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What does it mean for your account type to read revolving on your credit report?
Wiki User
∙ 13y ago
Credit cards are revolving accounts. Whereas car loans and home loans are not. A revolving account is one where you can carry a balance and charge it back up as you pay it off.
Wiki User
∙ 13y ago
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What does ROIMC mean on a credit report?
On a TransUnion credit report, the characters ROIMC have the following meaning: ROI = R01 = Revolving account that is current MC has a number of different meanings on the credit report as follows: MC = May mean that the terms of the loan (M) have been cancelled (C) MC = May indicate that the industry is medical (M) or clothing (C) MC = May indicate that the account is a joint contract (C) through marital (M) means
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
What does it mean when an unpaid account is closed on your credit report?
that it has been closed by either you or the company- either way it shows as a negative in your report
How can something be removed from your credit report?
It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.
What does it mean when your credit report status says collection account?
You have to go to your local bank and ask for a refferal and all you do is sign it
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
What does ROIMC mean on a credit report?
On a TransUnion credit report, the characters ROIMC have the following meaning: ROI = R01 = Revolving account that is current MC has a number of different meanings on the credit report as follows: MC = May mean that the terms of the loan (M) have been cancelled (C) MC = May indicate that the industry is medical (M) or clothing (C) MC = May indicate that the account is a joint contract (C) through marital (M) means
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
If you have an outstanding child support debt on your credit report what does it mean when your credit report states that this account will be positive in the year 2010?
By that date any delinquencies will be deleted because they'll be considered a write-off on your account.
What does 09P mean on credit report under rating?
This is the rating of your account. A R09 basically means that it is a charged off account.
In a credit report what do individual ratings of 19 09 or R9 mean?
These are charged off accounts: Installment Loan, Open loan that is paid in full each month, and Revolving Line of Credit.
What does it mean when an unpaid account is closed on your credit report?
that it has been closed by either you or the company- either way it shows as a negative in your report
What does it mean on your credit report that says updated?
The/Your account is legitimate. Whatever has been reported to the credit bureau's it has been verified as valid.
What does election of remedy on credit report mean?
What does election of remedy on a credit report mean
How can something be removed from your credit report?
It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.
What does IUR mean on a credit report under the category rating?
It means that the particular item on the credit report has insufficient reporting information from the creditor and therefore cannot be rated at that particular time. IUR might stand for Information un-rated. This could apply to a new account or an account that does not report information to the particular credit bureau.
What does it mean when your credit report status says collection account?
You have to go to your local bank and ask for a refferal and all you do is sign it
