Credit agencies rank consumers on a nine-point scale.
Here's what the ratings mean:
R0 - Too new to rate; approved but not used
R1 - Pays within 30 days of billing, or as agreed
R2 - Pays in more than 30 days but less than 60 days, or one payment past due
R3 - Pays in more than 60 days but less that 90 days, or two payments past due
R4 - Pays in more than 90 days but less than 120 days, or three or more payments past due
R5 - Account is at least 120 days overdue, but not yet rated R9
R6 - no R6 exists
R7 - Making regular payments through a consolidation order or similar arrangement
R8 - Repossession
R9 - Bad debt; placed for collections or bankruptcy
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