The lender has given up on collecting the debt and closed the account as a loss. This has a severe negative impact on your score.
The gold standard. You are meeting all terms and paying on time. credit report status
Use official bureau sites or trusted platforms like Credit Karma to get quick updates on your status. The lender has given up on collecting the
What is Credit Report Status? While your credit score is a single number representing your risk level, your (or account status) is the descriptive label that explains the actual state of your individual credit accounts. credit report status