Payment Plan

Set the payment plan instalment frequencies to be updated.

Note: Selecting a payment plan does not actually update the debtor's payment plan. It simply copies the values into the fields below.
You may also need to update automatic payment details. See Applying process adjustments.

New Instalment Frequency

Set the debtor's instalments to this frequency.

Instalment Charges Remaining for Year

The number of instalment charges left for the year. This is automatically entered when the Instalment Frequency is selected.

Next Instalment Date

The date the next instalment will be charged.

Instalments With No Charges Generated

Select if you want to only apply the update to instalments with no charges generated.

For example, decide on how to treat next year's charges while outstanding charges exist, or an instrument that has not been charged out in full.

Current Instalment Frequency

Only change instalments that are currently set to this frequency. For example, if you want to change all Monthly instalments to Fortnightly instalments.