Field

Description

Balance

Mnemonic: LNPBAL

This is the total current principal balance on the customer card loan account. This does not include any accrued interest/finance charges that have not been paid.

Total Finance Charges as of Last Billing

Mnemonic: N/A

This is the total amount of all finance charges still due as of the most recent billing cycle on the customer card loan account.

Total Other Charges

Mnemonic: N/A

This is the total of all late charges and fees still due as of the most recent billing cycle on the customer card loan account.

Interest Due, Not Billed Yet

Mnemonic: N/A

This is the amount of interest accrued on the customer card loan account from the ending date of the most recent billing cycle (Date of Last Billing) to the present day.

Insurance Premiums

Mnemonic: N/A

This is the total amount of all outstanding insurance premiums, if insurance policies remain on the account.

Amount to Pay Account to Zero

Mnemonic: N/A

This is the sum of the fields above and represents the total amount necessary to pay the customer card loan account to zero as of the Effective Date (see below).

Effective Date

Mnemonic: N/A

This is the effective date to calculate the total amount needed to bring the account to zero. If you change the date to a future date in this field, then click <Recalculate>, the Amount to Pay Account to Zero will likely increase by the number of days from today to the future date times the Promotion Per Diem for each purchase.

This is a handy field to help borrowers who might wonder what the total amount would be to bring their account to zero on a future payoff date.