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Data source: The Motley Fool Ascent. In each of these locations, the average score is well below the nationwide average of 714. However, the scores still fall within the "good" range.
Against this backdrop, WalletHub has released a ranking of the states by average credit score, using TransUnion data of scores compiled from residents in September of this year.
Financial information of the business may be evaluated as well. The score range for the FICO SBSS score is 0–300. A higher score indicates less risk. Applications for SBA 7(a) loans for $350,000 or less will be prescreened using this score. A minimum score of 140 is needed to pass this prescreen, though most lenders require scores of 160 or more.
Charlotte got the No. 100 spot with a 667 median credit score, followed by Durham at No. 74 with a 677 score. Raleigh had the highest median credit score in the state at No. 62 with a 680 score.
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
2004 study found the median credit score for whites in 2001 was 738, but the median credit score for African Americans was 676 and for Hispanics was 670. [36] 2004 research study found fewer than 40% of consumers who lived in high-Black Indigenous and people of color [BIPOC] neighborhoods had credit scores of over 701. [37]
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