Training 2.0

At this stage, the Original Creditor will not report to 3 majors credit bureaus until the full billing cycle is missed: typically 30 days.

• Current

• Paying as agreed

• 30 days delinquent

Usually occurs when the creditor has deemed an outstanding debt is uncollectible; this typically follows 180 days or six months of non-payment

• Closed account

• Charge Off account

• Collections accounts

Select the correct answer for this definition:

This has to be updated for the collector but there is no timeline to happen after the account has been fully disputed.

• Credit Report

• Credit Bureaus

• Balance

What type of task is it?

• Communication

• CS task

• Intake

What is a secure credit card?

• Is a great tool to help clients rebuild good credit. Use monetary deposit to acquire the card. The use is report on the credit bureaus

• Another credit card that client can use and it's not report on the credit bureaus

• Is a great tool to help clients rebuild good credit. Use monetary deposit to acquire the card. This is not report on the credit bureaus

What are the procedures (changes) that require the client’s signature on the amendment?

• Add/Remove debt

• Skip payment

• Add/Remove co client

• New FT form

When opening the Beacon's app, which section will open automatically ?

• My accounts

• Upload document

• My documents

Select the correct timeline

• 30 days-closed account-60 days-90 days- charge off-150 days-180 days-dispute document-collection letter-fully disputed

• 30 days-60 days-90 days-charge off-120 days-150 days-180 days-collection letter-dispute document-validation response- fully disputed

• 30 days-60 days-90 days-120 days-150 days-180 days-charge off-collection letter-dispute document-validation response- fully disputed

True or false.

The response time of the collector with a validation response is 15 days, if they do not respond, the debt is fully disputed

• False

• True

True or False

After more than 90 days, does the creditor still has the account?

• True

• False