Delinquency Management

IES handles past due finances where the bank prefers to charge off or write off on account of contingencies.

Charge-Off Finance

You can use the charge-off option to repay the finance due to non-payment for a specific time. Charge-off activity removes the finance from the bank account, the borrower is still responsible for repaying the debt.

This service operation can be triggered using the below API.

Finance Write-off

You can use write-off option when due for a specific period, usually 180 days is not paid. This write-off activity removes the finance from the bank’s balance sheet and recognizes it as a loss.

This service operation can be triggered using the below API.