Credit Advice

The meaning of “closed/current" and other account status descriptions


Have a question?

Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can't find what you're looking for, please fill out the form, being as specific as possible.

Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.

Our policies
The information contained in this column if for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation.

Please understand that Experian policies change over time. Column responses reflect Experian policy at the time of writing. While maintained for your information, archived responses may not reflect current Experian policy.

Credit Advice

The meaning of “closed/current" and other account status descriptions

Dear Experian,

In the status category what does “closed/current” mean? If an account was closed it should be closed right? I just do not understand why some just say “closed” and others “closed/current.”


Dear EJH,

A “closed/current” status means exactly what it says. The account is closed, and it was current at the time it was closed. A status of “closed” with no other information means the same thing. On some credit reports I’ve also seen “closed/never late.” It is simply a matter of how the status was reported by the lender.

An account that was delinquent in the past will have a status statement of “closed/was ___ days delinquent,” describing the history of the account. The blank may be filled with a 30, 60, 90, 150, 120, or 180. Beyond that, an account is usually charged off as a loss and would be reported as such.

The account status line acts as a summary of the account history. It shows the current status – open, closed, paid, charged off – and often gives a brief statement of what happened in past – never late, was late ___ days.

“Closed” is considered a final status, meaning the account is no longer active. The term “closed” refers to revolving debts, such as credit cards. “Paid” is typically the final status associated with installment debts, such as car loans or mortgage loans.

You may also see “charged off” if the debt became delinquent and was never paid. The status line may then indicate that the account was sold or transferred to collections. A collection account then could appear on your credit report with a notation indicating from whom the debt was purchased or transferred.

Thanks for asking.

- The "Ask Experian" team

  • © 2016 Experian Information Solutions, Inc. All rights reserved.