Report As Credit Grantor
When you set this switch, the Delinquency Date is used to
report the Date of Occurrence for all status codes except 4, 10, 13
and 61 to 68. In those cases, the date the contact was scheduled
is sent as the date of occurrence. When you leave this switch off,
the Date of Occurrence is always taken from the Delinquency
date, regardless of status code.
Leave this switch off if you are operating a collection agency.
If you are not sure if you are a credit grantor,
discuss this with your CBR representative.
Delinquency Date For Credit Grantor
When you have switched ON 'Report as credit grantor' in
the Company Details form, an unmet promise will show
up as delinquent in the debtor's Delnqnt field.
You must also switch ON 'Calculate delinquency
date' in the debtor's Financial Detail form. The 'Calculate
delinquency date' check box is visible only when you are
in Credit Grantor mode.
If you are a Credit Grantor, a number of things affect the
Delinquency Date based on your settings.
The Delinquency Date is normally set to 31 days after the
promise date. Thus, if you set a promise contact on the
account and no payment is received, when 31 days have
lapsed, the Delinquency Date will be set to the promise
date plus 31 days.
Promise contacts contain a dollar Amount,
and the promise is only satisfied when the full Amount
has been paid. Set the term Payment Amount in the
Interest Detail form and Collect! can manage payments,
underpayments and overpayments. Please refer to
How To Manage Promised Payments for details.
In the Credit Bureau Setup form, you can switch ON 'No
posted date mods delinquency'. When this is switched
ON, Collect! uses the Payment Date of the promise
transaction as the ' Delinquency Date ' for the account,
rather than allowing the default 31 day delay in determining
delinquency.
See Also
- Credit Bureau Reporting Topics
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