The following information details how payment plan payments are applied to accounts. The logic is different for manual vs automatic plans.
For Manual Payment Plans it runs as follows:
- Missed
- Next Future Payment
- Amount not on PP
- End of PP
For Automatic Payment Plans:
- Missed (CC invalid, voided payment, etc)
- Due on auto-submission
- Amount not on PP
- End of PP
The logic for these are similar but have one difference when it comes to the automatic plans. It starts with any missed payments in order to finish one month’s payment before moving on to the next. After this it is the next future payment, for manual plans. This is where it differs for Automatic plans. For Automatic plans the payment is taken by the system and this runs as a side process with little to no interference with any of the other steps, allowing it to run 1,3,4. After this it starts to pay off the amount not on the plan in order to keep the original payment amounts the same, while starting to pay off other bills. Once these are paid, or if they don’t have anything off the PP, it starts to subtract money off the final payment.