Credit Ratings and What they Say About you?
a guide to interpreting credit ratings
Your credit rating can be the single most important factor in determining your ability to borrow money and at what interest rate. When lenders evaluate potential borrowers they  examine
their credit rating in conjunction with various other economic factors such as, income, total debt, assets, etc. This allows them to develop a complete picture of a borrower’s risk factor.
To get an idea of how your score rates take a second to examine the following charts.
Several years ago lenders did a study in an attempt to map the relationship between credit scores and the probability of defaulting on payments. The correlation is undeniable. By evaluating borrowers’ credit ratings along with
their financial particulars, lenders were able to determine borrower risk and assign interest rates accordingly.
Knowing this, we can now shed some light on what all of this means to you, the consumer, and your Bottom Line. | 
