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Liquid Latitude Help
Payment Arrangement Scenarios
The following table provides payment arrangement scenarios for a single account. Each scenario shows the number of payments, the total account balance, the default amount for each payment, the modification to the payment, the result of the modification, and any warnings.
|
Scenario |
Payments |
Total Balance |
Each Payment Default |
Modify |
Result |
Warning |
|
1 |
1 |
$1000 |
|
|
|
|
|
2 |
2 |
$1000 |
$500 |
Each amount = $400 |
Number of payments = 3 |
Payment 3 estimated at $200. |
|
3 |
2 |
$1000 |
$500 |
Total amount = $500 |
Each amount = $250 |
|
|
4 |
2 |
$1000 |
$500 |
Each amount = $250 |
Number of payments = 4 or total amount= $500 with "Is Settlement" check box selected. |
|
|
5 |
2 |
$1000 |
$500 |
Payments = 4 |
No changes in values. |
Overpayment estimated at $1000. |