Method B Exceeding Method D

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    • #5853
      Robert VanZettaRobert VanZetta
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      Hello,
      We are wondering how other institutions are handling this following scenario: We are calculating loan interest on a daily basis for certain loan types. We are running into situations where loan payments are not being made consistently on the actual due date which is causing future loan payments to fall delinquent due to the outstanding interest the future payment is being applied to and is shorting the principal due causing it to be DQ. We are wondering if other institutions are running into this issue and if so what practices institutions are implementing to correct these loans… I.E. extend maturity date, adjust payments etc…?

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