READING YOUR CREDIT BUREAU
TERMS OF SALE
O – Open Account
R – Revolving or option
I – Installment
CODES FOR CURRENT MANNER OF PAYMENT
0 – Too new to rate; Credit approved but not used
1 – Pays (or paid) within 30 days of billing; pays account as agreed
2 – Pays (or paid) in more than 30 days, but not more than 60 days, or not more than one payment past due.
3 – Pays (or paid) in more than 60 days, but not more than 90 days or two payments past due.
4 – Pays (or paid) in more than 90 days, but not more than 120 days, or three or more payments past due
5 – Account is at least 120 days overdue but is not yet rated 9. (Code 6 doesn’t exist)
7 – Making regular payments under a consolidation order or similar arrangement (eg. Debt Management Program)
8 – Repossession (indicate if it is a voluntary return) of merchandise by the consumer.
9 – Bad debt; placed for collection; skip