Configuring business status codes

Menu 10.1.4

Configuring business status codes is the process of associating account status codes with credit reporting agency reporting categories. Use this option if you are using a business format.

1. From the Master menu, navigate to Management Strategy > Agency > Credit Reporting (menu 10.1.4).

   

   You can also access credit reporting agency setup options and controls from Utility > Credit Reporting (menu 9.4).

2. In the Credit Reporting Setup window, select Business Status Codes, and press Enter or click Ok.

3. In the Credit Report Business Status Codes screen, in the Account Status Codes field, type one or more account status codes, separating each with a semicolon. Do this in each row that you want to associate with a credit reporting agency status code.

   

   You should not change or delete specific account status codes; otherwise, routines that depend on those account status codes cannot work properly. To create new account status codes, see Creating or changing status codes. For a complete list of status codes, see Status codes. You should not change or delete the following codes in The Collector System:

   • PIF - Paid-in-full
   • SIF - Settled-in-full
   • FWD - Account has been forwarded
   • FPF - Forward paid-in-full
   • HSE - House account
   • LEG - Legal action taken
   • LPF - Legal paid-in-full
   • ACT - Active account
   • CAN - Account canceled by client request
4. To save, in any field, type /, and press Enter.
5. At the OK to File? (Y, N, /) prompt, do one of the following, and press Enter:
   • To save, type Y.
   • To exit the screen without saving, type N.
   • To continue making changes to the Credit Report Business Status Codes screen, type /.