You can delete a credit or debit card off of the system with this option. In order for credit cards to report accurately to the credit bureau, the following criteria must be met before a credit card can be deleted:
- The account should have a zero balance and no activity for at least 2 cycles.
- The account cannot have an external status of Z.
Note: To delete a charged-off account, set external status to C. The next day the account can be deleted.
All deleted accounts can be viewed on the CM-027, Deleted Accounts report. Debit cards can be deleted at any time.
- Hover over the Maintenance menu, under Account Properties click on the Delete Account link.
- To delete the account, click Delete Account.
Note: This will delete the entire account and all PI’s tied to the Master Account. Once an account is deleted from the system, it is a permanent change and that account number cannot be re-instated.
Once this process is complete, it will take an overnight update to remove the account from the system.