What happens if a guarantor pre-pays (pays ahead of the installment due date), AND pays more than the installment amount?
What happens if a guarantor pre-pays (pays ahead of the installment due date)?
What happens if the amount owed on a payment plan decreases?
What happens if a current payment plan gets updated later?
What happens if the amount owed on a payment plan later decreases?
What happens if a guarantor misses a payment?
Payment Plan Core Logic
What happens if the balance for a visit on a payment plan later increases?
What happens if a payment is late?
What happens if a guarantor pays less than the monthly installment amount?

What happens if the amount owed on a payment plan decreases?

The plan decrease is applied to the oldest installment amount. For example, if the guarantor originally owed $600 and signed up for a 12 month payment plan of $50/month. The amount was later decreased to $500, after insurance adjustments. What happens to the $100 decrease?

The $100 is dropped starting from the last installment month until it is zeroed out. In this case, Month 11 and Month 12 $50 payments zero out, so the guarantor only owes $500 over 10 months.