Ontario Mortgage Agent Practice Exam 2025 - Free Mortgage Agent Practice Questions and Study Guide

Question: 1 / 400

What does an R9 rating on a credit report signify?

Account is up to date

Account is 120 days overdue

Account is in collections

An R9 rating on a credit report signifies that the account is in collections. This means that the account has been sent to a debt collector or collection agency for payment because the original creditor was unable to collect the debt. This rating is considered very negative and can significantly impact your credit score. Therefore, options A, B, and D are incorrect as they do not accurately reflect the severity of having an R9 rating on a credit report.

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Account has been repossessed

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