Credit Score

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.

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FixMyCredit99 Team
(Updated June 20, 2024)
10 min read

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The account is no longer active.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.

FeatureCharge-OffCollectionSettled
SeverityVery HighVery HighModerate
Stays on report7 years7 years7 years
Score impact-100+ points-50 to -100 pointsLess 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

'Current' means the account is in good standing with no missed payments. This is the best status to have. It shows you're meeting your payment obligations.
A charge-off means the creditor has written off your debt as a loss after typically 180 days of non-payment. The debt still exists and can be collected. It's a severe negative status.
'Closed' means the account is no longer active—it could be closed by you, the creditor, or paid off. 'Paid' specifically indicates the balance was paid in full. A closed account with paid status is positive.
Yes. If your account shows the wrong status (e.g., 'charge-off' when you paid on time), dispute it with the credit bureaus. Include documentation proving the correct status.
Yes. 'Settled' means you didn't pay the full amount owed. While better than unpaid, it's still a negative mark. Newer scoring models (FICO 9+) treat paid settlements more favorably.

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