settlements

Anonymous — Sat, 05 May 2007 01:29:46 GMT

anyone know what a R9 rating is?

Re: settlements

Tuscani — Sat, 05 May 2007 02:16:14 GMT

R0 Too new to rate; approved but not used

R1 Pays (or paid) within 30 days of payment due date or not over one payment past due

R2 Pays (or paid) in more than 30 days from payment due date, but not more than 60 days, or not more than two payments past due

R3 Pays (or paid) in more than 60 days from payment due date, but not more than 90 days, or not more than three payments past due

R4 Pays (or paid) in more than 90 days from payment due date, but not more than 120 days, or four payments past due

R5 Account is at least 120 days overdue, but is not yet rated "9"

R7 Making regular payments through a special arrangement to settle your debts

R8 Repossession (voluntary or involuntary return of merchandise)

R9 Bad debt; placed for collection; moved without giving a new address

Other rating indicators that might be found on a report are "I" for installment credit or "O" for open credit line.