Intro XL allows you to create multiple future payments in one step. This is commonly used for post-maturity collections, payment arrangements, or temporary payment plans without restructuring the loan.
Key capability: You control the payment amount, number of payments, and frequency. Intro XL automatically creates the full schedule.
Where to Use It
- Open the borrower’s loan
- Go to the Payment Schedule section
- Use the New Scheduled Payment box
Enter:
- Date – First payment date
- Amount – Payment amount (user defined)
- Number of Payments – Total payments
- Frequency – Weekly, Bi-Weekly, Monthly, etc.
Click Add to generate the schedule.
Important: Difference vs Repayment Plans
This feature is not the same as a Repayment Plan.
- You control the payment amount. Repayment Plans typically split the balance automatically.
- Contractual delinquency does NOT reset. The original missed payments remain intact.
- Recency delinquency WILL reset when payments are made.
- The loan contract is not restructured. This is simply scheduling future payments.
When to Use This vs Repayment Plans
Use Multiple Scheduled Payments
- Post-maturity collections
- Custom payment arrangements
- Temporary payment plans
- Before deciding on a full repayment plan
Use Repayment Plans
- Formal loan restructuring
- Re-amortizing the balance
- Creating a new contractual payment schedule
- Resolving contractual delinquency
Summary
Use this feature to quickly create flexible payment arrangements without restructuring the loan. It is ideal for post-maturity recovery and custom collections while preserving the original contractual delinquency status.
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