When a credit grantor reviews a Credit Report, there are only certain items they are looking for. First and foremost, is the applicant's Credit Score. Some Credit Reports do not report a Credit Score but do report a "rating" of the Credit File ranging from "Excellent", "Good", "Adequate", "Fair" and "Poor".

The next step is to review the "Ratings" of each account with R1 or I1 being the best to R9 or I9 being the worst.

From there, the credit grantor will review the number of inquiries made to the Credit File within the last 12 months with 3 or less inquiries considered normal. An excess number of inquiries or inquiries received from collection agencies or debt buyers will certainly get the attention of a credit grantor.

And finally, a credit grantor will look for public information reporting such as bankruptcies, consumer proposals, judgments, liens, repossessions, credit counselling and orderly payment of debts.

Occasionally, a credit grantor may review the commentary associated with an account, but usually, this does not factor in to the decision as to whether to grant or deny credit and definitely has no effect on a Credit Score.

Once a credit grantor is satisfied at this point, the last step is to review the applicant's income and current debt load which they can obtain from the Credit Report.

While it is important to have accurate and correct information shown on a Credit Report, it really has little or no bearing as to whether a credit applicant is granted or denied credit.

The fact that you have 3 R9 ratings is the main reason why you are "tagged" with high interest credit including an auto loan. You may wish to pursue RBC to change the commentary regarding your student loans but this will have no effect on your Credit Score. The R9 ratings will continue to be reported on your Credit Report until those accounts are purged.