I9 means installment loan charge off R9 means revolving charge off (mc,visa,retail store) R7 is new to me never heard of that one.
I have I1 on two auto loans, so thats good right? and I have an I7 on ford credit that is didnt get paid off thru my 13, Im guessing thats not good, but how would you explain my electric company has me listed as having lots of lates but status is I1-whats that mean?
I = Installment account R = Revolving Account 00 Too new to rate, or no rating 01 Pays (or paid) within 30 days of payment due date, or not over one payment past due 02 Pays (or paid) within 30 days of payment due date, but not more than 60 days, or not more than two payments past due 03 Pays (or paid) within 60 days of payment due date, but not more than 90 days, or not more than three payments past due 04 Pays (or paid) within 90 days of payment due date, but not more than 120 days, or not more than four payments past due 05 Pays (or paid) within 120 days of payment due date or not more than four payments past due 07 Making regular payments under Wage Earner Plan or similar arrangement 08 Repossession 8A Voluntary Repossession 8D Legal Repossession 8P Making payments to account with MOP/08 8R Repossession redeemed 09 Bad debt; placed for collection 9B Collection account 9P Making payments or paid with an MOP of 09 or 9B UC Unclassified UR Unrated This is for Transunion - I think the others are similar. I do recall one CRA uses R9 to also identify accounts paid through credit counseling.
what if your status is listed as I1 but under Previous Payment History it lists out late pays? For evaluation and scoring purposes, will most stop at I1?
That's still considered an "adverse" account. I had a c.c. that was paid/paying as agreed (or R1 in Equifax language), however it still showed up under derog/adverse accounts.
