Log a Recovery Payment
New Feature: In our most recent update, we added authorization types to ACH recovery payments. Introduction. A recovery payment is a payment you receive on a charged-off account. You should only char…
This article explains the concept of charge-offs. It also explains how to create and view charge-offs logged on loans.
Charge Off – Collectible vs. Uncollectible
A suggestion of how to configure loan statuses relating to Charge-Offs.
Net Charge-Off Overview
The net charge-off section of LoanPro accounts is designed to help you track any amounts on your accounts that you have deemed uncollectible. This article will explain how it works.