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(Huffington Post)   Average credit score for every state. Are you above average for your state, or dragging it down?   (huffpost.com) divider line
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921 clicks; posted to Discussion » and Main » on 26 Oct 2020 at 12:50 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-10-26 12:44:46 PM  
Why would I give a Tinker's damn?  It's not my number.  They can stick it wherever they like, I suppose.
 
2020-10-26 12:47:19 PM  
holier than Texas
 
2020-10-26 12:47:21 PM  
So I'm well above average in every state.

As for the map.. well, I guess we shouldn't let people from Mississippi borrow from you.
 
2020-10-26 12:53:04 PM  

Alphax: So I'm well above average in every state.

As for the map.. well, I guess we shouldn't let people from Mississippi borrow from you.


Not sure you needed this map to tell you that...
 
2020-10-26 12:57:06 PM  

Snaps: holier than Texas


Prob not a coincidence Texas' average credit score is the mark of the beast.
 
2020-10-26 12:59:27 PM  

Private_Citizen: Alphax: So I'm well above average in every state.

As for the map.. well, I guess we shouldn't let people from Mississippi borrow from you.

Not sure you needed this map to tell you that...


I didn't!
 
2020-10-26 1:03:37 PM  
I don't know, I don't have to know, because at my house, nobody cares.
 
2020-10-26 1:06:49 PM  
LOL Nevada.I guess "letting it all ride on red" isn't such a good idea after all.
 
2020-10-26 1:07:11 PM  

Snaps: holier than Texas


media4.giphy.comView Full Size
 
2020-10-26 1:08:19 PM  

Alphax: So I'm well above average in every state.


Same here.  Not like I really care very much.  At this point, the only thing I plan to buy on credit is a smaller house after my daughter graduates from high school in a few years and goes off to college.  Once she's gone, my wife and I won't really have a need for a two-story four-bedroom house anymore.
 
2020-10-26 1:10:13 PM  
I thought this was going to be the ~states~ assumed rating.

A bit disappointed I didn't get to laugh at Illinois
 
2020-10-26 1:14:30 PM  
Now cross-ref with poverty, pay-day lending,  and other demographics and let's see who is being screwed.
 
2020-10-26 1:28:30 PM  
I'm a dick head with my finances at times and am above the average of all the states.

What are they doing?
 
2020-10-26 1:29:18 PM  
Damn, more than 100 points higher than state average. almost 100 points higher than the highest average I saw.
 
2020-10-26 1:33:31 PM  

Professor_Doctor: I'm a dick head with my finances at times and am above the average of all the states.

What are they doing?


Being poor and borrowing from predatory lenders at usurious rates is likely a Big part of the low scores.
 
2020-10-26 1:34:21 PM  
Yes! Your Credit score.
Worship it! Measure yourself by it and compare yourself to others so you feel superior. YOU have the POWER to SPEND!!
 
2020-10-26 1:40:13 PM  
I'm well above the average in every state too, but I still feel like I have no money.

Was there like a class or something I was supposed to take on how to buy a house?
 
2020-10-26 1:44:15 PM  

Snaps: holier than Texas


Came to mention their 666 score, Satan must be in charge of finances in that state.
 
2020-10-26 1:45:08 PM  

kdawg7736: Snaps: holier than Texas

Came to mention their 666 score, Satan must be in charge of finances in that state.


They're just Beastly with their money.
 
2020-10-26 1:57:17 PM  
FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.
 
2020-10-26 2:03:05 PM  

Pinner: Yes! Your Credit score.
Worship it! Measure yourself by it and compare yourself to others so you feel superior. YOU have the POWER to SPEND!!


I guess we know who isn't above their state's average.
 
2020-10-26 2:23:17 PM  
I'm hoping to see the day that my credit score becomes meaningless.  Once I get a new car, I will have bought everything that I need a bunch of credit for.  My credit cards have lots of room on them, the house is almost paid off, I just don't care what the actual score is.  Just holding on for that last purchase, hopefully early next year.
 
2020-10-26 2:24:50 PM  

BretMavrik: FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.


If you're not carrying a balance and paying interest on it you're a deadbeat.  If you're never late so late fees can't be charged you are unprofitable and thus worthless.  If you think about it from a potential creditor's perspective they aren't wrong.  I mean if you're in the lending business this maybe isn't as important as ability to repay but it's a close second.
 
2020-10-26 2:31:09 PM  

BretMavrik: FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.


Pretty much this.  I have a rating of either 806 or 845 (depending on which one is doing the evaluating), and I have not started a 401k.  Too busy paying off the doctorate, healthcare from the covid mess, and buying a couple of houses.  The score will go down once the various banks and et cetera figure out I do not intend to ever borrow again.
 
2020-10-26 2:37:56 PM  

nekom: BretMavrik: FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.

If you're not carrying a balance and paying interest on it you're a deadbeat.  If you're never late so late fees can't be charged you are unprofitable and thus worthless.  If you think about it from a potential creditor's perspective they aren't wrong.  I mean if you're in the lending business this maybe isn't as important as ability to repay but it's a close second.


