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 Generically speaking, the scores can run from 0 to 1,000. The highest I have ever seen is an 863. However, it is generally accepted that anyone with a 700 credit score is A credit, and over 720 is AA credit. Here is an approximation of the credit score/grade:
Score Credit Grade
720 and up AA
700 to 719 A
680 to 699 A-/B+
660 to 679 B+/B
640 to 659 B
620 to 639 B-/C+/C
600 to 619 C/D
580 to 599 D/F
579 and below F
The Credit Reporting Industry Overview
The credit reporting industry is a network of made up of creditors, merchants, and other information sources, all supplying credit information on customers who apply for and use credit. This information works its way up the pyramid, reaching its most condensed and accurate format when it gets to the top. Click on the photo to get an overview.
Types Of Credit Reports
One of the most confusing aspects of the credit reporting industry is the different type of credit reports that are issued. Adding to that, it seems like every credit report provider uses a different layout style. Some are much harder to read than others. But basically, they are providing a lot of the same information, one way or another. Once you get used to them, you can pretty much figure out what any different one is actually reporting.
Order A Copy Of Your Credit Report
First you need to see where you stand in the world of credit.
Problems with your credit report are often difficult and time-consuming to correct, even when they're not your fault. That's why it's wise to review your record every year as well as several months before you begin shopping for a house or a mortgage.
Credit Glossary
Here's some common terms and aspects of the credit industry. Take a second to familiarize yourself with them.
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