Best & Worst States for Credit (Find Out Which List Georgia Makes)

How is the economy doing? It depends on where you look. In some states, people are practically choking on credit problems, while in others, serious financial difficulties are relatively rare.

For example, more than 1 out of every 500 homes in Florida is in foreclosure, while foreclosures are virtually unheard of in North Dakota. Similar differences exist for credit ratings, bankruptcies, unemployment rates and credit card delinquencies.

To factor all this in and determine the best and worst states for credit conditions, CardRatings.com looked at:

• Average credit scores from Equifax.
• Foreclosure rates from RealtyTrac.
• Credit card delinquency rates from TransUnion.
• Unemployment rates from the U.S. Bureau of Labor Statistics.
• Bankruptcy rates from the American Bankruptcy Institute.

Based on a combination of all these factors, the following are the best and worst states for credit conditions:

(Click here for the lists and to continue reading the article by MoneyTalksNews.com.)