Missed Payments

Missed repayments

Repayments can be Bounced manually and eventually will be able to be deferred. Bouncing a repayment generates an opposite repayment transaction called a reversal. The system will assume all repayments that exist or were created were collected without issue, unless it is told that repayment bounced.

The EasyTrack® system allows users the ability to make and process repayment batches, but it is not able to perform actual collections, users are required to perform reconciliations for missed (Bounced) payments.