This section gives the consumer information on default credit product, where the contract between consumer and credit provider is still valid, however the consumer fails to pay within 180 days (6 months).
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Product Type: Credit product Type or service (Loan, Telecom Service, Credit Card…etc).
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Creditor: Credit provider name.
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Account Number: Number of credit product account according to credit provider or contract number.
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Date Reported: Date of loading this product as a default product (When consumer fails to pay within 180 days (6 months).
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Total Default Amount: Total amount of the default product.
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Outstanding Default: Remaining amount of the default product obligations (Credit Card, Loan, Telecom invoice).
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Default Status: Status of the default payment (Fully Paid, Not paid, Partially Paid, or Negotiated Settlement).
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Settlement Date: Date of settlement or the date of default amount payment.