Comments on: The Best Credit Grade http://www.lendingstats.com/blog/2007/09/29/the-best-credit-grade The LendingStats Blog Tue, 06 Jan 2009 12:24:30 +0000 By: LendingStats http://www.lendingstats.com/blog/2007/09/29/the-best-credit-grade#comment-92 LendingStats Fri, 19 Oct 2007 02:15:03 +0000 http://www.lendingstats.com/blog/2007/09/29/the-best-credit-grade#comment-92 Your right, I rather have no delinquencies on a C borrower then an AA borrower with 1 delinquency. I noticed that the credit rating puts a lot of emphasis on the # of credit lines you have and how much of that is being utilized vs. say delinquency history. Your right, I rather have no delinquencies on a C borrower then an AA borrower with 1 delinquency.

I noticed that the credit rating puts a lot of emphasis on the # of credit lines you have and how much of that is being utilized vs. say delinquency history.

]]> By: JobLowe http://www.lendingstats.com/blog/2007/09/29/the-best-credit-grade#comment-87 JobLowe Sat, 13 Oct 2007 23:07:02 +0000 http://www.lendingstats.com/blog/2007/09/29/the-best-credit-grade#comment-87 I don't know how much faith to place in Prosper's grading system. I borrowed once and was surprised to find myself a AA (my mid range FICO is 679 from the sins of my youth). I paid the investors off quickly and made good on my note but after that I got pretty serious about quality paper, low DTI, no DQ and lending on listings requesting small amounts of money. My guess is that these fundamentals probably tell you more than the credit grade. I don’t know how much faith to place in Prosper’s grading system. I borrowed once and was surprised to find myself a AA (my mid range FICO is 679 from the sins of my youth).

I paid the investors off quickly and made good on my note but after that I got pretty serious about quality paper, low DTI, no DQ and lending on listings requesting small amounts of money. My guess is that these fundamentals probably tell you more than the credit grade.

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