Equifax I9 or I5

Discussion in 'Credit Talk' started by molly, Apr 22, 2001.

  1. molly

    molly Well-Known Member

    I am cleaning up my papework and as far as my credit reports go I am only keeping my original report from 7-2000 and the most current one. 7-2000 was when I started my repairs.

    Check this out, I just noticed:

    State Student Aid
    Individual account
    Date opened 6/95
    Months reviewed 45
    Date of last activity 6/95
    balance 0
    status I5
    date reported 7/99
    Previous payment history 1 times 30 days late: 1 time 60days late; 1 time 90+days late
    Previous status: 12/96 - I5, 12/96 - I3

    Now as of March 24th this is how its listed:

    State student Aid
    Individual account
    date opened 6/95
    months reviewed 45
    date of last activity 6/95
    high credit $2523
    Balance 0
    status I9
    Date reported 3/01

    Isn't this worse?

    I5=Pays or paid 120+ days past the due date; or collection account
    I9= charged off to bad debt
    I3=60+days past due
  2. MikeB

    MikeB Banned

    I9 is charged off (paid or not). It looks like they wrote the loan off, and you did or did not pay it after the chargeoff. I9 is BAD!

  3. mimi

    mimi Guest

    I agree. I9 is the worst credit rating. I've seen alot of those in my days. But they say if it shows paid, it helps. Hasn't for me though.

Share This Page