Payments Using a Charge Off Loan transaction type
*** Watch THIS 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 Q: What happens when I use…
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. Q: How do I add Other Fee Types? A: User with Administra…
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 Late Fee Transaction Type * Using the Late Fee transaction type will allow you to assess a late fee to an ac…
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 Set Interest Rate * Set Interest Rate can adjust anything related to interest ra…
