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Credit scores across America

Credit Scores Across America How Does Your Score Stack Up? Your credit score is an important measure of your financial health-and knowing how you compare with the rest of the country can give you a motivational push to keep it growing. Think of it as a keeping up with the Joneses exercise .. for your credit. The Credit Score Top 10 List When it comes to sky-high FICO® and VantageScore numbers-the two most popular types of scores lenders use-the Midwest makes a strong showing. 666 National average VantageScore 713 National median FICO® score 2 9. 8 10 10 States With the Highest 10 Cities With the Highest Average VantageScore Median FICO Scores 1 Minnesota 745 Mankato, Minn. 706 2 North Dakota 745 Rochester, Minn. 703 3 South Dakota 744 Minneapolis 702 4 Wisconsin 743 Duluth, Minn. 699 5 Vermont 741 Fargo, N.D. 699 6 Nebraska 738 Wausau, Wis. 699 Maine 737 Green Bay, Wis. 698 8 New Hampshire 737 Sioux Falls, S.D. 697 9 lowa 736 Cedar Rapids, lowa 697 10 Connecticut 735 La Crosse, Wis. 696 A credit pro weighs in on the findings... "We don't have hard data on causality, but the Midwest and Northeast tend to have more stable populations, higher rates of employment and more robust wages. And because those regions' residents tend to be better savers, they're well equipped to weather credit-score storms, such as losing a job. They're also likely to pay their bills on time, carry smaller balances and have lower credit utilization-all of which play into your score." Rod Griffin, director of public education, Experian Sources: All FICO data:, "Interactive Credit Score Map: Median FICO Score 8 by State," April 2015. All VantageScore data:, "State of Credit 2014-Experian's Fifth Annual Credit Study" By the way, big cities don't necessarily mean better credit scores, given these average VantageScores ... Los Angeles 660 New York Philadelphia Chicago Houston 680 671 670 651 Sources: U.S. Census Bureau, Population Division, July 1, 2013;, "State of Credit 2014-Experian's Fifth Annual Credit Study" The Country's (Credit) State of the Union We drill down to see how different segments of the population are faring when it comes to managing their credit. For starters, the average number of credit cards by generation is ... And the older people get, the higher their average credit score tends to be ... -2.13 2.66 Aged 25-34 credit score 1.57 628.46 Aged 45-54 credit score 646.53 Millennials Gen X Baby Boomers Aged 55+ credit score 696.57 Source:, "Live Credit Smart 2013– A Glimpse at Generations Across the Nation" Source: Credit Trends data as of May 20, 2015, based on VantageScores It's an even (credit) battle of the sexes-with women just edging out men. Women by the Numbers Men by the Numbers Average Credit Score: 675 Average Credit Utilization Average Credit Score: 674 Rate: 30% Average Credit Utilization Average Debt: $25,095 Rate: 31% Average Debt: $26,227 Of course, all of these stats won't mean a thing if you don't know your own score! So aim to keep up with the 46% of credit-savvy Joneses who've checked their credit score in the past year-and the 23% who review their credit report annually. Source:, "The Great Credit Divide: Men vs. Women," May 2013, based on VantageScores Sponsored by CHASE O Source: Bankrate Money Pulse survey, April 2015 SLATE LV LEARNVEST LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Unless specifically identified as such, the individuals interviewed or quoted in this piece are neither clients, employees nor affiliates of LearnVest Planning Services, and the views expressed are their own. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other's products, services or policies.

Credit scores across America

shared by nikkidavis on Jun 30
Your credit score is an important measure of your financial health—and knowing how you compare with the rest of the country can give you a motivational push to keep it growing. Think of it as a keep...





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