Understanding payment markers on your Checkmyfile report

Payment marker definitions and their implications

You may see any of the following entries on your Checkmyfile credit report. This is what they mean:

‘OK’ – The payment has been made on time

‘1’ – Shows where a payment has been made late or missed entirely

‘2’ – Shows two consecutive missed payments or ‘arrears’

‘3’ – Shows three months’ arrears

‘4’ – Shows four months' arrears

‘5’ - Shows five months' arrears

‘6’ - Shows six months' arrears

‘AR’ – Arrangement to Pay. This means making alternative payment arrangements to the original agreement you made with the lender

‘D’ – Shows where an account has defaulted

‘US’ – Unknown Status - the account status is unknown as the lender may not be sending updates. This can happen on defaulted accounts

RP – Repossession. When a lender has repossessed your belongings after you have been unable to keep up with payments on a secured loan. For example, repossessing a house after defaulting on mortgage payments

‘SF’ – The default has been satisfied

PS – Partially Settled. Shows when you pay off part of the debt owed and the lender agrees to write off the remainder of the amount owed

‘S’ – The account has been settled and closed

‘U’ – The account status is unknown, normally reported when it’s only recently been opened or no payments have been reported yet

‘NR’ – Not Reported. The lender has not reported an update to the credit reference agencies

‘Q’ – Query. Shows where a query has been raised with the lender, usually in relation to a dispute

‘VT’ – Voluntary Termination. Shows where you have voluntarily terminated the account

‘DM’ – Shows where you have arranged debt management

‘DMP’ – Debt Management Plan/Programme. Shows an agreement between a debtor and their creditor(s) to pay their debts through a debt management plan or programme. This happens when the debtor can only pay a reduced amount each month  

‘DA’ – Debt Assigned. Shows where a debt has been assigned to a third party, or an arrangement to pay the debt has been made with the original lender

‘IC’ – shows that an insurance claim has been submitted to the provider

‘IN’ – Inactive. The account is inactive, meaning that the account isn’t being used or has only recently been opened and not yet used

The impact on your score will vary depending on how severe the payment marker is.

You can work on growing your score in the meantime though. Building up positive payment history will help your credit health in the future. Although you won’t see a significant change to your score straight away, you're more likely to notice a difference when negative payment entries drop off your report.

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