Account status code

Lenders and collectors send account data in Metro 2, the industry's standard format, and the account status field carries the headline. The CFPB's 2012 review of the system lists the kinds of values it holds: current, delinquency bands such as 30 to 59 or 60 to 89 days past due up to 180 days or more, and closed outcomes like paid, voluntary surrender, repossession, charge-off and foreclosure. Your report translates that code into plain words.

Status describes the account as of the latest update, while the month-by-month history keeps the past. That is why a card can read current while showing a 30-day late from last spring. When the two contradict each other, such as a status of never late next to a late mark in the payment history grid, one of them is wrong, and that specific field is what you dispute.