CRED Flash Field Terminologies Quiz

CRED Flash Overview

• Also referred to as "CRED Flash."
• Bill generation occurs on a specific date, crucial for users to track.

Payment Guidelines

• To avoid late payment fees, payments should be completed before a designated cutoff date.
• Notifications regarding CRED Flash are sent via WhatsApp or email.

Eligibility and Collection Approaches

• Specific user groups are eligible for CRED Flash, details are provided separately.
• Methods for collecting payments from Flash defaulters are established.

Column Descriptions for CRED Flash Data

• User_id: Unique identifier for a CRED user.
• Loan_id: Identifies the Flash instalment alongside statement month and account ID.
• Product_group: Categorized under "CRED_Flash."
• Loan_start_date: Specifies the due date for that month's payment.
• Loan_amount: Principal amount due on the allocation date.
• Whitelisting_date: Date when the user was whitelisted for Flash.
• Collectable: Total amount due on the allocation date, including late fees and taxes.
• Opening_dues: Initial statement amount for the allocation month, with applicable fees and taxes.
• Last_payment_date: The most recent date a payment was received.
• Total_collectable: Overall outstanding balance, including unbilled expenses and fees.
• Current_bucket: Reflects the current days past due as of the allocation date.
• POS: Total outstanding amount excluding taxes and fees.

New Terminology

• Max_DPD_Bucket: Equivalent to the current bucket.
• Total_POS_Due_as_on_dt: Same as the loan amount.
• Total_loan_amount: Defines the maximum limit for BNPL (Buy Now Pay Later).
• Total_POS: Total outstanding amount exclusive of taxes and fees.
• EMI_due_date: Designated due date for the current month.
• Amount_required_for_reversal: Comprises total fees, interest, and taxes.
• Loan_amount_due_As_on_Date: Identical to the collectable amount.
• Loan_instrument_id: Identifier for BNPL accounts.
• Customer_name: Name of the user associated with the account.
• Phone_number: Contact number for the user.
• Sub_product: Identifies the Flash category.
• Product: Noted as "Newtap" as the lending source.

Example Data Entries

• User ID example: 017a085f-a299-4d9c-9b72-76a662dc96f8.
• Loan ID example: CRE-RLC-PARFAITW94N76000L9L7E.
• Loan amount due: 5000.
• Whitelisting date: 01.01.2024.
• Total collectable: 7600, inclusive of unbilled items.
• Current bucket indicating 2 days past due.