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Old 10-26-2016, 04:36 AM
 
Location: The canyon (with my pistols and knife)
14,169 posts, read 22,579,875 times
Reputation: 17323

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Average credit rating by U.S. state

707 - Minnesota
700 - North Dakota
698 - Wisconsin
697 - South Dakota
694 - Massachusetts
692 - Nebraska
692 - New York
691 - Hawaii
691 - Pennsylvania
690 - New Hampshire

689 - Colorado
686 - Iowa
684 - Connecticut
684 - Montana
682 - Oregon
682 - Washington
680 - Idaho
679 - Illinois
679 - Ohio
679 - Virginia

678 - Michigan
678 - Utah
677 - California
677 - Vermont
674 - Alaska
674 - Arizona
674 - Kansas
674 - Missouri
672 - Rhode Island
671 - Maine

671 - New Jersey
671 - Wyoming
669 - Florida
667 - Maryland
666 - Indiana
666 - Tennessee
665 - Delaware
665 - District of Columbia
660 - North Carolina
660 - Oklahoma

660 - West Virginia
658 - Nevada
657 - Texas
656 - Alabama
656 - Kentucky
655 - South Carolina
653 - Arkansas
650 - Louisiana
648 - New Mexico
644 - Georgia

642 - Mississippi

(Data courtesy of Value Penguin.)
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Old 10-26-2016, 08:19 AM
 
1,349 posts, read 1,690,515 times
Reputation: 2391
Yet another list dominated by Minny.
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Old 10-26-2016, 10:17 AM
 
3,733 posts, read 2,843,733 times
Reputation: 4903
Interesting list. Some of these are surprising, others, not so much. It's interesting to see factual information. It looks like parts of the Midwest do pretty well. I'm surprised by Hawaii's high rating, as it's so expensive there. I guess to live there, you have to have money, in the first place.
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Old 10-26-2016, 10:26 AM
 
1,851 posts, read 2,148,938 times
Reputation: 1283
707 - Minnesota
700 - North Dakota
698 - Wisconsin
697 - South Dakota
694 - Massachusetts
692 - Nebraska
692 - New York
691 - Hawaii
691 - Pennsylvania
690 - New Hampshire

689 - Colorado
686 - Iowa
684 - Connecticut
684 - Montana
682 - Oregon
682 - Washington
680 - Idaho
679 - Illinois
679 - Ohio
679 - Virginia

678 - Michigan
678 - Utah
677 - California
677 - Vermont
674 - Alaska
674 - Arizona
674 - Kansas
674 - Missouri
672 - Rhode Island
671 - Maine

671 - New Jersey
671 - Wyoming
669 - Florida
667 - Maryland
666 - Indiana
666 - Tennessee
665 - Delaware
665 - District of Columbia
660 - North Carolina
660 - Oklahoma

660 - West Virginia
658 - Nevada
657 - Texas
656 - Alabama
656 - Kentucky
655 - South Carolina
653 - Arkansas
650 - Louisiana
648 - New Mexico
644 - Georgia

642 - Mississippi

Lots of surprises in there.
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Old 10-26-2016, 11:11 AM
 
7 posts, read 9,546 times
Reputation: 17
Quote:
Originally Posted by Enean View Post
Interesting list. Some of these are surprising, others, not so much. It's interesting to see factual information. It looks like parts of the Midwest do pretty well. I'm surprised by Hawaii's high rating, as it's so expensive there. I guess to live there, you have to have money, in the first place.
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
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Old 10-26-2016, 11:14 AM
 
1,851 posts, read 2,148,938 times
Reputation: 1283
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
This is true. Debt to GDP ratio gives a better picture of a states' financial well-being. I'm still shocked by where TX and GA rank.
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Old 10-26-2016, 02:42 PM
 
Location: The canyon (with my pistols and knife)
14,169 posts, read 22,579,875 times
Reputation: 17323
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
That's true, but it is an indication of fiscal discipline, which too many people lack, quite frankly. A middle-class person with little personal debt is more trustworthy than an overextended upper-middle-class person.

As for the list, Colorado, Virginia, Utah, New Jersey, Texas and Georgia all ranked lower than I thought they would, and Wisconsin, Hawaii, Pennsylvania, Missouri, Tennessee and West Virginia all ranked higher than I thought they would.


Quote:
Originally Posted by IrishIllini View Post
This is true. Debt to GDP ratio gives a better picture of a states' financial well-being. I'm still shocked by where TX and GA rank.
I figured Georgia would be in the lower-middle quintile, not second-worst.
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Old 10-26-2016, 02:48 PM
 
3,733 posts, read 2,843,733 times
Reputation: 4903
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
Thanks, but you don't need to tell me what a credit rating is.
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Old 10-26-2016, 02:55 PM
 
3,398 posts, read 5,082,930 times
Reputation: 2422
https://www.valuepenguin.com/average-credit-score

Group
Average Credit Score of Home Buyer & % of Borrowers with Score < 620
Asian 745 2.60%
Black or African American 677 21.30%
Hispanic white 701 11.20%
Non-Hispanic White 734 5.40%
All others 732 6.30%
U.S. Average 728 6.80%
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Old 10-26-2016, 03:09 PM
 
345 posts, read 525,977 times
Reputation: 283
Texas is grouped with the southern states wow
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