I buy nearly everything on my CC and pay it off after every payday and my score is through the farking roof. Only time when it went down was when unemployment forced me to carry a balance on my credit cards.

/Also, an almost insignificant one when a CC account closed from disuse
//Who shops at department stores anymore, anyway?
 
2020-10-26 2:45:26 PM  
Mississippi is so bad that it basically gets its own color.
 
2020-10-26 2:53:13 PM  
439 here.
 
2020-10-26 2:53:29 PM  

Myrdinn: Pretty much this.  I have a rating of either 806 or 845 (depending on which one is doing the evaluating), and I have not started a 401k.  Too busy paying off the doctorate, healthcare from the covid mess, and buying a couple of houses.  The score will go down once the various banks and et cetera figure out I do not intend to ever borrow again.


Your 401-K isn't part of your credit score. Neither are the balances in your checking or savings accounts. Utility payments aren't in there either unless you've gone into collections for nonpayment.

What is in there is the total amount of credit you have, mortgage, car loans, lines of credit, credit cards. The percentage of that credit you're using and how you've paid on those credit accounts in the past. The age of your credit (having the same credit card for 25 years is great for your score) is also a significant factor.

If you want a credit score over 800.
- pay your loans credit card bills on time every time.
- Keep your credit limit on cards and lines of credit high and the balances low.
- Don't close your old credit cards, just stop using them.

Other stuff like credit checks are mostly temporary hits.
 
2020-10-26 2:55:41 PM  
I spend almost nothing (recently paid off my house), and I have no debt, but I put groceries and gas on a credit card, so my credit score is immaculate.

I do get a new card every year for the sign-up bonus.  Property taxes are due in December, and you're allowed to pay them with a credit card, so why not get a few hundred dollars for free (minus the service fee for using the credit card)?  I made almost $1000 doing that last year.

A hard pull on my credit once or twice every year isn't a big deal when I haven't missed a payment on anything in a decade.
 
2020-10-26 2:56:19 PM  

BretMavrik: FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.


I'll ask you the same things I ask any moran who parrots this derp.  How would they know any of the things you claim they base the score on?  And why do incredibly profitable idiots who pay the most in interest and fees all have low scores?
 
2020-10-26 2:57:05 PM  

cherryl taggart: I'm hoping to see the day that my credit score becomes meaningless.  Once I get a new car, I will have bought everything that I need a bunch of credit for.  My credit cards have lots of room on them, the house is almost paid off, I just don't care what the actual score is.  Just holding on for that last purchase, hopefully early next year.


Why do you care now?
 
2020-10-26 2:58:19 PM  

WTFDYW: 439 here.


I would like to congratulate you on being the first one to not humble brag about their 800+ score.

It's been ages since I read a credit card thread. Half of the thread was full of 6 figure folks bragging about their credit score, or 6 figure folks bragging they carry around bags of monopoly money and have a credit score of potatoe because they use cash.
 
2020-10-26 3:10:21 PM  

Marcus Aurelius: Why would I give a Tinker's damn?  It's not my number.  They can stick it wherever they like, I suppose.


It's boring if every map graphic is just a population distribution map.  Occasionally, it's fun for it to be something else irrelevant (income).

This would need to show if income and credit ratings varied be useful on a state by state basis.  Even that would just be a reason to drill down further.   Not having money can be very expensive.
 
2020-10-26 3:10:38 PM  

WTFDYW: 439 here.


I take that back it is 869. I just got off the phone with my wife about some other things and I happen to ask her if she could remember what they told us we could go over to when we fill out paperwork for a loan.
 
2020-10-26 3:22:38 PM  

BretMavrik: FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.


This would seem to make sense on the surface, but there must be more to it. I'm not sure I've ever paid interest on credit card debt because I've paid it off in full EVERY month for at least the last 8 years. I also bought a used car on credit with a 5 year loan and paid it off before 2 years was up. No other debt or loans, yet my credit score is over 800.
 
2020-10-26 3:27:28 PM  

gretzkyscores: This would seem to make sense on the surface


No, it doesn't.
 
2020-10-26 3:27:57 PM  

WTFDYW: WTFDYW: 439 here.

I take that back it is 869. I just got off the phone with my wife about some other things and I happen to ask her if she could remember what they told us we could go over to when we fill out paperwork for a loan.


please, in the name of the holy baby jebus, tell me your wife handles the money for you two.
 
2020-10-26 3:43:16 PM  

AppleOptionEsc: WTFDYW: 439 here.

I would like to congratulate you on being the first one to not humble brag about their 800+ score.



WTFDYW: I take that back it is 869.


SadTrombone.wav
 
2020-10-26 3:49:48 PM  
I live in one of those top five states and I'm still well above average. My ex can suck it.
 
2020-10-26 3:54:30 PM  

Fireproof: AppleOptionEsc: WTFDYW: 439 here.

I would like to congratulate you on being the first one to not humble brag about their 800+ score.


