1. "R" refers to a revolving account
   
2. "I" refers to an installment account
   
3. "M" refers to a mortgage account.
   
   
   These ratings are supplied by the creditor and describe you as a borrower. A rating of "1" is good, and a rating of "0" means that they don't have enough information or history to give you a rating. Any other rating ("2" through "9" ) is considered negative.
   
   Here is more:
   Number Rating
   R0 -> Too new to rate; approved but not used
   R1 -> Pays within 30 days of billing, or pays as agreed
   R2 -> Pays in more than 30 days but less than 60 or one payment past due
   R3 -> Pays in more than 60 days but less than 90 or two payments past due
   R4 -> Pays in more than 90 days but less than 120 or three or more payments past due
   R5 -> Account is at least 120 days past due but is not yet rated R9
   R6 -> No rating exists
   R7 -> Paid through a consolidation order, consumer proposal or credit counselling debt management program
   R8 -> Repossession
   R9 -> Bad debt or placed for collection or bankruptcy

Usually creditors don't look at these ratings when you apply for a loan. They normally look for late payments, charge offs, or collections.