The annual list of best and worst states for credit conditions is based on an analysis of the unemployment rate, bankruptcy rate, foreclosure rate, average credit score and credit card delinquency rate of each state.

Here are the 2012 results:

Rank

State

1.

North Dakota

2.

Vermont

3.

South Dakota

4.

Montana

5.

Iowa

6.

Nebraska

7.

Wyoming

8.

Hawaii

9.

Minnesota

10.

Alaska

11

Maine

12 (tie).

Kansas

12 (tie).

Massachusetts

14.

New Hampshire

15.

Pennsylvania

16 (tie).

Connecticut

16 (tie).

Virginia

18 (tie).

West Virginia

18 (tie).

Wisconsin

20.

New York

21.

Washington

22.

Utah

23.

Oklahoma

24 (tie).

Maryland

24 (tie).

New Jersey

26.

Oregon

27.

New Mexico

28.

Rhode Island

29.

Missouri

30.

Idaho

31.

Texas

32.

Kentucky

33.

North Carolina

34.

Ohio

35.

Arkansas

36.

Colorado

37.

Delaware

38.

Louisiana

39.

Michigan

40.

South Carolina

41.

Tennessee

42 (tie).

Illinois

42 (tie).

Indiana

44.

Mississippi

45.

Alabama

46.

California

47.

Arizona

48.

Florida

49.

Georgia

50.

Nevada

 

Read the full analysis and see the top 10 and bottom 10 states and why they ranked this way.