64Closed/Paid Accounts
Status Code 64: Paid - Charge-Off
Account paid in full, was previously charged off
Overview
- Used when a charged-off account is subsequently paid in full
- Indicates consumer resolved the debt after charge-off
- Positive resolution despite previous serious delinquency
- Remains on credit report showing ultimate resolution
Common Use Cases
- 1Consumer paid original creditor after charge-off
- 2Full balance paid to resolve judgment or legal action
- 3Charged-off account paid before going to collections
Reporting Guidelines
- Report zero balance
- Maintain original Date of First Delinquency and charge-off date
- Update from status 97 to status 64
Other Closed/Paid Accounts
Need help with Metro 2 reporting?
Metro2 software automatically validates status codes and ensures your credit reporting is compliant.