Collection Status Codes
Spinwheel defines collectionAccountStatus as the following:
| Collection Code | Description |
|---|---|
| UNPAID | Consumer has not satisfied debt. |
| FINANCIAL_COUNSELOR | Identifies that a debtor is receiving professional guidance on financial matters, and is under a payment plan. |
| ADJUSTMENT | Settlement of a debt in which full payment is not made or when the amount involved is not certain. |
| WAGE_EARNER | Chapter 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_LISTING | Collection account which has just been turned over for collection of past due debt. |
| PAID | Consumer has satisfied debt. |
| ACCOUNT_DISPUTED | Merchant and debtor disagree on various particulars regarding merchandise, terms of agreement or amount owing. |
| PAYMENT | Consumer submits portion of money owing. |
| STATUS_UNKNOWN | Indicates status is not verified. |
| CHECKED | As of date reported, balance was not paid and account was verified at the request of the debtor via a dispute. |
| IN_BANKRUPTCY | The legal process under the Federal Bankruptcy Act by which debtors are granted some form of relief from their financial obligations. |
Updated 18 days ago
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