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what does R1 mean?

Discussion in 'Credit Talk' started by frankowes, Aug 2, 2001.

  1. Aug 2, 2001 #1
    frankowes

    frankowes Well-Known Member

    Jusr got my disputes back from equifax. What does R1 mean? Interesting that this isn't on the online report.

    Also I have a refinanced student loan that is I1 ?
    And another one that is I5 ?

    Is there a website that explains this stuff?
     
  3. Aug 2, 2001 #2
    GEORGE

    GEORGE Well-Known Member

    R1 REVOLVING PAID AS AGREED
    I1 INSTALLMENT PAID AS AGREED
    I5 INSTALLMENT 120 DAYS LATE
     
  4. Aug 2, 2001 #3
    MikeB

    MikeB Banned

    There is a legend on your credit report that explains it. I am sure you can search for it all here too.
    R1 means Revolving account, never late. R0 is revolving , too new to rate. The higher numbers mean lates and 9 is a chargeoff, bad.
     
  5. Aug 2, 2001 #4
    frankowes

    frankowes Well-Known Member

    ok cool.....there is no legend on my report.


    thanks.
     
  6. Aug 2, 2001 #5
    roni

    roni Well-Known Member

    the legend is at the end on the additional pages of info.... separate from the actual credit info....on explanation page
     
  7. Aug 2, 2001 #6
    frankowes

    frankowes Well-Known Member

    There is no legend there.

    I guess a deferred student loan with I0 means I didn't have to pay?
     
  8. Aug 2, 2001 #7
    GEORGE

    GEORGE Well-Known Member

    I0 INSTALLMENT NOT RATED OR TOO NEW TO RATE
     
  9. Aug 2, 2001 #8
    frankowes

    frankowes Well-Known Member

    But they're from 1993, 92, 91. Why don't they just get rid of them?
     
  10. Aug 2, 2001 #9
    roni

    roni Well-Known Member

    b/c good accounts can stay for 10 years or indefinitely
     
  11. Aug 2, 2001 #10
    frankowes

    frankowes Well-Known Member

    I guess so! I had a hudson goodman account from 1990, charged a pair of earings for 200.00. it's still on my TransUnion. I wonder If I should try and open that account again.
     

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