Account Terms

    Account Status: Definition

    A code indicating the current condition of an account.

    Definition

    Account Status is a two-character code that indicates the current condition of a credit account. The first character indicates the basic status (current, delinquent, closed, etc.), while the second character (Payment Rating) indicates the level of delinquency if applicable. Account Status is one of the most critical fields in Metro 2 reporting as it directly affects a consumer's credit score.

    Examples

    • 11 = Current
    • 71 = Wage earner plan
    • DA = Delete account

    Usage Notes

    • Must be updated monthly to reflect current account condition
    • Some status codes require additional fields to be populated
    • Closed accounts should continue reporting for 7 years from closure date

    Related Metro 2 Fields

    17A
    Account Status
    Position 109-110

    Related Terms

    Payment RatingSpecial Comment CodeAccount Type

    More Account Terms

    Account Type
    A code specifying the type of credit account.
    Account Number
    The unique identifier assigned to a credit account.
    Amount Past Due
    The total amount currently overdue on an account.
    Current Balance
    The total outstanding balance on an account.
    Credit Limit
    The maximum amount of credit available on a revolving account.
    Highest Credit
    The highest balance ever recorded on the account.
    Original Loan Amount
    The initial amount borrowed on an installment account.
    Scheduled Monthly Payment Amount
    The regular monthly payment due on an account.

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