WIRE - Credit Rating Description & Guideline

Credit Rating Description

	The following ratings and descriptions are only guidelines used by our subscribers to rate and interpret how the credit was serviced. A rating of 1 indicates the best rating, 9 the worst, and 5 or 6 the gray areas. A rating of 0 indicates that either the subscriber did not provide any rating information, or that the rating information supplied was ambiguous. Meaning is just a description of the type of activity subscribers have had with customers who fall into a particular rating. Follow up activity varies from company to company.

Rating	Meaning
0	Unrated - No valid credit rating information received from subscribers.
1	Excellent account - Always paid on time.
	Never in arrears
2	Excellent account - Usually paid on or before time.
	May sometimes fall into 0-30 day arrears category.
3	Good account - Usually paid on time.
	Sometimes a small arrears. Customer may skip a month but will catch up in a subsequent month. Arrears not greater than 31-60 days.
4	Fairly good account.
	Account is sometimes more than two months in arrears but not more than three months in arrears. Account will probably be completely paid within 60-90 days of the expiry date.
5	Fair account - The account is being paid.
	Follow up calls, letters and/or visits may have been used to get paid. Despite occasional arrears of 91-120 days customer would more than likely get credit again. Account will probably paid within 90-120 days of expiry.
6	Poorly paid account.
	Customer ignores the standard letters and telephone calls. Bailiffs, in-house debt collectors or other follow up action may have been required to get paid. Account will probably be paid 120 or more days past the expiry date.
7	Very bad account.
	Have had to use bailiff(s), collection agency or Attorney-at-Law to get paid.
8	Terrible account.
	Court action was taken or is being taken.
9	Uncollectable account.
	Account written off with no hope of collection. May have obtained judgment but still not being paid. Customer may have skipped jurisdiction or can't be found.