Prime: (perfect health) Borrowers with a credit score higher than 680 are classed as “prime borrowers”.  A borrower in this class will be able to obtain a decent interest rate on loans for their mortgage, automobile and credit cards. 

Sub-prime: (Need to work out)  Borrowers with a credit score lower than 680 are classed as “sub-prime borrowers”.  A borrower in this class will most likely obtain a higher interest rate on loans for their mortgage, automobile and credit cards.

Shafted: ( needs Credit CPR)  Borrowers with a credit score lower than 560 are classed as “shafted borrowers”. Many lenders and loan officers distinguish borrowers in this class as being at very high risk.  A borrower in this class may be able to obtain a loan or credit card, but the interest rate will be incredibly high, somewhere between 15 to 23% or not be approved at all.  Shafted means unreliable!   Being classified as a “shafted borrower” is not recommended by any means.