Midwest Cities Have the Best Credit Scores, the South Has the Worst There must be something in the cheese.

Four of the 10 top-ranked American cities for credit scores are in Wisconsin, according to a new analysis by Experian.

Wausau, Wis., has the country's highest average credit score at 789. It's the first time the city, which has a population of nearly 39,000 people, was big enough to be included in the survey.

The lowest average credit score belongs to Harlingen, Texas. At 686, the city of fewer than 60,000 is the only one with an average score below 700.

The analysis used the VantageScore system, which is rates credit scores on a scale from 501 to 990, and with a letter grade. That scale is slightly different from the FICO credit score, which more people may be familiar with, and which is based on a scale of 300 to 850.

La Crosse, Wis., which ranked tenth for credit score, also has the nation's lowest average debt at $19,985. The nearby states of Iowa, Illinois, Minnesota and South Dakota each host cities that made the top 10. Outside the Midwest, only San Francisco and Boston made the list.

High foreclosure and unemployment rates characterized many of the cities on bottom end of the list: The unemployment rate in Harlingen is nearly 13%. Eight of the 10 lowest-ranking cities were in the South. Bakersfield, Calif., and Las Vegas, cities hard hit by the foreclosure crisis, also made the bottom 10.

According to the analysis, the nation's average score is 749 or a C grade. But overall the country is moving gradually in a positive direction in terms of credit: The national score is up one point from 2010 and five of lowest-ranked cities made improvements compared to last year, according to USA Today.




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savemycountry911

This ranking is very flawed. California is bankrupt. Looney libs love to spin.

October 12 2011 at 12:26 PM Report abuse +4 rate up rate down Reply
2 replies to savemycountry911's comment
savemycountry911

Now Cal. is going to give more perks to illegals. Can you say, "stupid libs"?

October 12 2011 at 12:27 PM Report abuse +4 rate up rate down Reply
savemycountry911

Hey evan, you can low rate me 50 times now.

October 12 2011 at 12:30 PM Report abuse +2 rate up rate down Reply
1 reply to savemycountry911's comment
savemycountry911

evan is a paid liberal who has dozens of screen names and posts for Huff Po.

October 12 2011 at 12:43 PM Report abuse +1 rate up rate down
Fred

How is it that Harrisburg,PA rates so high and yet filed BK today?

October 12 2011 at 12:19 PM Report abuse +3 rate up rate down Reply
RON RUSSO

WHO EVER DID THIS REPORT IS LITTLE AWARE OF CREDIT RATINGS. A 749 WOULD BE AN A- . C WOULD BE A 640. LOVE PEOPLE THAT KNOW NOTHING ABOUT WHAT THEY ARE TALKING ABOUT. INTERNET 90% WRONG INFO!!!!!!!!!!!!!!!!!!!!

October 12 2011 at 10:09 AM Report abuse +2 rate up rate down Reply
1 reply to RON RUSSO's comment
janswizz

According to which credit rating system? The article states it used the VantageScore system in the credit analysis. A "C" would be correct if using the FICO system.

October 12 2011 at 10:33 AM Report abuse rate up rate down Reply
pfjw

Harrisburg, PA is about to file Chapter 9 - and gets left off the list. And what about Camden, NJ?

Kinda-sorta puts the entire story in doubt, maybe?

October 12 2011 at 8:56 AM Report abuse rate up rate down Reply
1 reply to pfjw's comment
janswizz

Your post is confusing due to the fact that the article states the mid west is in the lead when it comes to credit scores. I don't think they were talking about low credit scores.

October 12 2011 at 9:14 AM Report abuse rate up rate down Reply
janswizz

Sounds like the people in the mid west are better at living within their means. If people would just use common sense they wouldn't get themselves into debt they can't pay back. Wake up America you aren't congress.

October 12 2011 at 8:37 AM Report abuse rate up rate down Reply
1 reply to janswizz's comment
Fred

Yeah, that wild spending San Francisco must have midwest values as it's # 5

October 12 2011 at 12:20 PM Report abuse rate up rate down Reply
Rick

I live in Madison WI. Our home value has actually gone up over the past 5 years. The swings in value are modest either way. Kind of like most Midwesterners--not given to extremes. It makes the wacko liberal politics bearable, though they are definitely an energy-******* distraction.

October 12 2011 at 8:32 AM Report abuse -1 rate up rate down Reply
2 replies to Rick's comment
janswizz

That's really strange about your home value. Must be there isn't a lot of foreclosure properties in the immediate area. Right now 1 in 46 homes across our once great nation are in foreclosure which causes home values to drop sharply.

October 12 2011 at 8:42 AM Report abuse rate up rate down Reply
dabrownman

Isn't Madison #3 on the list of most MArxist posing as a socialist, liberal, progressive cities after San Francisco and Boulder Co?

October 12 2011 at 4:27 PM Report abuse +1 rate up rate down Reply
maa2626

golds up today, no credit for me!

October 12 2011 at 6:17 AM Report abuse +1 rate up rate down Reply
Jdhdnumber7

So Catherine...perhaps you can tell us WHY?
The Midwest never had the booming price increases is the answer.
My Midwestern house price would rise a percent but in California it was 10 times that.
No bubble...no bust. My house was built 35 years ago with 4 bedrooms, a two car garage, an in-ground pool and about an acre and a 1/2 of land with 20 trees. My property taxes are a little over $2100.00 and on a recent refi it was valued at $230,00.00.
Nothing spectacular but take my house and put it in AZ,CA,FL, or others and at the height of the housing bubble it might have gone for double or triple that value in those states.
Perhaps the Midwest knows the real value of housing and of managing money.
I am not saying we are smarter....if anything we were never tempted.

October 12 2011 at 3:04 AM Report abuse +1 rate up rate down Reply
1 reply to Jdhdnumber7's comment
Fred

Please explain why super high-priced San Francisco is # 5

October 12 2011 at 12:21 PM Report abuse +2 rate up rate down Reply
dabrownman

Anyone up for putting out of work Americans back to work doing something worthwhile for their unemployment check? I say lefts give them $1,000 extra for each illegal alien they can round up. I'm guessing we will be making at least one new millionaire that Obama can try to ax into the poor house once again. I think my plan would kill at least 14 million stones at one fell swoop.

October 11 2011 at 10:54 PM Report abuse -2 rate up rate down Reply
1 reply to dabrownman's comment
dknowles60

well said

October 12 2011 at 3:05 AM Report abuse -1 rate up rate down Reply
dabrownman

Can someone explain why Obama approved the $735 million loan guarantee to George Kaisers PE firm Argonaut and Solar Reserve last week after George Kaiser and his PE firm ripped off the US tax payer for $535 million in the Solyndra scandal. Was it because George Kaiser gave Obama $500,000 in the last election cycle as a bundler?

Obama not only ranks as the worst president since 1900 edging pout Jimmy Carter but, after killing two border patrol agents who worked for him with his Fast and Furious gun running plan that killed hundreds of Mexicans as well, he now ranks as the most criminal and corrupt president as well. Gun running into a foreign country that kills innocent Mexicans and Americans sounds is a capital offense punishable by death.

October 11 2011 at 10:46 PM Report abuse -3 rate up rate down Reply
1 reply to dabrownman's comment
dknowles60

here here

October 12 2011 at 3:05 AM Report abuse rate up rate down Reply