Different lenders use different rules for determining how big a risk a borrower is. Here’s how you’d be ranked at Presidential Home Finance in Wayne, Pa., which lends in 22 states:

A credit virtually all bills current for the past two years and no late payments on your mortgage loan.

B credit up to 60 days late on consumer debt three times in the past 12 months.

C credit late on consumer debt plus up to three late mortgage payments.

D credit late debt payments plus debt chargeoffs, judgments or a bankruptcy.