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Reasons an Account Would not be Reported to the Credit Bureau

If an account has not credit reported you need to review the following information: 

  • Is the account eligible to be reported based on the credit reporting parameter “type of credit reporting (B, A, blank)” (system control menu 2 – credit reporting) 
  • Check the contact series field “credit reporting delay” (system control menu - contact series definition), to determine if the account is eligible for reporting (credit reporting eligibility date) 
  • Compare the contact series field “credit reporting delay” (system control menu - contact series definition) with the credit reporting file creation field “last date for placements” and/or “last date for PIF’s” (periodic report menu - credit reporting file creation) to determine if the account is eligible for reporting (see topic question - “determining the total credit reporting delay for an account”) 
  • Compare the last transaction date and placement date on the account. If there is less than 30 days between the two dates the account will not report unless the client is set up as a bad check client or the client master field "bypass 30-day check for credit reporting-Y" has a "Y" in it 
  • Check to see if the account is closed inactive (accounts closed inactive are automatically reported as withdrawn when the next credit reporting file process is ran)
  • If the account is paid in full and if it has never been reported, it will not report
  • If the account has Do Not Report on the F10 screen, it will not report. See article "Account Needs to be Reported to the Credit Bureau but it is Flagged as "Do Not Report"" if the account needs to be reported
  • Check the account to see if the placement amount is below the minimum balance that has been set up in the credit reporting parameters (system control menu 2 – credit reporting) 
  • Check to see if the state options have a “N” in the no credit reporting field 
  • Check to see if the credit reporting options for METRO2 format has an “O” in the “include or omit with close code” field (system control menu 2 – credit reporting) 
  • Check to see if there is a stop cred.reporting description code on the account (system control menu 2 – system parameters) 
  • Check to see if there is a description codes to stop accounts from being reported in the future on the account (system control menu 2 – credit reporting)
  • Check to see if there is a description codes that will report as withdrawn on the account (system control menu 2 – credit reporting)
  • Check to see if the Consumer is a minor and if the METRO2 System Control field "Report minors? (N=No)" is set to "N"
  • Check the client master (management menu - client update) to see if the client is set up with a “N” in the credit reporting field
  • Check to see if the account qualifies based on the information entered in the fields: Last date for placements or Last date for PIFs when the credit reporting file was processed
  • If the client is a Medical client, check to see if account qualifies based on the CCT code "180/250 number of days" rules

 

Keywords - Kbase Credit Reporting Credit Bureau 

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  1. Kailer@key2recovery.com

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