714 is the creditworthiness of the Californian. How does it rank? – The mercury news

The Californians have an average of “good” loan scores.

In order to compare Californian cheap habits with those of other countries, my trustworthy table analyzed two credit scores. These are the curious grades that bankers use to appreciate their chances of repaying borrowers how well a consumer begins their debts.

When we on average the results of two leading offices – Fico and Vantescore – we found that the typical Californian had a creditworthiness of 714 last year. If you didn't know, the loan scores are from one high from 850 to a low of 300 and, according to Credit Bureau Experian, there is a 714 number of points within the “good” area.

“Consumers with points in the good area consider the lenders to be” acceptable “borrowers and may offer them a variety of credit products, if not necessarily the lowest interest rates,” explained Experian in a guide to credit scores.

The score in California corresponded to the national median and took 24th place among the states and the District of Columbia.

The highest credit scores were found in Minnesota in 734, followed by New Hampshire and Vermont, both at 730, Wisconsin at 729 and Washington at 727.

Mississippi has the lowest loan scores with 676, followed by Louisiana in 684, Alabama in 686 and Texas in 688. Incidentally, Florida No. 38 was 701.

Jonathan Lansner is the business columnist of the Southern California News Group. It can be reached at jlansner@scng.com