What does a 2 mean on a credit report?

2 = 60 days past due date. 3 = 90 days past due date. 4 = 120 days past due date. 5 = 150 days past due date.

What does 0 mean on a credit report?

Usually, a zero credit score means that there’s not enough credit history on your credit report to calculate a score. The credit bureaus don’t have enough information about your spending history to calculate a score for you.

What is damage credit?

Credit damage is a special damage consisting of reduced credit capacity, increased out-of-pocket expenses, or loss of credit expectancy because of third-party actions that cause negative information to appear on a client’s credit report.

How do you build credit with damage?

Taking Steps to Rebuild Your Credit

  1. Pay Bills on Time. Pay all your bills on time, every month.
  2. Think About Your Credit Utilization Ratio.
  3. Consider a Secured Account.
  4. Ask for Help from Family and Friends.
  5. Be Careful with New Credit.
  6. Get Help with Debt.

What does 0 mean on Equifax?

The scores are explained below: O: Account paid on time. 1: 0-29 days overdue. 2: 30-50 days overdue. 3: 60-89 days overdue.

What does 01 mean on credit report?

Rating indicators A good credit rating to strive for would be I1 or R1 or O1. 0 – Too new to rate; approved but not used. 1 – Paid within 30 days of the due date or paid as agreed. 2 – Paid within 31-60 days from the due date or not more than two payments past due.

Is 2 years of credit history good?

Age well for best results While six months is the minimum age before you’re fully scorable, that’s the bottom of the range — way at the bottom. Most lenders (and scoring models) consider anything less than two years of credit history to be little more than a decent start.

Is a 0 credit score good?

No one has a credit score of zero, no matter how badly they have mishandled credit in the past. The most widely used credit scores, FICO and VantageScore, are on a range from 300 to 850.

How do I rebuild my damaged credit score?

7 Ways to Help Rebuild Credit

  1. Review Your Credit Report. Your credit score is affected by a number of factors.
  2. Pay Your Bills on Time.
  3. Catch Up on Overdue Bills.
  4. Become an Authorized User.
  5. Consider a Secured Credit Card.
  6. Keep Some of Your Credit Available.
  7. Stay on Top of Your Progress.