Admin Table of Contents
- 1 What does I8 mean on a credit report?
- 2 What is a good FICO 8 score?
- 3 What is 8s highest credit score?
- 4 What is CAF on my credit report?
- 5 Why is my FICO score 9 lower?
- 6 What does Mo Rev mean on credit report?
- 7 Is 873 a good credit score?
- 8 What does a rating of R1 mean on a credit report?
- 9 What does it mean when you see a B on your credit report?
- 10 What does a rating of R0 mean on a credit card?
What does I8 mean on a credit report?
| Installment | Revolving or Option Account | Meaning |
|---|---|---|
| I5 | R5 | More than 120 days or four payments past due |
| I7 | R7 | Making regular payments under WEP. |
| I8 | R8 | Repossession |
| I9 | R9 | Bad debt; placed for collection |
What is a good FICO 8 score?
700
FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score. There are also industry-specific versions of credit scores that businesses use. For example, the FICO Bankcard Score 8 is the most widely used score when you apply for a new credit card or a credit-limit increase.
What does a 9 mean on Experian credit report?
9 = 66, 67, 86, 88, 91, 92, 93, 97. N = Current account/zero balance — no update received for this trade. 0 = Current with Zero balance reported on tape. – = No history reported that month.
What is 8s highest credit score?
850
If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.
What is CAF on my credit report?
The Corporación Andina de Fomento (CAF) – Participant’s relationship is founded on the pro rata principle, where the creditors of the client participate proportionately as partners in the rights and obligations they have undertaken under the loan agreement, based on the respective financial contributions made.
What is an I 9 rating on credit report?
I1 is an indication of a good payment history and I9 is an indication of a poor payment history. “Charged-Off.” This means the creditor has acknowledged your debt as a loss in its financial records.
Why is my FICO score 9 lower?
FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.
What does Mo Rev mean on credit report?
number of months
MO Rev – number of months reviewed. • 30/60/90+ – number of times the account has been 30, 60, or 90 days or greater past due.
What is a 9P payment status?
9P. Making payments or paid with an MOP of 09 or 9B.
Is 873 a good credit score?
An 873 credit score is excellent.
What does a rating of R1 mean on a credit report?
The number of R1 ratings is directly proportional to your credit score. It is extremely important. A rating of R2 indicates that you had a late, 30-day payment. Simply put, this means you missed a payment.
What does it mean when you get a code 9 on your credit report?
This continues up to “7” which means 180 days late. After that you receive a code “9” which means the account has gone to collections. If you see a code “B” this means there was a payment change and no other code is applicable. Each of the reporting companies uses a different code series. View the Trades section on your Experian report.
What does it mean when you see a B on your credit report?
If you see a code “B” this means there was a payment change and no other code is applicable. Each of the reporting companies uses a different code series. View the Trades section on your Experian report. Under this section you will see codes relating to loans and bank cards with a credit history.
What does a rating of R0 mean on a credit card?
A rating of R0 indicates that you have the newly formed history with this creditor. An R0 rating means that there is not enough information to form an accurate history for this account. A rating of R1 Indicates that you have paid this debt on time throughout the course of the account’s history.