Credit Scores by Geographic Regions Is your Zip Code doing something to you or for you when it comes to your credit worthiness?

San Diego, CA. Could it be that someday lender's will set their interest rates based on the average credit scores of the people living within a certain Zip Code or major metropolitan areas? The answer is yes, it is very possible because Experian, one of the three major credit reporting agencies in the country has scored the nation's top 20 metropolitan areas, based on the average credit scores of the people who live there.

Credit scoring has changed the credit industry dramatically. And now, the new FACTA requires that they be revealed to the consumer on request, however, an as yet unknown fee will be charged.

Experian s rankings of the 20 major U.S. metropolitan areas by credit score, revealed more than half are below the national credit score average of 678. Credit scores can range from 330 to 830 with a higher score indicating a lower credit risk.

Average consumer credit scores for 20 major U.S. metropolitan areas, according to Experian s National Score Index, which is based upon a nationwide sampling of three million consumer profiles. The Index is formulated using Experian s consumer credit score model, called the PLUS Score. The metro areas are:

Minneapolis 707 Boston 705 Washington, D.C. 693 Seattle 691 Cleveland 690 Philadelphia 688 New York 688 San Francisco 686 Chicago 680 Sacramento 676 Denver 675 Tampa 675 Detroit 675 Miami 672 Orlando 671 Atlanta 670 Los Angeles 667 Phoenix 660 Houston 655 Dallas 653

"The average credit score for the U.S. is 678, so residents in the Minneapolis and Boston areas are doing a far better job of managing their credit compared to the rest of the nation," said Charles Chung, vice president of consulting and analytics for Experian. "These residents typically have high credit debt, but use that credit wisely. They also have fewer late payments and don't max out their credit cards, Chung added."

Experian says its National Score Index gives consumers a gauge to help them understand how creditworthy they are relative to other American consumers. Further, consumers can learn how their geographic region measures up against other regions of the country, and how their credit score affects their ability to obtain the best interest rates and most beneficial loan terms.

The ICFE wants consumers to understand if you have accessed more that 50 percent of your available credit limits on credit cards, your credit score will suffer. The greater the amount of the credit line that is used, the lower the credit score will go.

For more information about credit scores: www.myfico.com.