What happens when a primary debt is removed from a bundle?
    • 12 Jan 2023
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    What happens when a primary debt is removed from a bundle?

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    Article summary

    A new primary debt will only be chosen (for a bundle) if the current primary debt changes in a way that makes it no longer eligible. A debt will be considered ineligible (to be the primary debt on a bundle) when any of the following conditions are true: 

    ● Its Current Balance is not greater than zero 

    ● Its Bundle ID no longer matches the bundle (i.e. it’s been removed from the bundle) 

    ● It’s been forwarded (i.e. Forward ID is not null) 

    ● It has a Debt Status Code in any of the following status code groups: ○ PAID ○ SETTLED ○ CLOSED ○ CANCELLED ○ BANKRUPTCY

     ● It’s been cancelled 

    ● It’s been removed (i.e. pending delete) 

    When no other bundle members are eligible to become the new primary debt, and the original primary debt is still a member of the bundle, it will remain as the primary debt. 

    When the primary debt is removed from the bundle and no other bundle members are eligible to become the new primary debt, a random bundle member will chosen as the new primary debt. 

    When a new primary debt is being chosen, and multiple bundle members are eligible, then the oldest (by assigned date) debt will be chosen. If there are multiple eligible debts with the same assigned date, a random one will chosen from between them.


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