Questions and Answers
What is the total outstanding amount including unbilled spend, taxes, and fees?
Which date is specified as the last payment date?
How much is the amount required for reversal?
What is the Current Month Due Date?
Signup and view all the answers
What is the maximum limit of the BNPL?
Signup and view all the answers
What is the total loan amount stated?
Signup and view all the answers
What is the current outstanding amount excluding taxes and fees?
Signup and view all the answers
Which document identifier corresponds to the BNPL account?
Signup and view all the answers
What is another name for CRED Flash?
Signup and view all the answers
What is the purpose of the bill payment deadline?
Signup and view all the answers
What information does the 'Loan_start_date' refer to?
Signup and view all the answers
Which of the following represents the total outstanding amount including unbilled spend, taxes, and fees?
Signup and view all the answers
What does the 'Whitelisting_date' signify?
Signup and view all the answers
Which option correctly defines the 'Max_DPD_Bucket'?
Signup and view all the answers
What term refers to the principal amount due as on allocation date?
Signup and view all the answers
What does 'Current_bucket' represent?
Signup and view all the answers
What does the term 'Loan_amount_due_As_on_Date' refer to?
Signup and view all the answers
Which column represents the identifier for the user in the system?
Signup and view all the answers
What does the 'Whitelisting_date' column signify in the context of loans?
Signup and view all the answers
Which of the following accurately describes the 'Collectable' column?
Signup and view all the answers
Which item is NOT included in the description of 'Loan_amount'?
Signup and view all the answers
What is indicated by the 'Loan_start_date' column?
Signup and view all the answers
In the context provided, what does 'Product_group' signify?
Signup and view all the answers
Which identifier is associated with the ID of a loan instrument?
Signup and view all the answers
Study Notes
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of CRED Flash terminology and processes with this quiz. Learn about bill generation, payment deadlines, and communication methods related to CRED Flash. Perfect for those involved with or interested in financial services.
