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Information on an Account in R9 Status

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Joined: 10 Oct 2009
kim09's page
Posts: 22

59 Magic Points

Subject: Information on an Account in R9 Status
Posted on Sun Oct 18, 2009 7:11 am  

I had a credit card debt sent to collections which I recently paid off. I now have an R9 rating. How do I get rid of it?

Joined: 03 Nov 2007
goodnatured's page
Posts: 3931

439 Magic Points

Posted on Sun Oct 18, 2009 7:07 pm  

what is a R9 rating?

Joined: 18 Oct 2009
SIA's page
Posts: 62

2524 Magic Points

Posted on Wed Oct 21, 2009 4:59 pm  

R-9 is revolving credit account indication status indicated by credit agencies. This account is charge off by creditor.

"Charge off" is an accounting term used by creditors. The meaning of charge off is transfering of account to bad debt from account receivable. Such charged off account appears as negative on the consumer’s credit reports.

You should keep in mind that you cannot go away from this item on your credit report, as it will be reported for about 7 years or more even after the fact that you paid it off.

Joined: 18 Oct 2009
SIA's page
Posts: 62

2524 Magic Points

Posted on Wed Oct 21, 2009 5:00 pm  

Resolving the charged off account appearing on your credit report should have a positive impact on your credit rating. The past delinquency will not be removed from your credit report, but it should reflect a $0 balance on this debt. While the past delinquency and charge off will continue to negatively impact your credit rating, the impact should be much less if you resolve the outstanding balance. Resolving this account should remove an outstanding balance from your credit profile, and it will reduce your "debt to available credit ratio," which should also have a positive impact on your credit rating.

Joined: 18 Oct 2009
SIA's page
Posts: 62

2524 Magic Points

Posted on Wed Oct 21, 2009 5:51 pm  

HI Goodnatured,

An "R9" status (frequently called a charge-off) is a credit report status that represents a trade-line that is severely delinquent (more than 6 months behind) and is a 'ding' on your credit report. If it is inaccurate and you pay the account off, the trade-line will simply say closed or paid in full, but the history of delinquency will remain.

If the account is indeed inaccurate, you should contest the accuracy of the report directly with the three primary credit bureaus and petition to have it removed
Trying to clean up my cre

Subject: R9
Posted on Tue Jun 15, 2010 11:30 pm  

I have an R9 rating on my credit report. If I pay this balance in full, will creditors take into consideration that I have paid this or will they likely turn me down until it is removed?


Joined: 08 Feb 2010
Aaron's page
Posts: 2632

48565 Magic Points

Subject: R9
Posted on Wed Jun 16, 2010 11:13 am  

Hi Guest,

It is good that you have taken up the task to clean up your credit report. Before you can make payments get the payments in writing. In addition request your creditors to agree to a "Pay for delete" (PFD) agreement. If they agree to PFD, all the negatives will be removed from your credit report. However, you should remember that not all creditors agree to a PFD.

You will get a sample "Pay for delete" letter with this community. You can change the texting of the letter, and use it according to your circumstance. Send the letter through certified mail, requesting a return receipt so that you can sue it as proof of their agreement.


Keep in touch Smile

Subject: Charged off
Posted on Sat Mar 24, 2012 12:46 pm  

So basically there is no way to have a charged off account that has been paid in full removed from your credit report besides waiting 7 years?

Subject: mgfPeZwpUJvQV
Posted on Fri Jun 15, 2012 6:56 pm  

What is the average aporpval rate for credit card applications?Does any have the industry standard for aporpval rate for all credit card applications? What percentage of credit card applications are approved?If you have the answer to this question, please provide a link or description of the source that states it. Thank you!

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