R-9 on Credit report ???

iVillage Member
Registered: 03-21-2002
R-9 on Credit report ???
2
Thu, 06-15-2006 - 1:50pm

I had until June 13th at 130pm to pay $30.00 on one of my credit accounts or they were going to charge my account off. I sent the payment via Quick Collect at 1pm. They didn't post the funds to my account until yesterday, so now my account will be a charge off. I talked to them today, and they said it would be an R-9.

What is an R-9?
How does that affect my credit report and score?
Will I ever be able to get credit again, for a car, house, etc?
What do I do about it?

I'm getting married in three years and worried about how that will affect our ability to get a house and such. My bf has EXCELLENT credit......I do not.

Any answers or advice?
Thanks!

iVillage Member
Registered: 05-23-2005
Thu, 06-15-2006 - 2:25pm
I think I can answer this, if I'm not correct, somebody else please clarify. The credit report that lenders see will have a code (kinda like a rating of the account.) R-1 is the best, the "R" means its a revolving account, and the "1" means it has been paid as agreed. If you have a rating of R-2, you probably have had a few lates with the account. In your case the R-9, is exactly what they've told you, I'm pretty sure 9 is the code for a charge off. HTH
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Thu, 06-15-2006 - 2:45pm

I think your explanation is a good one.

All my best,
Danni