R-9 versus R-UR credit rating
Date: Tue, 10/21/2008 - 10:21
I think I asked the forum about this a while back and no one seemed to know the answer, the same for another forum..... anyhow, I spoke with a CA today that told me that if the rating of R-9 was showing up for a charge offed account, and that if it has been settled, it should show up as an R-UR which translated to unrated. I just thought that this was interesting to know and look for on my settled accounts.
The CA was wrong. Your unpaid chargeoff would should up as R09,
The CA was wrong. Your unpaid chargeoff would should up as R09, while your paid chargeoff would show up as R9P. A chargeoff is a 97 status while a paid chargeoff is a 62 status (or 64 ... doing this from memory). Either way a paid chargeoff is still bad for your credit.
Settled account just show up with a comment "AU" which shows "Settled for less then full balance". But comments don't affect the statuses.
(And actually R09 and R9P is specific to Transunion. TRW and Equifax don't show them that way).
