Managing Delinquency Buckets

User with the Admin role can define delinquency buckets that will influence a number of system reports and determine filters for the Collection workplace.
To set delinquency buckets, go to Loan Settings > Delinquency Buckets. The tab displays 4 past due periods set by default.

You can edit intervals by specifying a required number of minimum and maximum days in arrears in each period.

Note: Past due periods must not overlap. If a specified interval overlaps with adjacent intervals, range limits of these adjacent intervals get automatically modified: for example, if in the second interval, 60 is changed into 62, the next third interval will automatically start from 63. Thus, the system provides for synchronized settings of intervals.

Default checkmark means that the loans in the bucket are in default.

By default, the last interval is selected as "Default". If any of intervals is selected as "Default" (except the fourth interval), all intervals starting from a selected one get selected and applied as "Default".

After the changes have been saved, filters on the Collection workplace are automatically updated. The following reports displayed on the Reports workplace will be recalculated according to new settings:

Bad Rate Trend (risk reports);
Delinquency Performance (risk reports);
Delinquency Migration (risk reports);
Delinquency Performance (scoring reports).