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Frequency Options for Standard Payment Arrangements

The "M" is for monthly.
Example, if the debtor wants to send a payment on the 15th of each month, you could choose "M" and you would go to the field start date and key in the 1st payment due date.

The "D" is for daily or number of days.
Example, if the debtor wants to send a payment every 5 days, you could choose "D" and you would go down to the field days of month for 'B' or frequency for 'D' and key in 5 in the 1st field.

The "B" is for bi-weekly or twice a month.
Example, if the debtor wants to send a payment on the 5th and 20th, you could choose "B" and you would go down to the field days of month for 'B' or frequency for 'D' and key in 5 in the 1st field and 20 in the 2nd field.

 

Keywords - Article Payment Arrangements Article Frequency Options

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  1. Kailer@key2recovery.com

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