Commercial Account Reporting

For businesses that hold credit products directly (e.g., commercial credit card, installment loan).

• Primary Consumer: Business (Recorded in the system as a consumer profile with EIN, legal name, and address).
• Secondary Consumer (Optional): Consumer (e.g., Comaker or Guarantor).
• Account Type: Credit Card or Installment (not a Business Account Type).

Key Notes:

• To report a business accurately to a business bureau, the business must be created as a consumer in our API architecture.
• Business fields on the account are left blank.
• Statements and payment activity are reported in the same way as with a traditional credit card.

1. Create Consumer → Business
   1. Name: Business legal name (fill last name field first, then fill first name field).
   2. DOB: Null.
   3. SSN: EIN or zero-filled.
   4. Address: Business address.
   cURL

   --data '{
      "data": {
          "type": "consumers",
          "attributes": {
              "ssn": "234567890",
              "date_of_birth": "",
              "name": {
                  "first_name": "Business",
                  "middle_name": null,
                  "last_name": "Fake",
                  "generation_code": null
              },
              "addresses": [
                  {
                      "line1": "123 5th Street",
                      "line2": null,
                      "city": "Kansas City",
                      "state_code": "KS",
                      "zipcode": "66202",
                      "primary": true
                  }
              ]
          }
      }
      }'
   

2. Create Account
   1. Business fields on the account are left blank.
   2. The consumer that was created for the business will be the primary consumer.
   3. ECOA code in the primary designation will be Business Commercial.
   4. A secondary consumer can be added as the account type isn’t a “business” account.

--data '{
   "data": {
       "type": "AccountCreate",
       "attributes": {
           "credit_product_id": "{{portfolio_id}}",
           "primary_consumer_id": "{{consumer_id}}",
           "external_account_identifier": "BIZ23290843113",
           "primary_designation": "BUSINESS_COMMERCIAL",
           "account_opened_date": "2025-07-23",
           "terms_duration": "REV",
           "reported_consumer_account_number": "BIZ233647",
 optional: "secondary_consumers":[
{
               "consumer_id": "{{consumer_id}}",
               "designation": "JOINT_CONTRACTUAL_LIABILITY"
}
           ]
       }
   }
}'

3. Create Statement

   1. Statements should be created as usual.
   cURL

   --data '{
      "data": {
          "type": "StatementCreate",
          "attributes": {
              "account_id": "{{account_id}}",
              "statement_date": "2025-08-01",
              "current_balance": 3000.00,
              "days_delinquent": 0,
              "credit_limit": 10000.0,
              "scheduled_monthly_payment": 500,
              "actual_monthly_payment": 1000.00,
              "amount_past_due": 0.00,
              "statement_identifier": "ST123456",
              "last_payment_date": "2025-07-25"
          }
      }
   }'