Interest Calculation and Financing Terms
Feature Recap:
Terms
- Comprehensive options for Minimum Payment Due calculation
- Comprehensive options for Minimum Payment To Avoid Finance Charges calculation
- Flexible, by Account, terms options for temporarily deferring or overriding Finance Charges
- Flexible, by Account, terms options for temporarily deferring or overriding Minimum Payment Due
- Monthly Finance rate by account or by state required tiered rates
Statements
- Statements generated using Crystal Reports to either blank or preprinted forms.
- Ample fields available for inclusion on statements, such as Credit Limit, Available Credit, Dates
- Option to include short one time or recurring general mesBest regarding promotions, notices, etc.
- Option to include short collection notes based on the number of periods late for customers in arrears.
Reports
- Transaction, Trial, Aging, Summary, Collection Worksheet reports among those included.
Collections
- Generate complex content for dunning letters which include account specific data
- 20 possible letters varying across 5 aging buckets, No Pay or Partial Pay, and 1st or 2nd notice
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