Types of Accouints
Obtain Reports
Understand Reports
Types of Accouints
Rating Accounts
Status Dates
Account History
Public Records
CREDIT TUTOR
Table of Contents
Overview
Credit Perspective
Collection Agencies
Credit Reporting
Correct Your Credit
Appendix 1
Appendix 2

TYPE OF ACCOUNTS

Each account has a definition. These would generally be "revolving", "installment", or "open" (net 30 terms, payable in full upon receipt of invoice).  On TRW reports you will have to decode that information from the supplied definitions. On your CBI and Trans Union reports, the accounts are defined as "R" for revolving, "I" for installment, and "O" for open.

Copyright  © 1989-1990 Barry Rubin
 All rights reserved, including the right to reproduce this guidebook in any form, or used in any manner whatsoever, without the written permission, as provided by U.S. Copyright Laws.