A+ credit is 730+. Borrowers in this range have very minimal if any hurdles to approval.

A credit is 680 – 729. Borrowers in this range almost always get approved but sometimes rates are slightly higher but very near A+ rates.

B credit is 640 – 679. Borrowers in this range often see higher rates and loan denials while still not common are more likely the lower you fall on this range.

C credit is 600 – 639. Borrowers in this range are outright denials for some lenders including one large national financial institution that I’ve worked for in the past. Because of the large banks that auto deny at this level it forces many in this group to turn to sub-prime lenders. But many good “prime” lenders especially community and regional banks and credit unions comfortably lend to borrowers with this score.

D credit is 550 – 599. Borrowers in this range are squarely in sub-prime by any definition. Especially in the credit union community there are a group of institutions who are willing to look beyond the score and evaluate the borrower on his/her merits.

E credit is below 550. Just like the group above approvals are possible from strong reputable lenders. But approvals are progressively less likely without turning to sub-prime or even payday lenders.

Keep in mind credit decisions are often based on many factors beyond simply credit (or score). Income & collateral being 2 of the most important factors. But due to fair lending laws for consumer credit pricing decisions are almost always based on score and collateral (i.e. Rate sheet for mortgages different than auto loans) not income or other factors which impact the decision to approve.