Wollit
Best Credit Access Platform 2025
LoginGet Started
Home>Glossary>Arrears status

Arrears status

Debt, arrears & collections
A label on your credit file showing an account is behind on payments.

Overview

Arrears status can appear as levels or codes on your report.

It shows lenders how far behind you are.

Why it matters

  • It can reduce your score.
  • It can trigger defaults or enforcement.
  • It affects borrowing costs and access.

FAQs

How long does arrears status remain?

It remains as part of your payment history for several years.

Can it be corrected?

Only if the reporting is wrong.

Related terms

Take control of your credit health

Get the complete credit toolkit — all features included.

Start building credit

Instant setup. No credit check. Cancel anytime.