on equifax what is I1 and R9?

Discussion in 'Credit Talk' started by star, Nov 1, 2001.

  1. star

    star Well-Known Member

    what is I9 and R7 and R9 mean and does only equifax use that?
  2. Terry

    Terry Well-Known Member

    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.
  3. star

    star Well-Known Member

    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?
  4. Hal

    Hal Well-Known Member

    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.
  5. star

    star Well-Known Member

    thank you
  6. missy73

    missy73 Well-Known Member

    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?
  7. mindcrime2

    mindcrime2 Well-Known Member

    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.
  8. Beaker

    Beaker Well-Known Member

    I believe that I7/R7 is also the designation used for accounts under CCCS.

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