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Account Status????

Discussion in 'Credit Talk' started by Scoreguy, Jul 24, 2003.

  1. Jul 24, 2003 #1
    Scoreguy

    Scoreguy Well-Known Member

    I have a quick question, i'd appreciate any help.

    I have an account on TU that shows R9 Charge off.
    The Creditor aggreed to change it to R1. Does that mean it will be a postive account now?

    Thanks
     
  3. Jul 24, 2003 #2
    Scoreguy

    Scoreguy Well-Known Member

    Bump??
     
  4. Jul 24, 2003 #3
    kingsx

    kingsx Active Member

    I dont claim to be a credit genius but I believe R1 is the best rating you can get, so that would be positive.

    Kingsx
     
  5. Jul 25, 2003 #4
    miles

    miles Well-Known Member

    R1 does mean it would be listed as a positive account. Are they offering this as a result of you paying a balance? If so, I would definitely get that in writing before you pay. Good luck!!
     
  6. Jul 25, 2003 #5
    the other

    the other Well-Known Member

    In addition to changing the account status to R1, are they going to remove any late pay notations in the payment history?
     
  7. Jul 25, 2003 #6
    Scoreguy

    Scoreguy Well-Known Member

    I paid the account 5 years ago in settlement. I called the lady and she said she would fax a letter stating R1.
     
  8. Jul 25, 2003 #7
    jlynn

    jlynn Well-Known Member

    Re: Re: Account Status????

    R1 alone is not a postive account. It is currently a positive account, but if there are old lates reporting its still a negative.

    I have a couple of accounts that are R1 now, but have other derogatory info reporting.
     

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