10 states with the lowest credit scores

Most of the lowest credit scores in the nation are concentrated in one region of the country.

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238Comments
Jan 14, 2014 5:49PM
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You people are all morons.  Do you know what a credit score reflects?  It is how well you manage you finances and live within your means and pay your bills, it has nothing to do with income, it has to do with responsibility.
Jan 14, 2014 5:37PM
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Why is it that the South almost always has the highest percentage of anything 'bad'?   WTF, people!! 
Jan 14, 2014 5:50PM
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Pay cash. Stay off the grid. Your being watched.
Jan 11, 2014 12:02AM
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Personal Responsibilty and self supporting comes to mind.   No money, no buy.
Jan 14, 2014 6:17PM
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Whenever there are nonsense credit score stories,...I just simply have to jump in. I have been meticulous with "adopting" to the odd "requirements" of the credit scoring system. I think I forgot to mention the top secret mathematical models that dreate the score. Trust me,..I have a score bordering on 800. I am not worried about me. The system is the most cleverly crafted sceme that is skewed in favor of  the lenders. Tell me this makes sense or would logically be called "fair". You have 10 accounts: A mortgage, a car loan, 3 major credit cards, and 5 department store cards. (trust me,...the credit scoring models want you to have a good mix). So,..that makes a total of 10 accounts. You are on time for 5 years straight. There are 12 months in each year. If you were on time for all 10 accounts for 5 straight years,...that would total 600 little data points. Now,...this month, you are 30 days late on ONE account. Your immediate good to bad ratio of credit worthiness is 1/600 or .16 % late and 99.84% on time. If your score was previously a strong 750, can anyone tell me how much your score would drop? The answer,...about 75 points. Translation,...10%. Who in heavens name agrees that a 10% drop is fair? Well it doesn't end there, it will stay on your record for 5-7 years. They wrote the rules and "meshed" their way into our economy a few decades ago. What happens with a lower score? You pay higher interest rates to who,...THE BANKS who mysteriously are able to dole out huge payrolls and bonuses.  If you pay higher interest rates, you are paying more each month and have less in your pocket to spend on other things that drive the economy like going out to eat or buying that next greatest gadget or staying at a hotel. Honestly, the credit scoring system as it is set up today,...did I forget to mention, they are FOR PROFIT companies. I could go on forever. Go on the FICO website and look at their "history". If a panel of economic experts had been allowed to review the methodology of the mathematical (secret) models, they would not work as they do today.
Jan 13, 2014 1:05PM
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Lenders use Credit Scores to Fleece the Sheep. Credit Scores are a Modern Day way of stealing. Not only are Lenders using Credit Scores to steal, also are the likes of Insurance Companies and just about any other crook intent on destroying the Working Poor and Fading Middle-Class. This right to Work for Less push that has taken over America is sickening. Especially since the Wage Gap has moved from 40 to 1 to Well Over 400 to 1.

There is more Wealth here and Globally than ever before. All the Luxury Auto Makers are setting Record Sales Numbers while Airbus and Boeing are seeing Record Sales of their Biggest and Best Jets. The Stock Markets have set Records along with Corporate Cash Hoards and Profits. Yet Europe has 12.1% unemployment and America is seeing Record amount of folks on Food-stamps.

Jan 13, 2014 12:09PM
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But, but, these are the job creating Republican states. How could this be?

Jan 14, 2014 6:59PM
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The People with the 700-800 beacons are the older folks that have everything paid for and rarely use credit. The depression has reset the fading middle class scores to force them into higher interest loans to feed the elite bankers and make them fatter.. These are sad days for America & the World. Greed has destroyed our way of life.
Jan 14, 2014 6:22PM
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I'd be curious to to see the federal governments FICO score.

Maybe the state governments too.

And, to all the literalists that are going to be annoyed by this. Yes, I know, they don't actually have a FICO score. But they could come up with a close number based on how they pay their bills.

 

Jan 14, 2014 6:39PM
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You do realize that the credit scores this article posts are complete hogwash right? 700 to 799 is considered good to excellent and 800 and above is the best you can get. And since credit scores are arbitrary depending on which credit scoring agency you ask, that makes the very idea of this article suspect at best and makes you wonder if this isn't yet another way the 1 percent try to stick it to the working person in America.

 

 

This will show an idea of what good credit is, forget MSN they only care about drama and trying to create division in America.

 

 

 

Jan 14, 2014 5:56PM
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Nothing wrong with any of those scores.

One of the biggest things to bring a score to that level is the LACK of purchasing on credit. When you pay for things as you can afford them, rather than when you WANT them, then you tend to cause your score to stay in the lower reaches of decency.
All of these scores are decent. They also are in states that for the most part (there are a couple of glaring exceptions) are populated by people who are raised to be frugal with their money, and to spend it when they have it, as opposed to when they HOPE to have it.

Jan 14, 2014 6:16PM
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So - the poorest educated, the unhealthiest, the lowest incomes - what a shock they have poor credit.  Every "worst" list of anything is made up primarily of Southern states.
Jan 11, 2014 12:42AM
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States with the lowest average income or, if you prefer, the highest percentage of population below the poverty line.  Demographics and the state governments considered the poverty is not at all surprising.  
Jan 14, 2014 6:17PM
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A person should never go into debt for anything they can otherwise afford. The generation before the Baby Boomer's generation did just that. If they could not afford it, they did not buy it! Who cares what anyone have except you! Chances are the people you are trying to impress maybe not be around later on anyway. 
Jan 14, 2014 6:42PM
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The credit bureaus have you captured. You do not need credit for anything. The only people that need credit are the people that need to borrow money. If you need to borrow, you are above your means. Like it or not, that's the truth. Banks survive on you paying interest, why they'll even tell you how to improve your credit. Again, you don't need credit. My father was right, he said "people spend money they don't have to buy things they don't need to impress people they don't like." Don't get caught up in the BS from the lending institutions. You can survive and thrive very well without credit.
Jan 14, 2014 8:05PM
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I thought the Red Southern states were all business friendly, low taxes, etc.  If this is so, why don't they pay their bills?
Jan 14, 2014 7:19PM
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Naturally, almost all the southern states made this list. 
Jan 14, 2014 6:52PM
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This is crazy.  IL and CA had to pass special legislation to keep their bond rating just above junk.  How can they not be in the lowest 10 of credit worthiness.  You must be skipping some obligations like pension obligations to come up with such a list.  
Jan 14, 2014 9:43PM
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It seems as tho mississippi is always the WORST at everything!    nasty state.
Jan 14, 2014 8:42PM
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The same States with the highest welfare, unemployment and lowest test scores in school and for some reason they keep electing Republicans
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