An informal term referring to borrowers and applicants with extremely damaged and abysmal credit, usually with credit scores below 500. The only financing hope for D-credit borrowers would be expensive non-conforming loan programs. D-grade borrowers are often currently in foreclosure , bankruptcy or repossession—or have just completed such actions within the past year. Consumers can still be graded "D" when the foreclosure , bankruptcy or repossession is two to five years old if that consumer has not made strides in rebuilding credit. However, with proper attention to debt payments, a D-credit borrower can usually return to A-grade within five to seven years. For more information, see the "Analyzing Credit Reports" article in the "About Loan Processing" section.

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