Credit Report Account Status Codes Explained
Understand what different account status codes mean on your credit report, from 'current' to 'charge-off,' and how each affects your credit score.
Key Takeaways
- 'Current' and 'Paid as Agreed' are positive statuses
- 'Charge-off' and 'Collection' are severe negatives
- Payment status shows your payment history pattern
- Closed accounts can be positive or negative
- Status errors should be disputed immediately
Positive Account Statuses
Current / Open
The account is active and in good standing. You're making payments on time. This is what you want to see on active accounts.
Paid / Paid as Agreed
You've satisfied the debt according to the original terms. For installment loans, this means you made all payments. For credit cards, it typically appears when the account is closed with zero balance.
Closed
The account is no longer active. This can be positive (paid and closed) or neutral (closed at consumer's request). Check the accompanying notes for context.
Positive Status Summary
- Current: Account active, payments on time
- Paid as Agreed: Loan completed per terms
- Paid: Balance satisfied
- Closed (zero balance): Closed in good standing
Negative Account Statuses
Charge-Off
The creditor has written off your account as a loss. This typically happens after 180 days of non-payment. You still owe the debt, and it may be sold to collectors. This is one of the most damaging statuses.
Collection
The debt has been sent to a collection agency. This may appear alongside the original account or separately. Collection accounts are serious negatives that stay on your report for 7 years.
Settled
You paid less than the full amount owed, and the creditor accepted it. While better than unpaid, "settled" indicates you didn't fulfill the original terms and is a negative status.
Foreclosure
Your property was repossessed by the mortgage lender due to non-payment. This is a severe negative that stays on your report for 7 years.
Repossession
A secured asset (usually a vehicle) was taken back by the lender due to non-payment. Voluntary and involuntary repos are treated similarly.
| Feature | Charge-Off | Collection | Settled |
|---|---|---|---|
| Severity | Very High | Very High | Moderate |
| Stays on report | 7 years | 7 years | 7 years |
| Score impact | -100+ points | -50 to -100 points | Less than unpaid |
Payment Status Codes
Payment status codes indicate your payment history pattern:
Payment Status Codes
- OK / 0: Current, paid on time
- 1 / 30: 30 days late
- 2 / 60: 60 days late
- 3 / 90: 90 days late
- 4 / 120: 120 days late
- 5 / 150: 150 days late
- 6 / 180+: 180+ days late
Late Payment Severity
Each level of lateness is progressively worse for your credit score. A 30-day late is bad; a 90-day late is significantly worse. Once you reach 180 days, the account typically becomes a charge-off.
Special Condition Codes
Dispute
You've disputed this account. The notation alerts lenders that information is being verified. During the dispute, the item may not be counted in your score.
Included in Bankruptcy
This debt was discharged in bankruptcy. It should show zero balance. The bankruptcy itself appears as a separate public record.
Transferred / Sold
The account was moved to another creditor. This often happens when debt is sold to collectors. The original account may show this status while a new account appears with the buyer.
Voluntary Surrender
You voluntarily returned a secured asset rather than having it repossessed. This is treated similarly to repossession by scoring models.
Wrong Status on Your Credit Report?
Account status errors can significantly hurt your score. Our platform identifies incorrect statuses and helps you dispute them.
Frequently Asked Questions
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