A-Credit

Credit ratings have always been judged by scores provided by credit agencies which come from the information on an individual held by each agency. The scores usually range from 300 to 850 with 660 being the minimum score that a borrower should have. Lending companies generally look at the scores only and do not bother themselves with the information that the scores came from. Different credit agencies generally have different scores for each person so sometimes lenders find the median score from each of the agencies to determine a borrower's credit worthiness.

A new Vantage score has been in place since early 2006. These scores range from 501 to 990 and are graded. An A grade credit rating is any score from between 901 and 990 and this is the grade that will be aimed for if the Vantage Score replaces the old form of scoring. If it is accepted over the long-term, then the actual score number may not be relevant and the lending companies may only consider the actual grades. An A grade will be the top of the table and anyone whose credit worthiness is of this grade will find it a lot easier to get credit than a person with a lower grade.

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