A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. A credit rating is also known as an evaluation of a potential borrower's ability to repay debt, prepared by a credit bureau at the request of the lender (Black's Law Dictionary). Credit ratings are calculated from financial history and current assets and liabilities. Typically, a credit rating tells a lender or investor the probability of the subject being able to pay back a loan. However, in recent years, credit ratings have also been used to adjust insurance premiums, determine employment eligibility, and establish the amount of a utility or leasing deposit.

A poor credit rating indicates a high risk of defaulting on a loan, and thus leads to high interest rates, or the refusal of a loan by the creditor.

Personal credit ratings

An individual's credit score, along with his or her credit report, affects his or her ability to borrow money through financial institutions such as banks.

The factors which may influence a person's credit rating are:

  • ability to pay a loan
  • interest
  • amount of credit used
  • saving patterns
  • spending patterns
  • debt

In different parts of the world different personal credit rating systems exist.

From Wikipedia under the GNU Free Documentation License
Fri Sep 3 17:00:30 2010

How much would my credit rating decrease if I blew my brains out?
Q. I'm planning on killing myself sometime this week, and my FICO credit score is around 680. Will it show up on my credit report that I sucked down a revolver and painted the walls with my brains, and if so, how will this affect my credit rating? The internet is serious business, so serious responses only, please.
Asked by All Right - Tue Sep 8 03:07:50 2009 - - 3 Answers - 0 Comments

A. It will go back to zero, lol.
Answered by emily_st_45 - Tue Sep 8 03:12:16 2009

How do I find the best credit card for my credit rating?
Q. I have a credit card but want to transfer the balance as I'm paying a fortune in interest. I got this card when I had a bad credit rating. Now my credit rating is average according to experian so how can I find the best credit card to transfer to which I will be accepted for? I don't want to apply for cards which I won't be accepted for because it will bring down my rating.
Asked by Pickle - Fri Mar 26 07:42:15 2010 - - 3 Answers - 0 Comments

A. There's no way to tell unless you apply, I have exactly the same problem, I bet you have a capital one card and they recently put up the APR to 40%!!!
Answered by Jimmy Jones - Fri Mar 26 07:45:21 2010

How can you get your credit rating checked free and not have to worry about future charges?
Q. The 3 main credit checking companies ask for your bank acct# so they can bill you if you want to keep their services, and they say you can cancel at anytime within a certain amount of days, but they don't say how or who to contact, that is, by giving a telephone # or email address, etc., at least, not that I could see when I tried to get my credit rating checked. I didn't follow through with the checking process because I didn't trust them: please advise?
Asked by rpgarcia1@sbcglobal.net - Tue Dec 30 09:30:17 2008 - - 4 Answers - 0 Comments

A. Keep in mind that major lenders do not look at your credit score. They look at your reports in detail, along with your employment history and salary. Remember not to focus on the scores. Focus on having top notch credit by getting a credit card and paying it in full each month. Never, ever pay interest. For some reason major lenders also ask if you have a checking and at what bank (my mtg co did). Keep a checking in good standing. /
Answered by Judy - Tue Dec 30 09:51:32 2008

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Mon Sep 6 10:36:58 2010

From Wikiquote under the GNU Free Documentation License.
Sat Mar 13 17:33:21 2010

See also:

Custom search only Credit rating sites:

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Mon Sep 6 09:21:18 2010
How to improve your credit rating - MyFinances.co.uk
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From Google News Search: "Credit rating"
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Credit Rating
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Credit Rating
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status of an individual Negative or less score on ones credit report would mean that he would need to take a certain number of steps in order to ensure that he remains financially stable First of all many people are not aware of the steps in which one can start to clean up their credit reports It is a very important step that needs to be taken if one needs to have

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AP Photo Lee Jin man

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weka27c credit rating png

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How To Get A Good Deal On A Florida Loan | Current Mortgage Jumbo ...
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Jim Jones

hu, 02 Sep 2010 10:54:23 GM

Having a good . credit rating. is very important if you want to be offered the best rates on loans. You should know where you stand with your . credit rating. and work towards improving it. With a better . credit rating. , then yo will be offered ...

From Google Blog Search: "Credit rating"
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Senate passes amendment on debit and card swipe fees
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Senate passes amendment on debit and card swipe fees

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Retailers won a long-sought victory late Thursday as the Senate approved a measure that would give them more power over the fees they pay to banks ... washingtonpost.​com.

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Learn to improve your credit report, credit score, credit rating by knowing your consumer rights. articlesbase.co​m.

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Sun, 20 Jul 2008 17:00:00 PDT

The world's first independent carbon credit rating service has been launched in London as carbon trading gathers pace.. green.tv.

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