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Knowledgebase : Credit Bureau Reporting

How are the 30/60/90 fields populated on the Debtor form? Quite simply, 30/60/90 is tied into preamortized interest. If you have that set up and you see a date in the "Next" field for the Debtor, then switching ON "Show 30/60/90" in Principal Detail ...
TRANS UNION does NOT accept commercial debt reporting. It is for Consumer Reporting ONLY. EXPERIAN has a few requirements for Commercial Debt reporting: 1. Business Name is entered in the Name field in Collect! 2. ECOA code is Business/Commercial ...
For credit reporting purposes, "Date Opened" is the date you first started reporting an account to the bureaus. It means the date an account was opened in the credit bureau's records. When you are reporting as third party collections, the rules are th...
Question: If an account is in Suspend MODE, will it still continue reporting as an Active open account to the CBR? The answer is: Yes. Debtor Mode does not affect CBR reporting. As long as "Report to credit bureau" is switched ON in the Debtor's ...
CBR in Windows 7 Windows 7, in a standard setup, does not allow access to the root of C drive. If a client has more than one drive, a second drive letter can be used to save the CBR file. If they only have 1 drive, C, then a simple workaround is availa...
Error: Incorrect Batch ID & Record Length Error, Batch ID error (missing spaces) and an incorrect record length and increased record length due to a new segment being added. Sample batch ID's for Experian –CCZ ADBC 0710 (dashCCZspaceADBCspace0710) For...
Is there any way Collect can automatically flag an account when the listed date is within 31 days of the delinquent date? there are 2 areas that this can be addressed. At a Client level there is Delinquent 31 days prior to list http://www.collect.org/...
When running a CBR report, the CBR log reports "Metro contact was skipped because it is not initialized." This means the Description in the Metro Contact is blank. This needs to be addressed before reporting can complete successfully. You need to "...
When you report credit as a credit grantor, Collect! manages several Metro 2 Account Statuses automatically: 11 - Current account 13 - Paid in full 71 - 30 days 78 - 60 days 80 - 90 days 82 - 120 days 83 - 150 days 84 - 180 days If ...