The pandemic has been tough financially on many different Americans and has caused some to fall behind on payments. The personal-finance website Wallet-Hub has completed a study that analyzes the average credit scores of individual states.

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Minnesota was number one, and it really wasn't even close.

Minnesota's average score came in at 720, well above the average score of 680. The second-ranking was a tie between three states (Hawaii, Washington and North Dakota) at 709. The 11-point gap between first and second place was nearly equal to the gap between second and 15th (Utah at 696, Iowa was 14th with an average score of 700).

 

According to the website, the score to shoot for is 750.

"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."

If you are trying to build more credit, you can find out what some experts believe are the best ways to do so here. 

Some key questions answered were:

  1. What are the best ways to build credit?
  2. What are the most common misconceptions about credit scores?
  3. What are the best strategies people can use to minimize the impact of the pandemic on their credit scores?
  4. What are the most common mistakes to avoid when trying to improve your credit score?

According to the site, a person's credit score is a factor that can determine the course of many different aspects of their financial life like getting credit cards.

"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."