Prepare Accounts For Reporting To Credit Bureau
When you choose this option in your batch processing,
accounts are prepared for credit bureau reporting.
This process should only be used on NEW accounts that
have not been previously reported UNLESS you specifically
want to use batch processing to change the CBR status
on a volume of accounts (for instance, sending them
as " Delete from bureau.")
This function creates a Metro Contact for each account that
you have tagged and applies the settings you chose for
reporting to credit bureaus when you setup Credit Bureau
reporting.
Before choosing Prepare Accounts For Reporting
to Credit Bureau, setup the details of your reporting specifications
using the Credit Bureau Setup form, the Credit Report Preferences
form and the information given you by your credit reporting agency.
It is your responsibility to fill in the appropriate information.
You can review your settings in the Select Bureau Report Details
form that displays during the Batch Processing routine. Changes
can be made in this form to override the defaults you set in the
Credit Report Preferences form.
Credit Reporting Process
WARNING: Reporting credit is a legal matter. You are
responsible for ensuring that the information you are sending
is accurate and complete. Do not report credit without being
ABSOLUTELY SURE about your legal rights and the legal
rights of the person or entity you are reporting.
When you select START, Collect! prepares information in the
tagged accounts. By doing this, the next time you create
a set of files for the credit bureaus, this batch of accounts
will be reported along with all other accounts also
being reported.
Sending Files To Credit Bureaus
After this process is finished, you will be able to create
the file or files to send to the credit bureau(s). You do not
need to create the files right away, but can select more
batches of accounts to send. When you are ready to
run your credit bureau report, select Tools, Credit Bureau
Reporting to bring up the Report to Credit Bureaus form.
See Also
- Batch Processing Topics
- Report To Credit Bureaus
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