Credit Profile Study Warns of Doing Business in Places Like NV, GA, FL


CardRatings.com’s newly released analysis of the credit profiles based on both business and consumer factors in all 50 U.S. states found many states struggling with problems such as low credit scores, reeling real estate issues and high unemployment. Several in the top five-----Nevada, Georgia, Florida, Arizona and, unsurprisingly, California-----also have problems with public worker health care and pension costs alluded to in previous NACM stories, including eNews’ lead article this week (available Thursday). By comparison, North Dakota, Vermont, South Dakota, Montana and Iowa lead the charge with the best ratings in the CardRatings.com study; though it’s worth noting that NACM Economist Chris Kuehl, PhD often jokes about several of these that “no one lives there.”



CardRatings.com Founder Curtis Arnold noted that the stark difference in practices between the upper tier and lower tier should be noted and “should be food for thought for anyone considering a move or business venture.”



-Brian Shappell, CBA, NACM staff writer

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