The New Key To Credit Scores-The Winter Weather

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According to a new report by Bankrate.com, the average credit score in the United States is a 678. The company rated the following five states as the top five according to average credit score:

* South Dakota, 708

* Minnesota, 707

* Vermont, 706

* North Dakota, 706

* New Hampshire, 705

It rated the states below as the bottom five:

* Nevada, 652

* Texas, 653

* Arizona, 660

* New Mexico, 662

* Louisiana, 662

The credit score scale runs from 300 to 850, with the vast majority of people having scores between 600 and 800.

"A score of 720 or higher will get you the most favorable interest rates on a mortgage," the report observed. "The difference in the interest rates offered to a person with a score of 520 and a person with a 720 score is 3.45 percentage points."

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