Collection Status Codes
Spinwheel defines collectionAccountStatus
as the following:
Collection Code | Description |
---|---|
UNPAID | Subject has not satisfied debt. |
FINANCIAL_COUNSELOR | Identifies that a subject 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 (Debtors 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 | Subject has satisfied debt. |
ACCOUNT_DISPUTED | Merchant and consumer disagree on various particulars regarding merchandise, terms of agreement or amount owing. |
PAYMENT | Subject submits portion of money owing. |
STATUS_UNKNOWN | Indicates status is not verified. |
CHECKED | As of the date reported, the balance was not paid and the account was verified at the request of the consumer 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 1 day ago