1) If the account has never been reported to the credit bureau: If the account is closed with an inactive close code the credit reporting flag will change to do not report when the METRO2 credit repo...
NOTE: For more details see the attached PDF Credit Reporting March 2023.pdf Paid and Never Reported: If the account is paid in full and if it has never been reported, it will not report. Minimum Amoun...
Providing your client is set up to credit report, there are two features that allow you to flag an account for credit reporting: Initial contact series “credit reporting delay” field (system control m...
Below are a list of the credit reporting flags and their definitions: Blank = New on xx/xx/xx (not yet reported to the credit bureau - the xx/xx/xx = the eligibility date) 1 = Reported-NEW (has been r...
Credit Reporting Change 6/11/21 SSN – last 4: There is a new field in the Metro2 Credit Reporting options: “Report SS# last 4 (N=No)” If this field is equal to ‘N’, accounts with only the last 4 digit...
When creating the Credit Reporting file, If a client is setup as a Bad Check client with a Q or a B in the Client Type at the Client Update Screen (Management menu-> Client update) the accounts will u...
In RMEx an account closed with a SIF close code, as setup on page 2 of the credit reporting system controls, will be reported to the credit bureau as paid with a special comment designating that the b...
If the Account has a Credit Reporting Flag of Do Not Report on it, the account will never report again unless you do the following: Remove any Withdrawn or Stop Description Codes Reopen the account if...
If you have a client that was previously set up as a Do Not Report and now you want to start reporting their accounts, there is some prep work that you must consider. The Credit reporting flag on the ...
Due to the 501r regulations, medical accounts are reported based on the CCT code flag on the client master: CCT code 02 = 180 days from date of last delinquency (or last transaction date) CCT code A2 ...