Collection Status Codes

Spinwheel defines collectionAccountStatus as the following:

Collection CodeDescription
UNPAIDConsumer has not satisfied debt.
FINANCIAL_COUNSELORIdentifies that a debtor is receiving professional guidance on financial matters, and is under a payment plan.
ADJUSTMENTSettlement of a debt in which full payment is not made or when the amount involved is not certain.
WAGE_EARNERChapter 13 (Consumers with regular income). This chapter allows an individual to reorganize finances and protect assets while a court approved repayment plan is in effect.
NEW_LISTINGCollection account which has just been turned over for collection of past due debt.
PAIDConsumer has satisfied debt.
ACCOUNT_DISPUTEDMerchant and debtor disagree on various particulars regarding merchandise, terms of agreement or amount owing.
PAYMENTConsumer submits portion of money owing.
STATUS_UNKNOWNIndicates status is not verified.
CHECKEDAs of date reported, balance was not paid and account was verified at the request of the debtor via a dispute.
IN_BANKRUPTCYThe legal process under the Federal Bankruptcy Act by which debtors are granted some form of relief from their financial obligations.

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