Payment history profile characters

Metro 2 payment history profile character L: charge-off

What code L means

The month the account was reported as charged off, meaning the lender wrote the balance off as a loss, and typically the months after while it stays in that status. It pairs with a charge-off status (97, or 64 once paid). The debt can still be owed and collected after a charge-off.

How it shows on your report

CH on TransUnion's key, or "Charge-off" or a similar symbol at other bureaus.

How it affects your score

A severe negative month.

What to check

Once a charge-off appears, later months shouldn't show the account as current unless it was genuinely brought current. The charge-off month doesn't restart the seven-year clock, which runs from 180 days after the delinquency began. If the debt was sold, the lender's balance should be $0.

If this code is wrong on your report

Sources

  1. Payment Profile (GoldPoint Systems CIM GOLD documentation)
  2. Payment History Profile field (Bureau Relay Metro 2 reference)
  3. Payment History Codes (Spinwheel API docs)
  4. Metro 2 Base Segment (Galileo, SoFi Technology Platform docs)

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.