Question on "unrate"

Discussion in 'Credit Talk' started by Desdemona, Jan 26, 2001.

  1. Desdemona

    Desdemona Well-Known Member

    Hello All

    I have been following your posting for a few months now, even posted once or twice, but I have a question that I tried asking before but it remains unanswered.

    What does an "unrated" status mean on Trans Union?

    Thank you all for your posting I have learned a lot from you all.

    GEORGE Well-Known Member

    RE: Question on "unrate&q

    Just what it says..."UNRATED" doesn't help you, doesn't hurt you.

    GEORGE Well-Known Member

    RE: Question on "unrate&q

    IF you made ALL payments on time, and it is closed, it would be a good idea to ask for it to be "RATED" R1 or I1 or simular rating and "ACCOUNT CLOSED BY CONSUMER" AND NEVER LATE.
  4. Angela

    Angela Guest

    RE: Question on "unrate&q

    I agree with GEORGE's comments.

    It is also suspected that:

    As an example you take out a $1,000 / 1 year loan. You pay it off in 3 payments instead of 12. the loan becomes "unrated" because there is not enough loan history as 12 payments were not made. Some people believe that if you make 9 or more of the 12 payments, it will be "paid in full, never late". Loan scoring is a little scary as we don't really know the formula. thus, the answers are vague about "unrated".

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