- With this deployment we have added three new services and modified the logic behind one existing service. These services can be found on the Product Detail page beneath the Services link.
click here for a graphical display
- Remove Accounts older than 7 years--when enabled, this service will check the Deleted checkbox on any trades and collections that have a DLA (Date of Last Activity) older than seven years. Checking the Deleted checkbox marks the account as deleted but keeps the account on the report.
- Set Past Due Amount to 0 for zero balance accounts--if an account (trade line) has a zero balance and a past due amount that is not equal to zero, this service will set the past due amount to zero.
- Set Past Due to Balance for 7, 8, 9 Rated accounts--when this service is enabled, any accounts found on a request that have a 7, 8, or 9 rating will have the past due amount set to equal the value in the Balance field. For your information, a 7 rating indicates a Wage Earner Plan or a NPFC; an 8 rating indicates a repossession/foreclosure; and a 9 rating indicates a charge off/collection.
- Check/Set Date Reported - 0 Balance; > 90 Days--we have modified this service with this release. Previously, this service would find any account that had a zero or a blank balance whose Date Reported value was older than 90 days and had a DLA value and would set the Date Reported to the current date. If there was no Date Reported value, it would set the Date Reported to the current date. With this release, this service will take into account the following:
- It will not use a blank balance as a valid criterion any longer - the balance must be zero.
- If no DLA value is present and the account is older than 90 days, this service will set the DLA to the Date Reported value and set the Date Reported value to the current date.
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