B Credit

credit score rating will be used to evaluate the trustworthiness of borrowers by most financial institutions, decided by the insurers and other companies to offer on the type of goods to the customer, from the employers the responsibility of their employees to be evaluated.

FICO Score

Generally, FICO (Fair Isaac Corporation) score is the most common rating model in the U.S., ranging from 300 to 850 The exact formula for calculating FICO credit score is not known, but FICO, the following factors for determining credit rating and their approximate weighted contribution noted:

35% - previous payment history
30% - amount of debt
15% - Length of credit history
10% - of new credit obtained recently
10% - Types of credit used
Understanding A Credit, B Credit, Credit-C, and D-Credit Notations

Credit scores can understand a little confusing. Even within a FICO score, there are additional rating, which can vary from lender to lender.