Due Date

Mnemonic: LNDUDT

This field displays the current Due Date on the customer loan account. Changes to this field will affect billing records that are still due. As long as nothing has been billed for the Due Date, a change of up to five days will be allowed in this field. If the Due Date needs to be advanced more than five days, use the Hardship Deferment transaction (see Deferments on the EZPay screen) or contact your supervisor on how to best advance the Due Date. (Not every institution allows Hardship deferments.)

The Due Date is the main factor the system uses to apply late charges. If a full required payment has not been made by the Due Date + Grace Days, the account will be assessed a late charge in the afterhours.

The number of changes made to this field is displayed in the Due Date Times Changed field below.

Date Opened

Mnemonic: LNOPND

This field displays the date the customer's card loan account was created. This will be the first Date Opened of the first purchase or promotion. If additional purchases are added to the card account, the Date Opened (NLDTOP) can be found on the Promotion Status tab for each subsequent promotion that is added to the account.

Due Date Times Changed

Mnemonic: N/A

This field displays the number of times the Due Date (see above) on the customer card loan account has been changed. Remember: Changing the Due Date should only be done by supervisors, unless your institution allows a small five-day advance.

Date of Last Billing

Mnemonic: LNRLFD

This field displays the date the most recent billing statement was created for the customer card loan account. This is a very important date when determining the amount of interest or finance charges each month. See the Billing Date and Calculating Average Daily Balance topic for more information.

APR of Last Billing

Mnemonic: N/A

This field displays the APR from the most recent billing record for the customer's card loan account. Annual Percentage Rate can be different from one month to another month if the promotional interest rate expires. Also, different interest rates for different purchases will cause the APR to go up or down from one month to the next. This percentage is calculated by the system in the afterhours of the Billing Date.

If the loan has a same-as-cash promotion, and the promotion expires before the most recent Billing Date, you may see a big increase to this percentage. That's because all the back interest since the loan was opened is now accrued on the account during that month's billing cycle, which makes it appear as though the account has a large APR. The next billing cycle will return the APR to normal levels.

Current Rate

Mnemonic: N/A

This field displays the current rate on the customer card loan account based on all purchases on the account. This rate is calculated by taking each promotion (or non-promotion) balance multiplied by the effective accrual rate of that promotion (or non-promotion). The total of all promotions and non-promotions is then divided by the card balance.

For example: One purchase is accruing interest at the Standard Rate of 15.9% and another purchase is accruing interest at the Promotional Rate of 3.9%. If the balance of the standard-rate purchase is $5,000.00, and the balance of the promotional purchase is $10,000.00, then the current rate would be calculated as follows:

((10,000 * 3.9%) + (5,000 * 15.9%)) / 15,000 = 7.9%.

Minimum Payment Due

Mnemonic: N/A

Loosely defined, the Minimum Payment Due is the payment amount due that billing cycle so the borrower does not incur a late charge. If there is more than one promotion on a loan, each minimum payment of each promotion adds up to the total amount of Minimum Payment Due on the loan. This amount will show on the Billing Statement (FPSR313) for the borrower.

The following key fields are very important in determining the Minimum Payment Due:

•Payment Type: This is a loan-level field, not promotion-level field. There are seven different Payment Types, but only three of them can be used with line-of-credit card loans. (Regular consumer line-of-credit can use all seven.) This is probably the most important field when determining the Minimum Payment Due. See the Payment Type field definition for more information.

•Payment Percent of Balance: If the Payment Type selected is for a percentage of the balance, this is the percentage used to make that calculation; may use Actual Balance or Original Balance on the loan. See Payment Percent of Balance for more information.

•Finance Charges: Not all card loans require finance charges (interest acquired that month) to be part of the Minimum Payment Due to roll the Due Date (minimum amount required to not get a late charge). However, if the Payment Application dictates that interest is paid first, payment amounts may go toward interest (finance charges) before funds go toward the P/I Constant. Note: The Entire Payment Rolls Due Date option may also force the Due Date to roll if the total amount of the payment equals the Minimum Payment Due, regardless of the Payment Application. Also review the Roll Due Date Within option for information on partial payments that may still roll the Due Date.

If the account is behind on payments, the Minimum Payment Due reflects the total amount of missed P/I Constants. Again, the Payment Type field can explain this better.

Suspected ID Fraud

Mnemonic: LNFRAU

This field indicates whether the customer card loan account has been flagged with potential ID fraud. If this field is marked, no statements or credit bureau reports will be issued for the loan.

Date of Last Payment

Mnemonic: LNDTLP

This field displays the most recent date a payment was posted on the customer card loan account. Institution Option NDLP prevents this field from updating when a payment is made on a loan that is in deferment. Deferments can be made from the EZPay screen or through CIM GOLDTeller. See these topics for more information:

•Deferments in EZPay

•Deferment Transactions in CIM GOLDTeller

Last Payment Amount

Mnemonic: N/A

This field displays the amount of the most recent payment posted on the customer card loan account.

Year to Date Interest

Mnemonic: LNYTDI

This field displays the amount of interest that has been collected on the customer card loan account for the current calendar year.

Last Year's Interest

Mnemonic: LNPYTD

This field displays the amount of interest collected on the customer card loan account for the previous calendar year.

Pay Account to Zero field group

See Pay Account to Zero field group for more information.