A status of 60/90/120+ late is NOT reported by a debt collector. It is reported on the OC account prior to its closing and referral (or sale) to a debt collector.
Debt collectors do not even have codes to report monthly delinquencies, as you dont have an "account" with them upon which monthly billings are due. You cannot have a current status of 60/90/120+ late if the debt is paid. Paid accounts have only one current status.......paid.
When you pay a debt, its balance must be "promptly" updated by the OC to reflect $0 balance, paid status. Any collection reported on that debt must also be updated to $0 balance due for collection, and the collection account must be closed. The prior delinquencies on the OC account are unaffected. While the OC account will reflect a paid current status, and $0 balance due, it can still reflect the delinquencies reported prior to its current status. Current status is a snapshot as of today, and does not reflect prior history of reporting made on the account. Those are stored under different OC account reporting codes, and are unrelated to current status.
