Final answer:
When an account goes into RVKW status, it means the account is delinquent and flagged as high risk. This status can result in higher interest rates, penalties, or legal action.
Step-by-step explanation:
When an account goes into RVKW status, it means that the account is delinquent and has been flagged as high risk by the bank or credit card issuer. This status indicates that the account holder has failed to make timely payments or has exceeded their credit limit. As a result, the account may be subject to higher interest rates, penalties, or even legal action.
For example, let's say someone has a credit card account and they have missed several payments. Once the account goes into RVKW status, the bank will likely contact the account holder to discuss the situation and possible resolutions. It is important for the account holder to take action and rectify the delinquency to avoid further consequences.