Early Payoff Amount

<< Click to Display Table of Contents >>

Navigation:  Customers > C-1 Customer Activity >

Early Payoff Amount

Previous pageReturn to chapter overviewNext page

This screen is accessed by selecting g-showearlypayoffamount from a customer's Customer Activity window.

 

The Early Payoff Amount window is a printable break-down of how an early payoff is calculated on a Pre-Computed Interest deal. For a Simple Interest deal, the early payoff is equal to the Total Amount Due on the main account window.

 

For Precomputed Interest:

EarlyPayoffAmount

 

For Simple Interest:

clip0296

 

Notice that for both interest types, the option to print a "ten day payoff" is as simple as checking a box. Clicking print will give you a payoff quote:

 

clip0297