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What is the difference between and R1 and an R9 on my credit report?
"R" refers to a revolving account, "I"
refers to an individual account, and "M" refers to a mortgage account.
The creditor supplies this rating. It is their rating of you as a
borrower. There are only two ratings that are not negative. A rating of
"1" is good and a rating of "0" means that they don't have enough
history with you to rate you.
Every other rating, "2" through "9" is
negative. In our experience, creditors don't look at these ratings when
you apply for financing. The creditor usually looks for late pays or
other notations such as "charge off" or "collections." However, any
rating but a "1" or "0" indicates that you have problems with the
account.
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What is a credit report?
What information appears on a credit report?
How long do negative items stay listed?
Can I see my credit report?
How much bad credit does it take to be denied credit?
Who looks at my credit report?
What is the difference between an R1 and an R9?
What is a charge off?
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