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Statuses

CollectWise categorizes debtors using various statuses to indicate the progress and condition of each account:
  • Potential: A debtor who may become actively managed but has not yet entered the payment cycle.
  • Subscription: Regular subscription-based payments are being billed.
  • Partial: A partial payment has been made, but the debt is not fully settled.
  • Paid: The debtor has fully paid off their outstanding debt.
  • Deleted: The debtor account has been removed from active management.
  • Paid Creditor Directly: The debtor has settled the debt directly with the creditor, bypassing CollectWise.
  • Deceased: The debtor is reported as deceased, halting further collection efforts.
  • Filed Bankruptcy: The debtor has declared bankruptcy, impacting collection actions.