Yes, that is what it means. It is not the reporting of a new deliquency, and in fact not even a code that reports the payment. What has been stated in your CR actually relates to two combined impact of two differennt codes stored in your credit file.
Monthly reporting embraces many codes reflecting different items. Three are related to your question, as follows.
There is one code which stores, in a string of numbers for the current and past status of the account for individual months in the past. This code thus grows in lenght each much by just tagging the current monthly code to the string of prior monthly codes
This is called the "payment history profile," and enables the reporting of your past payment hitory profile in your CR, and is what FICO uses to score old derogs.This is stored under field code 18 or your credit file.
Most other delinquency codes are overwritten (updated) each month to reflect only the current status. .
Your current "account status" code updates each month to show the level of the delinquency if the account is still not paid. If you pay the debt that month, the account status code simply updates to noe report a paid status.. It then and thereafter does not record any level of delinquency. This is reported under field code 17A of your credit file.
To preserve the level of delinquency at the time it is paid, a separate status code, called the "payment rating," records the highest level of delinquency reached on the account.
Payment of debt is unrelated to this code, other than to prevent it from growing to a more serious level. . This is reported under field code 17B of your credit file. There are nine different payment rating codes under field 17B, as follows:
current account (0-29 days past due)
30-59 days late
60-89 days late
90-119 days late
120-149 days late
150-179 days late
180 or more days past the due date
account has been charged-off
account has been placed for collection.
