The nation's highest credit scores are clustered in metropolitan
areas along the Pacific Coast, followed by New England and the
upper Midwest, according to a recent report from the credit
reporting agency TransUnion.
The areas with the worst average credit, on the other hand, are
almost invariably found in the South, according to the same
The residents of the San Jose, Calif. metropolitan area,
including the neighboring communities of Sunnyvale and Santa Clara,
bear the distinction of having the nation's highest credit scores,
according to TransUnion. The San Francisco/Oakland metropolitan
area stands a close second.
West is the best
Five of the 10 metropolitan areas with the nation's best average
credit scores are on the Pacific Ocean, including Honolulu.
Meanwhile, all but one of the 10 metros with the lowest credit
scores are found in states of the old Confederacy, with Memphis,
Tenn. at the bottom of the list.
That's not to say that anyone has room to brag. Even for San
Jose, the average credit score comes in at the very top of the
category rated as "non-prime," with a letter grade of "D" on the
old classroom scale of A-F.
Here are the highest and lowest scoring metro areas and their
respective credit scores. Scores are based on the VantageScore
system, rather than the more commonly used FICO credit scoring
Metro areas with the 10 highest average credit scores
Metro areas with the 10 lowest average credit scores
The study looked at credit scores in 100 major U.S. metropolitan
The VantageScore system is based on a scale of 501-990, whereas
the more commonly used FICO system uses a scale of 300-850. So
while a 700 is a good score under FICO, it leaves a lot to be
desired under VantageScore. Under VantageScore, any score from
601-700 is rated D, or Nonprime, while the top "A" rating requires
a score of 901-990.
First published on MortgageLoan.com at: