Payoff Calculator

The payoff calculator option provides a method to determine a future payoff with interest at a future date you decide.  Merge fields are also available to place the future calculation onto letter.  If you currently charging interest on accounts, this option will automatically be available.

To use the Payoff Calculator:

1. Open up a Debtor folder

  

 

 

  • 2. Navigate to Operations > Debtor > Payoff Calculator
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  • 3. Select a Future Date
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    4. Payoff will be displayed in the last column based on the future date you selected

     

    To add payoff calculator to the Letters:

    1. Navigate to Administration > Correspondence > Define Letters
    2. Create a letter or select one of your existing letters
    3. Click the Merge fields tab and Select the Account section

    4. Merge field available are ACCTBalPayoff and ACCTRef1Payoff

    5. Select a merge field and on the right side you have a button that looks like a wrench

    6. Click the Wrench button and this will give you the option to pick a date offset of how it will calculate the future payoff date.

    7. Select an offset from the Current Date, such as 30 would be an offset of 30 days in the future

    8. Select an offset from a static date.

    9. Click Save Changes to save the Date offset and then click Save Changes and Close to save the letter changes

    Main Support Line:

              
    All Support Team Members (866) 684-7387 RR_Support@revq.com
    Chris Stickney (Support) Ext. 5673 Chris.Stickney@revq.com
    Angel Davis (Support) Ext. 5756 Angel.Davis@revq.com
    Kellie Mendenhall (Trainer)   Ext. 5676 Kellie.Mendenhall@revq.com
    Aaron Burge (Installation) Ext. 5710 Aaron.Burge@revq.com

     

    Mailing Address

    4400 NE 77th Avenue, STE 100
    Vancouver, WA 98662