EdgeCaseTest008
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Net effect |
Payment status |
Balance status |
Actuarial interest |
New interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Settlement figure |
| 0 |
2024-02-02 |
250.00 |
n/a |
0 |
0.00 |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
250.00 |
250.00 |
| 6 |
2024-02-08 |
n/a |
n/a |
0 |
0.00 |
write-off 42.00 |
42.00 |
extra payment |
open |
12.0000 |
12.0000 |
12.00 |
30.00 |
0.0000 |
220.00 |
220.00 |
| 16 |
2024-02-18 |
n/a |
n/a |
0 |
0.00 |
confirmed 97.01
confirmed 97.01 |
194.02 |
extra payment |
open |
17.6000 |
17.6000 |
17.60 |
176.42 |
0.0000 |
43.58 |
43.58 |
| 20 |
2024-02-22 |
n/a |
original 97.10 |
1 |
0.00 |
n/a |
0.00 |
nothing due |
open |
1.3946 |
1.3946 |
0.00 |
0.00 |
1.3946 |
43.58 |
44.97 |
| 49 |
2024-03-22 |
n/a |
original 97.10 cancelled |
2 |
0.00 |
n/a |
0.00 |
nothing due |
open |
10.1106 |
10.1106 |
0.00 |
0.00 |
11.5051 |
43.58 |
55.08 |
| 58 |
2024-03-31 |
n/a |
rescheduled 50.00 |
3 |
50.00 |
n/a |
0.00 |
missed payment |
open |
3.1378 |
3.1378 |
0.00 |
0.00 |
14.6429 |
43.58 |
58.22 |
| 80 |
2024-04-22 |
n/a |
original 97.10 cancelled |
4 |
0.00 |
n/a |
0.00 |
nothing due |
open |
7.6701 |
7.6701 |
0.00 |
0.00 |
22.3130 |
43.58 |
65.89 |
| ✓ 88 |
2024-04-30 |
n/a |
n/a |
4 |
0.00 |
n/a |
68.68 |
generated |
closed |
2.7891 |
2.7891 |
25.10 |
43.58 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: 68.68 on day 88 |
Final balance status: closed |
| Effective interest rate: 0.2486363636 % per day |
Final cost-to-borrowing ratio: 21.88 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 80 |
| Final actual payment count: 3 |
Last actual payment day: 16 |
Description
Partial write-off
Generated: see details
Basic Parameters
| Evaluation Date |
2024-04-30 |
| Start Date |
2024-02-02 |
| Principal |
250.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2024-02 on 22 |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.8 % per day |
method: actuarial |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily 0.8 % |
|
Advanced Parameters
| Payment options |
| scheduling: as scheduled |
timeout: 3 days |
| minimum: defer or write off up to 0.50 |
|
| Interest options |
| initial grace period: 0 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Settlement day | n/a |
| Trim unrequired payments | false |
Extra Info
| Reschedule Parameters |
|---|
| Fee Settlement Rebate | no rebate |
| Payment Schedule |
| config: custom schedule |
| day: 58 |
scheduled payment: rescheduled 50.00 |
|
| Rate on Negative Balance | 8 % per year |
| Promotional Interest Rates | n/a |
| Settlement Day | on evaluation day |
Initial Schedule
| Day |
Scheduled payment |
Actuarial interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Total actuarial interest |
Total interest |
Total principal |
| 0 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
250.00 |
0.0000 |
0.00 |
0.00 |
| 20 |
97.10 |
40.0000 |
40.00 |
57.10 |
0.00 |
192.90 |
40.0000 |
40.00 |
57.10 |
| 49 |
97.10 |
44.7528 |
44.75 |
52.35 |
0.00 |
140.55 |
84.7528 |
84.75 |
109.45 |
| 80 |
97.10 |
34.8564 |
34.85 |
62.25 |
0.00 |
78.30 |
119.6092 |
119.60 |
171.70 |
| 110 |
97.09 |
18.7920 |
18.79 |
78.30 |
0.00 |
0.00 |
138.4012 |
138.39 |
250.00 |
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 55.36 % |
Initial APR: 1316 % |
| Level payment: 97.10 |
Final payment: 97.09 |
Last scheduled payment day: 110 |
| Total scheduled payments: 388.39 |
Total principal: 250.00 |
Total interest: 138.39 |
FSharp.Finance.Personal