Greenville, S.C., Has The Country's Smartest Spenders