Here is the explanation of the credit indicators you can see on consumer credit reports. These credit indicators show two things - the types of debt and the grade of delinquency.
Types of Debt
I - Installment Loans with fixed number of payments, i.e. auto loans
R - Revolving Credit, like credit card or home equity line of credit
O - Open Loans, when entire amount is due each month
M - Mortgage Loan
Grades of Delinquency
The numbers to the right of the type designating letters, i.e. R2, I4.
1 - pays as agreed never late
2 - 30 days late
3 - 60 days late
4 - 90 days late
5 - 120 days late
7 - bankruptcy
8 - repossession
9 - charge off or collection
