Account Terms

    Date Closed: Definition

    The date when the credit account was closed.

    Definition

    Date Closed indicates when a credit account was terminated or closed. This may occur at the consumer's request, by the creditor, or upon payoff. Closed accounts remain on credit reports for varying periods depending on the account status at closure.

    Examples

    • 12012024 = Account closed December 1, 2024

    Usage Notes

    • Required when Account Status indicates closed
    • Negative accounts remain 7 years from this date
    • Positive accounts remain 10 years from this date

    Related Metro 2 Fields

    24A
    Date Closed
    Position 164-171

    Related Terms

    Date OpenedAccount StatusDate of Last Payment

    More Account Terms

    Account Status
    A code indicating the current condition of an account.
    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.

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