WTFDYW: I take that back it is 869.

SadTrombone.wav


I feel like his comment was out of spite.
 
2020-10-26 3:55:06 PM  
Just checked, 812.
 
2020-10-26 3:59:25 PM  

Mr. Eugenides: Pinner: Yes! Your Credit score.
Worship it! Measure yourself by it and compare yourself to others so you feel superior. YOU have the POWER to SPEND!!

I guess we know who isn't above their state's average.


Haven't checked for a while....
Huh. 775.
Whatever.
 
2020-10-26 4:38:34 PM  
Just checked mine. Down to 770 (ten points) because for no reason they reduced the duration of my credit history.

I've had my current mortgage for 8 years, my previous going back 20, and my credit card is 7 years.

The credit places think I'm 5 years old. Twin years ago it was 5. Last year it was 6.

I closed no accounts in the last 7. And my credit life is shorter today than last year.

What a farking joke .
 
2020-10-26 5:00:35 PM  

AppleOptionEsc: WTFDYW: 439 here.

I would like to congratulate you on being the first one to not humble brag about their 800+ score.

It's been ages since I read a credit card thread. Half of the thread was full of 6 figure folks bragging about their credit score, or 6 figure folks bragging they carry around bags of monopoly money and have a credit score of potatoe because they use cash.


CSB-
I was a raging suicidal alcoholic for many years, including lots of fark posting. It went into maximum overdrive in 2008 when I was laid off and spent the next 2 years being paid by the unemployment office to sit in my apartment and drink while living on the internet. I let my credit go for so long that it actually went to 0. I found this out after cleaning up and getting back on my feet financially when I went to buy a new car. I wound up getting the car and re-establishing credit bit by bit. After 4 years my credit score has gone from 0 to 750.

/end CSB
 
2020-10-26 6:18:04 PM  

BretMavrik: FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.


I dunno.  The only debt I owe (other than credit cards which I keep a zero balance on but use frequently (always pay off in full every month)) is my mortgage payment, and my equity in the house is about triple the amount I owe (2009 was a great time to buy).  I have a ton of money in the bank.  My credit score is sky high (which is correct, IMHO).
 
2020-10-26 6:18:32 PM  

Tell Me How My Blog Tastes: Snaps: holier than Texas

Prob not a coincidence Texas' average credit score is the mark of the beast.


Oklahoma is the Neighbor of the Beast.
 
2020-10-26 7:03:52 PM  

Geotpf: BretMavrik: FICO scores are arbitrary bullshiat. We have two higher-than-median incomes, no debt, we're both maxed on our 401ks and we maintain a year's worth of living expenses in our savings account. Our FICO score was still barely above our state average according to that map.

Then something happened that made our FICO score go down even more... we paid off our house.

FICO has nothing to do with "creditworthiness" and everything to do with "how much money creditors think they can make off of you". If you have enough cash to purchase a new car, a new roof and a new iPhone - at the same time - you are worthless to creditors and your score will reflect that.

/Luckily, the factors that give us a lower FICO score are the same factors that make us not care.

I dunno.  The only debt I owe (other than credit cards which I keep a zero balance on but use frequently (always pay off in full every month)) is my mortgage payment, and my equity in the house is about triple the amount I owe (2009 was a great time to buy).  I have a ton of money in the bank.  My credit score is sky high (which is correct, IMHO).


But that only reinforces my point; it's completely arbitrary. When we first moved back to the US and applied for a home loan, our FICO score was something like 805. Once we got settled in and were able to redirect our US and HK finances to pay off the (less than a year) loan, our FICO score went down to 735. And that wasn't something that settled in over a few months... it dropped like a rock the minute we paid off the house. We get the monthly reports, and the drop that month made me panic that we somehow had an account breach.

And I just checked our (alleged) FICO sources, and the numbers are... 740, 773 and 790. Within that range it likely wouldn't matter if we were to apply for a loan, but 1) why are they different at all and 2) why are they up to 10% lower even though our overall financial situation is at least 10% better *and* they actually now have more source info, which should only improve things?

/Anyway, the whole point to all of this is... stop playing *their* game. For people on the starting/lower end of the scale... manage your finances the way that makes sense, not the way some advisor/salesman tells you is going to improve the metric that only serves to get you deeper into the hole.
 
Ant
2020-10-26 7:13:53 PM  
Everyone on Fark has an 800+ credit score, a house that's fully paid off, and a genius-level IQ. You should know this by now, Subby.
 
2020-10-26 7:21:13 PM  

Ant: Everyone on Fark has an 800+ credit score, a house that's fully paid off, and a genius-level IQ. You should know this by now, Subby.


Pick a thread on a topic of your choice.

People embarrassed about being behind are much less likely to give their personal standing. Obviously people exaggerate and lie, but a big part is simply who chooses to participate and give that information.
 
2020-10-26 7:21:59 PM  
What's your score btw Ant?

I won't mock it, the system is so stupid it's easy to get a low one without ever making a bad financial choice.
 
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