What state has the lowest average credit score?

Asked by: Keyon Kuvalis  |  Last update: January 15, 2023
Score: 4.7/5 (53 votes)

Mississippi has the lowest average credit score at 681. The rest of the top 10 states with the highest average credit score are: Vermont (736), Wisconsin (735), New Hampshire (734), Washington (734), North Dakota (733), South Dakota (733), Massachusetts (732), Nebraska (731), and Oregon (731).

What is the lowest average credit score?

The FICO model of credit scoring puts credit scores into five categories:
  • Very poor: 300-579.
  • Poor: 580-669.
  • Fair: 601-660.
  • Good: 670-739.
  • Very good: 740-799.
  • Exceptional: 800-850.

Who has the lowest credit score?

1. Mississippi—662. Mississippi has had the lowest credit score in America since July 2020.

What city has the worst average credit score?

Credit scores vary from city to city. These cities had the best and worst credit scores in 2021.
Here are the cities with the lowest average credit scores.
  • Columbia, South Carolina. ...
  • Corpus Christi, Texas (tied) ...
  • Detroit, Michigan (tied) ...
  • Washington, D.C. ...
  • Killeen, Texas.

What's the average American credit score?

Highlights: Credit scores are three-digit numbers that show an important piece of your financial history. Credit scores help lenders decide whether to grant you credit. The average credit score in the United States is 698, based on VantageScore® data from February 2021.

What is the Average Credit Score by State?

22 related questions found

What is the lowest credit score to buy a car?

There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.

Where do good credit people live?

The top five cities with the highest median credit scores were, according to WalletHub: The Villages, Florida (807) Sun City West, Arizona (789) Sun City Center, Florida (789)

What is the average credit score in Texas?

Key statistics. Texas' average credit score is 26th in the nation at 680. Texas' average household debt in 2019 is $45,290.

Whats the worst credit you can have?

The lower your score is on each model, the harder it will be for you to qualify for financing. For FICO, the lowest credit score range is 300 to 579; the lowest credit score range for VantageScore is 300 to 499.

Is a 900 credit score possible?

First of all, a 900 credit score isn't really possible. And just 1% of the population can achieve a credit score of 850, so there's a certain point where trying to get the highest possible credit score isn't realistic at all. Only a few credit score models have a credit score limit of 900 as is.

What FICO score is needed to buy a house?

What's A Good Credit Score To Buy A House? Generally speaking, you'll need a credit score of at least 620 in order to secure a loan to buy a house. That's the minimum credit score requirement most lenders have for a conventional loan.

What is a good credit score in Florida?

A credit score of 720 or more is considered prime—this means you're in good shape. Scores under 550 mean you could be turned down for a loan. Scores in the good-not-great range (550 to 720) might get you loan approval, but your interest rates will be higher than if you had a prime credit score.

What is the average credit score to buy a car?

What credit score is needed to buy a car? You will likely need a credit score of 500 or above to qualify for an auto loan. A credit score range of 780 or better typically gets you the best rates. There are two main factors lenders look at when approving an applicant for an auto loan.

Who has the highest credit score ever?

Pavelka, 56, has a credit score of 848 out of 850 and a letter he received from the credit bureau recently announced his rating 'ranks higher than 100 per cent of U.S. consumers. '

What is a perfect credit score 2021?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit.

Is 707 a Good credit score to buy a house?

A conventional mortgage is often best for those with a credit score of 700 or higher. (Generally, the credit score requirement is 620 and above.) Benefits of a conventional loan include: Buy a house with as little as a 3% down payment.

What is the average credit score in NYC?

NYC's average credit score is 673, but in neighborhoods with average credit scores below 630, black and hispanic New Yorkers accounted for 90 percent of the population.

What is the average credit score in Los Angeles?

Credit scores in the city, as well as income and debt there, are key indicators of that economic diversity. In Los Angeles, the average credit score of the 25 highest-scoring neighborhoods was 706 as of the second quarter (Q2) of 2019, according to Experian data—slightly higher than the national average of 703.

Is Creditkarma accurate?

The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. This means a couple of things: The scores we provide are actual credit scores pulled from two of the major consumer credit bureaus, not just estimates of your credit rating.

Can I get approved with a 540 credit score?

A 540 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.

Can I get a car with a 518 credit score?

Investors want to know that if they approve you for a car loan, you'll be able to pay it back in a timely manner. While not impossible, you will probably find it difficult to get a car loan with a credit score of 518, at least one that doesn't require collateral or a security deposit.

Does salary affect credit score?

Neither your salary nor your income factors directly into the calculation of your credit score. However, a loss of income that affects your ability to pay your bills on time could have an impact, because late and missed payments reported to the credit bureaus hurt your score.