Generate Payment Schedule Algorithm Types

The core of the pay plan recommendation rule is the Generate Payment Schedule plug-in. The base-package provides two methods for generating a payment schedule: a fixed amount schedule or a fixed duration schedule. Both methods incorporate forecasted penalty and interest charges into the calculations of scheduled payment amount. For more details on these plug-ins see the following:

A fixed amount payment schedule C1-PP-FIXAMT.

A fixed duration payment schedule C1-PP-FIXDUR.