714 is typical Californian’s credit score. How does that rank?

Californians on average have good credit scores To compare California s bill-paying habits with those of other states my trusty spreadsheet analyzed two rankings of credit scores These are the curious grades which bankers use to estimate their chances of being repaid by borrowers result how well a consumer settles their debts When we averaged state results from two leading bureaus FICO and VantageScore we discovered the typical Californian had a credit number of last year If you didn t know credit scores run from a high of to a low of and according to credit bureau Experian a points is within the good range Lenders view consumers with scores in the good range as acceptable borrowers and may offer them a variety of credit products though not necessarily at the lowest-available interest rates Experian explained in a guide to credit scores California s tally was equal to the national median and ranked th best among the states and the District of Columbia The highest credit scores were detected in Minnesota at followed by New Hampshire and Vermont both at Wisconsin at and Washington at Mississippi has the lowest credit scores at followed by Louisiana at Alabama at and Texas at By the way Florida was No at Jonathan Lansner is the business columnist for the Southern California News Group He can be reached at jlansner scng com Related Articles Top home deals the week of April in Saratoga Which Milpitas homes had the best prices the week of April Massive housing maturation breaks ground in North San Jose at site of former Japanese-American farm Which Los Gatos homes had the best prices the week of April Single-family residence in San Jose sells for million