Payments Using a Charge Off Loan transaction type
*** Watch [THIS][1] video for information about the Charge Off Loan transaction type *** **Q: How do you add a Charge Off Loan transaction type?** A: In the Payments menu > Transactions menu: * Click on +Add * Select Charge Off Loan transaction type * Enter Effective Date * Click Save ![][2] **Q: What hap…
Payments Fee Transaction Types
This article will explain what _Fee _transaction types can be assessed within a borrower's payment account. There are 3 transaction types that are labelled as Fee: * Late Fee * NSF Fee * Other Fee ![][1] **Late Fee** Transaction Type * Using the Late Fee transaction type will allow you to assess a late fee…
Payments Administration FAQs
## Q: How do I add a new batch type? How do I set up batch types? A: User with Administration credentials will go to Administration > Reference > Payments > ACH Batches and click add. Name your ACH Batches, add the relevant information and click save. ![][1] ## Q: How do I add Other Fee Types? A: User with Adminis…
Payments Set Transaction Types
This article will explain what each_ Set_ transaction type can adjust within your borrower's payment account. There are 3 transaction types that are labelled as **Set**: * Interest Rate * Payment Amount/Type * Non Accrual Status ![][1] What does the **Set Interest Rate** transaction type change? * Set Inte…
