State of Credit is a fun little thing that Experian has been doing for the past four years. It’s basically an interactive map that shows VantageScore data. You can segment by generation (66+, 47-65, 30-46 & 19-29) and you can also zoom in on the map to further drill down. Minnesota has 4 out of the top 10 cities with the best average score. Wisconsin is in a close second with three cities.
Some interesting averages
- VantageScore®: 681
- Debt: $27,887
- Number of Bankcards: 2.19
- Balance on Bankcards: $4,501
- Credit Utilization (%): 30.0%
If we know the average balance on bankcards and the average credit utilization we can have a guess as to what the average credit limit is $4,501 * 3.33 = $14,988.33 (assuming utilization isn’t counting things like mortgages and auto loans).
More interesting tidbits in the infographic below, or head on over to the Experian site.
This is not based on the FICO score, which most lenders look at.
