Account Terms
Payment Rating: Definition
A code indicating the current level of delinquency.
Definition
Payment Rating is the second character of the Account Status code that indicates the current level of delinquency. It ranges from 0 (current) to 9 (collection or charge-off). This code must be consistent with the Amount Past Due and Payment History Profile.
Examples
0 = Current1 = 30-59 days2 = 60-89 days3 = 90-119 days
Usage Notes
- Must match delinquency shown in Payment History Profile
- Only certain Account Status codes allow Payment Rating
- Directly impacts credit score
Related Metro 2 Fields
Related Terms
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.
Simplify Credit Reporting
Metro2 software handles all the complexity of Metro 2 format compliance, so you can focus on your business.