Charge Offs

Credit Union Charge Off Software

Sharetec maintains all charge off information related to a particular member, including the loan number, balance, doubtful percent, doubtful amount, officer, type, reason and any notes. If you are fortunate enough to receive a recovery payment, you apply it to the loan just like any other loan payment using the transaction screen. In the event a member chooses to make amends and wishes to pay you back with interest, Sharetec accumulates that interest automatically on the loan record, making it a breeze for you to provide a pay off quote.

Data Systems of Texas Southwest credit union management software providers