NC ranked 34th in the nation in 2020’s states with the highest & lowest credit scores

With an average personal credit score of 679, North Carolina consumers rank in the middle of the nation but second best in the South, behind Virginia and ahead of Florida, according to statistics compiled by WalletHub, the personal finance website.

“A person’s credit score is one of the biggest factors that determines the course of their financial life, from getting credit cards to qualifying for home loans to even renting apartments,” according to WalletHub.

“The average credit score in the U.S. is 680. That puts the average American slightly below the bottom of the good credit range. The number to strive for is at least 750, which marks the beginning of the excellent credit range.”

The COVID-19 pandemic has wreaked havoc on people’s finances, leading many people to need to take out loans or fall behind on their payments. While the government has taken some steps to protect people’s credit scores, such as offering forbearance on federally- or GSE-backed mortgages, not everyone can take advantage of relief.

In order to determine the states with the highest and lowest credit scores, WalletHub compared the average credit scores of residents in each of the 50 states as of September 2020, based on TransUnion data. Read on for the results, additional commentary from a panel of experts and a full description of our methodology.

States with the highest and lowest credit scores

Rank (1=Highest) StateAverage Credit Score 
1Minnesota720
2Hawaii709
3Washington709
4North Dakota709
5South Dakota707
6Oregon707
7Montana706
8Massachusetts705
9Nebraska704
10New Hampshire703
11Colorado703
12Vermont701
13Idaho701
14Iowa700
15Utah696
16Virginia695
17California692
18Wyoming692
19Connecticut692
20Pennsylvania691
21New York691
22Wisconsin690
23Kansas689
24Maine689
25New Jersey689
26Alaska687
27Nevada687
28Delaware686
29Maryland686
30Illinois686
31Missouri684
32Arizona684
33Rhode Island683
34North Carolina679
35Michigan677
36Indiana677
37Ohio677
38Florida677
39New Mexico675
40Tennessee674
41West Virginia673
42Arkansas673
43Oklahoma672
44South Carolina671
45Kentucky671
46Georgia670
47Texas669
48Louisiana664
49Alabama662
50Mississippi657
WalletHub

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