Account status codes

Metro 2 account status code 61: paid in full, was a voluntary surrender

What code 61 means

You gave the collateral back, usually a vehicle, because you couldn't keep up with the payments, and the remaining debt has since been paid in full. The status keeps the surrender in the record while showing nothing more is owed. That's different from status 95, which means the surrender happened and a balance may still be outstanding.

How it shows on your report

Something like "Paid, was voluntary surrender," with a $0 balance.

How it affects your score

Still a serious negative, because the surrender itself reflects a major default. Being paid can help how a lender reading the report sees it, and the item ages off on the normal schedule.

What to check

Balance and past due should be zero. Paying the debt does not restart the seven-year reporting clock, so the date of first delinquency should stay where it was. If a collector also reports the same deficiency as unpaid, the same debt may be counted twice.

If this code is wrong on your report

Glossary: account status code, Metro 2

Sources

  1. Metro 2 Account Status Codes (Bureau Relay, formerly metro2.switchlabs.dev)
  2. Account Status Codes (The Mortgage Office help center)
  3. Handling Metro II Account Statuses (Oracle Financial Services Lending and Leasing documentation)
  4. 15 U.S.C. 1681c: Requirements relating to information contained in consumer reports

These explanations are ScoreTuner's plain-English summaries. The official specification is the CDIA Credit Reporting Resource Guide, which is copyrighted and not reproduced here. This is education, not legal advice.