what is the difference between prime and sub prime credit?

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Deep eyes asked:

what is the difference between prime and sub prime credit?

Question posted courtesy of: Cody
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    • This entry was posted on Thursday, May 1st, 2008 at 11:03 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    2 Responses to “what is the difference between prime and sub prime credit?”

    1. Stonk Says:
      May 2nd, 2008 at 7:43 pm

      For the lender for the level of defaulting payments subprime credit stands higher chance of defaulting payments subprime credit is relatively more likely to be repaid subprime credit stands higher interest rate than prime credit will attract higher chance of defaulting payments subprime credit.

    2. :::: Fact File::::: Says:
      May 4th, 2008 at 8:11 pm

      An easy one hehehehehe sowi.