Charge Off

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Log a Recovery Payment

Introduction. A recovery payment is a payment you receive on a charged-off account. You should only charge off an account if it’s unlikely that some portion of what is owed on the account will ever b…

Updated 2 weeks ago by Jackson Stone

Charge-Offs 101

This article explains the concept of charge-offs. It also explains how to create and view charge-offs logged on loans.

Updated 3 weeks ago by Brinley Bushman

Charge Off – Collectible vs. Uncollectible

A suggestion of how to configure loan statuses relating to Charge-Offs.

Updated 2 months ago by Kayla Todd

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.

Updated 1 month ago by Brinley Bushman

Charge-Off Accounting

Complexity:. Audience: Upper Management, Accounting, Loan Servicing/Collections Managers, Administrator, Compliance This article was written to explain the basics of accounting behind charge-off. It…