Ranks Best and Worst States for Consumer Credit: Why It Matters

Share Article releases state rankings based on key indicators of credit health and economic conditions. The list of best and worst states for credit is important for entrepreneurs, job seekers and business owners as well as individuals looking for financially healthy locales in which to live and work.

The housing bust and sustained economic slowdown have blemished the financial prospects of many Americans, but the damage hasn’t hit all states evenly. releases its rankings of best and worst states for credit, which reveals the current condition of credit in each state’s population. Entrepreneurs, business owners and individuals are all affected by the overall state of credit in their locales and can incorporate the results of this ranking when making location decisions.

To determine state rankings, analyzed indicators directly related to individual credit usage and repayment behavior (average credit score, credit card delinquency rates and home foreclosure rates) as well as broad economic health indicators such as unemployment and personal bankruptcy rates.

The 10 best states for credit may be of interest to job seekers, entrepreneurs and business owners. The states on the “best” list have high average credit scores and low unemployment, foreclosure, bankruptcy and credit card delinquency rates.

According to this analysis, the 10 best states for credit are:

1. North Dakota
2. Vermont
3. South Dakota
4. Nebraska
5. Montana
6. Wyoming
7. Iowa
8. Pennsylvania
9. Alaska
10. Minnesota

In contrast, job seekers, entrepreneurs and business owners may find that the 10 worst states for credit are economically challenging places to live and work. Some factors that land states on the 10 worst states for credit list, such as high foreclosure rates, may indicate opportunities or even investment bargains over a long time horizon. However, placement among the 10 worst states for credit is a signal of bleak economic prospects.

The 10 worst states for credit, with the top spot being the worst state for credit, are:

1. Nevada
2. Georgia
3. California
4. Florida
5. Arizona
6. Alabama
7. Tennessee
8. Michigan
9. Mississippi
10. Idaho

Though credit availability is determined by individual financial situation and not geographic location, these rankings are meant to show areas of relatively stronger or weaker credit environments.

Commentary on these states and access to the full 50-state ranking can be found at’s article, “10 best states for credit.”

About is the leading comprehensive free source for comparing credit card offers and has been educating consumers on credit cards since 1998. The site regularly reports on consumer credit and debt issues and offers both editor and consumer credit card reviews, from balance transfer cards to student credit cards, gas credit cards and more. The site allows consumers to compare and identify the credit cards best suited to their needs, get the best rates available and effectively lower their debt. is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit

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Andrew Heilman


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