How is Expected # of Payments Calculated? : MCA Suite

How can we help you today?

Modified on: Wed, 7 Aug, 2019 at 10:15 AM

This article has been updated in 2019 to reflect the use of the Collection Schedule.

Expected # of Payments = Actual Expected Payback / Average Daily Payment

Average Daily Payment = Amount Repaid / Payment Days Elapsed

Payment Days Elapsed = Today - Collection Start Date (and taking into account the schedule type)

Expected Payoff Date = Amount Outstanding / Average Daily Payment + Today's Date

Did you find it helpful? Yes No