InsightsFrenzy.com | Discover Insightful Content

10 US Cities With The Highest Credit Scores

The credit score of a particular area indicates how the residents of that place utilize their credit. It is difficult to find the exact causes of a high or a low credit score in a particular area. Credit scores are affected by economic and cultural issues prevalent in the area. In addition to these, other factors such as credit utilization and the overall debt of the citizens also have an impact on the credit score.

Here are ten cities that have a low credit utilization rate, a high credit score, and a low credit card balance, which means that the residents pay off their dues in time. A credit score above 700 is considered as excellent and these cities have shown the highest score across the country over time.

Madison, Wisconsin
In the city of Madison in Wisconsin, the average credit score is 702 and the average debt is $35,815. It has an average credit card balance of $4,545 and a credit utilization of 26 percent.

Fargo, North Dakota

In the city of Fargo in North Dakota, the average credit score is 703 and the average debt is $37,966. It has an average credit card balance of $4,661 and a credit utilization of 25 percent.

La Crosse, Wisconsin

In La Crosse, the average credit score is 703 and the average debt is $32,895. It has an average credit card balance of $4,223 and a credit utilization of 25 percent.

Sioux Falls, South Dakota

In Sioux Falls, the average credit score is 703 and the average debt is $39,269. It has an average credit card balance of $4,661 and a credit utilization of 25 percent.

Duluth, Minnesota

In the city of Duluth in Minnesota, the average credit score is 703 and the average debt is $34,782. It has an average credit card balance of $4,825 and a credit utilization of 26 percent.

Wausau, Wisconsin

In the city of Wausau in Wisconsin, the average credit score is 704 and the average debt is $31,975. It has an average credit card balance of $4,144 and a credit utilization of 25 percent.

You Might Also Like: Setting Spending Limits With Your Bank Or Credit Card

Green Bay, Wisconsin

In the city of Green Bay in Wisconsin, the average credit score is 704 and the average debt is $33,034. It has an average credit card balance of $4,363 and a credit utilization of 24 percent.

Minneapolis

Minneapolis has an average credit score of 707 and an average debt of $37,699. Its average credit card balance is $5,315 and the credit utilization rate is 26 percent.

Rochester, Minnesota

Minneapolis has an average credit score of 708 and an average debt of $35,973. Its average credit card balance is $4,329. The credit utilization rate is 24 percent.

Mankato, Minnesota

Mankato in Minnesota has an average credit score of 708 and an average debt of $32,536. Its average credit card balance is $4,011 and the credit utilization rate is 24 percent.

Keep yourself updated with the latest on Credit Cards . Like us on Facebook and follow us on Twitter for more on Investments.

Disclaimer:

The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.

Popular Articles

10 Cities With The Lowest Credit Scores

In certain cities where the credit score of the residents is significantly lower than that of those residing in other cities of the country. It is difficult to determine a cause behind this.

Choose from the Most Popular Credit Cards

People who have good credit scores can easily get access to top rated Credit Cards. In case, the credit history is good, you can easily get access to any of the 10 best credit cards in the country.

All That You Need To Know About Credit Scores And Credit Score Agency

A credit score rates a person’s ability to pay back his debts. The scores range from 350-800. Higher the score, lower are his credit risk. A credit score and report is based on a scoring system with 35% weight to your payment history, 30% debt burden, 15% on the length of credit history,10% on types of credit cards used and remaining 10% on the inquiries and applications filled for other credits.

7 Citibank credit cards to meet all your needs

Whether you are looking for cash back credit cards, travel rewards cards, or credits cards with no annual fees, you will find a lot of options among Citibank credit cards.

Salient features of one’s credit score

Every person knows this, “If my credit score is bad, it is considered a disaster.” While it is certainly not the end of the road, it does create many a roadblock on one’s long journey called life.

Here’s how to pick a reward credit card

A reward card is a credit card with an incentive or ‘rewards’ for use, such as cash back, merchandise points or frequent flier points. Reward cards promote different types of reward schemes – some cards give you more incentives for spending in certain areas such as grocery and dining purchases, or travel.