Account status
Credit scores & reportsThe current state of a credit account, such as up to date, late, in arrears, or defaulted.
Overview
Status updates are reported to credit agencies, usually monthly.
They show whether you are meeting your payment commitments.
Why it matters
- Negative statuses can reduce your score.
- Consistent on-time status builds trust.
- Status history influences lender decisions.
FAQs
How often does account status update?
Most lenders report monthly, but timing can vary.
Can a status be wrong?
Yes. If it is incorrect, you can dispute it with the lender and agency.
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