Top 10 States With the Best Credit Scores

  • Posted on: 21 Dec 2022

  • What is a good credit score?

    Best Credit scores can be found between 300 and 850, with the 10 states containing counties scoring 690 or higher comfortably in this range. Good employers prefer to hire people who have better finances because they know that those individuals will pay off their loans on time every month - giving them more money for spending!

    In the Midwest, you're more likely to have a good credit score. Of 10 states with highest average scores in this region, six are located at its heart - namely Montana and Hawaii from where it's Called "The Heartland." The low rates of debt delinquency also puts lower chances on debts that may be past due or possibly even being collections by creditors!

    List of 10 States With the Best Credit Scores

    10. Montana: 688.4

    The Montanans are doing well when it comes to their finances. The average credit score in the state is still high enough for them, making loans and affordable borrowing easier than most other places around America where people who don't have perfect scores can't get financing at all! Fewer residents here (just 30 percent) owe money on past due accounts or that's been collected by creditors; 8% less than nationally so there isn’t much debt collectors chasing after anyone with an outstanding balance.

    9. Hawaii: 689.7

    With an average credit card balance of $5,337 nationwide but only 409 more in Hawaii residents pay off their balances every month.

    Hawaiian people love to spend and they're great at it! The island state has some stiff competition when borrowing on plastic—Americans with good ratings can expect interest rates around 14%, while those from paradise have considerably higher numbers: 21%. Despite this advantage though; the locals still managed over 11% better than other states at keeping up during Q4 2021 by getting down payments ready as soon as possible.

    8. Iowa: 690.2

    Iowans have some of the best credit scores in America, and they're all because of one thing: paying your debts on time. Only three out ten Iowans (30%) has any past due or delinquent loans; that's less than half as compared to those living outside our great state! Plus we rank first when it comes down how much debt people carry- only at an average $4386 per person--which is pretty damn impressive considering where TransUnion says most other states are about 20% higher across their respective averages.

    7. Nebraska: 690.7

    In Nebraska, residents are less likely than most Americans to have debts past due. Just 28% of the state's population has outstanding debt and only 1 in 4 ratepayers can be considered mortgage delinquents compared to 2/3 nationally! Additionally this means that Nebraskans take care more so their mortgages will go smoothly while others struggle with credit card balances or even just trying not miss monthly payment on time like clockwork every single month until something changes which hopefully it never.

    Nebraskaites living within its borders appear relatively blessed by comparison when looking at how they stack up against other states ? both good (low rates) and bad(high poverty).

    6. New Jersey: 693

    You may think that you're living paycheck-to-paycheck but with the median household income in New Jersey at $65,243 there's more room on your budget for debt payments and responsibly managing credit. delinquency rates across all debts including car loans, personal loans or card purchases are below average too which means it is easier than most states to keep up without sacrificing stability of monthly finances due as well as security during an economic downturn.

    The high incomes combined with a lower incidence rate mean residents have less concern about keeping up because they don't need worry so much when things get tough over here.

    5. Vermont: 693.4

    Vermont borrowers have achieved a rare victory in the war against Credit Scores. With fewer residents facing delinquent debts, it's easier for them to keep credit scores healthy and well within prime range of an excellent rating.

    - Fewer Vermont citizens are struggling with past due or otherwise bad debt on their reporting leading up until now; 28% less than what was seen five years ago when there were nearly 50%.

    4. South Dakota: 694.3

    The average South Dakotan has a credit score that's almost two points higher than the national median, meaning they're better at managing their own finances. What this also shows is how important paying on time can be - in this state only 0.95% of car loans are delinquent after 60 days when compared to 1 out often nationally (or 24%).

    3. Wisconsin: 695.8

    For those living in Wisconsin, it's easy to keep your credit card debts managed with a mortgage-qualifying loan. The average balance is $4,589 which is 768 dollars less than what the national average for all other states combined at 6% Freeze Bad Credit? Think Again! Who doesn't want an edge on their competition when applying for loans or mortgages - even if they only have mediocre scores? Get ready because we'll show how this little detail has been holding people back from achieving home ownership despite having good income and low unemployment rates across major cities like Madison (2%).

    2. North Dakota: 696.5

    North Dakota residents know how to take care of their financial responsibilities. North Dakota has some of the lowest delinquency rates for mortgages and other debts, earning it a spot as one unique state in America that can handle its own finances responsibly!

    1. Minnesota: 704

    Minnesota's average credit score is most squarely in the range of "good," with only Mankato taking a spot above 700. In fact, all four cities for which Experian reported an average have 701 or higher scores and Minneapolis-St Paul topping at 706 - not exactly excellent but still very good! Minnesota's strong economy and low average debt balances are a result of responsible Minnesotans.

    MinnPost reports that with an income median at $67244, they can afford more loans - yet it is uncommon for residents in this state to rack up credit card debts or mortgages exceeding their monthly house payment. When people do have trouble making payments on any type of loan though there tends be another outcome: sixty-percent less than other states like North Dakota where over three quarters (76%) percent has past due.

    Hire Credit Repair Company to Improve your credit score

    If your credit score is low, you might not be able to get a credit card or loan. You may even have trouble renting an apartment or getting accepted into graduate school. It might be hard to find a job, but it’s not the end of the world.

    Credit repair company can help with these issues by correcting errors on your report and improving your score. They also offer education on how to manage credit responsibly and prevent future issues.

    Call on (888) 803-7889 & Fix your Credit Score now!