a client has two loans – one loan is present and another loan is delinquent and makes a $200 re re re payment:
|Loan A||Loan B|
|October 15 due date||$125 amount past due 1|
|November 15 due date||$50 present re re payment quantity due 2||$125 current re re payment quantity due 3|
|Total due on November 15th
||$300 total due|
The $200 re re payment received by November 15 will soon be distributed into the after order:
- 1 Loan B – $125 distributed into the quantity delinquent, considering that the loan is considered the most times overdue.
- 2 Loan A – $50 distributed to your present repayment quantity due, because both loans are now actually current and Loan a has got the cheapest present re re payment quantity due.
- 3 Loan B – $25 distributed towards the present repayment quantity due. Continue reading “Exemplory instance of spending significantly less than the sum total due when one loan is present plus one loan is overdue: a client has two loans – one loan is present and another loan is delinquent and makes a $200 re re re payment:”