Creating Payment Plans

Complete this task to create a payment plan on a guarantor account. The account must have an outstanding balance of service fee line items in guarantor responsibility. I

If the account has a payment plan, the following text appears across the top of the Active AR tab. A Payment Plan is active for this account.

When a payment plan is already active on the account, any new service fee line balances in guarantor responsibility are automatically added to the payment plan. You do not need to create a new one.

Step-By-Step Guide

Step	Instructions
1	From the Act: [ID] > Active AR tab of the guarantor account or the Collections > Guarantor tab (with the account selected), click Payment Plan. The Payment Plan window opens.
2	Enter the amount of the payment for the payment plan in the Payment Amount field.
3	In the Payment Interval section, select the frequency in which the payment is due: Monthly or Specified number of days.
4	Enter or select the date of the first payment in the First Payment Date field.
5	Enter any additional information about the payment plan in the Add Additional Note field.
6	Click Save. The account is flagged with the following text: A Payment Plan is active for this account.