Excellent: Excellent and long term positive credit history with multiple credit cards, car loans, and mortgages, with no late payments, no charge offs, established lines of credit with no outstanding or ongoing issues.

Good: Average credit history, established lines of credit with no outstanding or ongoing issues. No more than one 30 day late payment, no liens, bankruptcy, repossession or charge-offs.

Fair: One or two 30-60 day late payments on mortgage or credit cards, previously discharged bankruptcy over 2 years, no more than two charge-offs. Average credit history with established lines of credit with no currently outstanding or ongoing issues.

Poor: Little or no established credit history or an established credit history that includes any of the following: Recent bankruptcy proceedings or previously discharged bankruptcy less than 2 years old, consumer credit account(s) with payments over 60 days late, missed or over 90 day late mortgage payments, liens, repossessions(s), foreclosures, collection issues, or charge-offs.

The foregoing information is provided for educational purposes only and is not to be considered conclusive evidence of your creditworthiness. Your ability to obtain financing is dependant on numerous factors, some of which may not be listed above. Approval of credit is in the sole discretion of the lending institution with which you apply.