Californians generally maintain 'good' credit scores, averaging 714, according to reports from FICO and VantageScore. This score is the national median and ranks California 24th among all states and the District of Columbia for credit standings. Lenders consider borrowers with scores in the good range relatively acceptable and may offer various credit options, although not always at the lowest interest rates. Comparatively, states like Minnesota and New Hampshire boast higher average scores, while Mississippi has the lowest scores nationwide.
When we averaged state results from two leading bureaus - FICO and VantageScore - we found the typical Californian had a credit score of 714 last year.
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.
California's score was equal to the national median and ranked 24th best among the states and the District of Columbia.
The highest credit scores were found in Minnesota, at 734, followed by New Hampshire and Vermont, both at 730.
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