83Delinquent Accounts

    Status Code 83: 150-179 Days Past Due

    Account is 150-179 days past the due date

    Payment Rating: 5

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    Overview

    • Fifth level of delinquency
    • Account is on the verge of charge-off
    • Payment Rating should be 5 when using this status
    • Regulations typically require charge-off by 180 days

    Common Use Cases

    • 1Consumer has missed five consecutive payments
    • 2Final month before mandatory charge-off for most account types
    • 3Last opportunity for consumer to cure default

    Reporting Guidelines

    • Accurate balance reporting is critical before charge-off
    • Document Date of First Delinquency carefully
    • Prepare charge-off documentation

    Other Delinquent Accounts

    7130-59 Days Past Due7860-89 Days Past Due8090-119 Days Past Due82120-149 Days Past Due84180+ Days Past Due

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