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:: What does your credit rating mean?

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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