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:: What are R1 and R9?

1. "R" refers to a revolving account
2. "I" refers to an installment account
3. "M" refers to a mortgage account.

These ratings are supplied by the creditor and describe you as a borrower. A rating of "1" is good, and a rating of "0" means that they don't have enough information or history to give you a rating. Any other rating ("2" through "9" ) is considered negative.

Usually creditors don't look at these ratings when you apply for a loan. They normally look for late payments, charge offs, or collections.

 





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