Don’t worry, if the borrower contacts you to request a change to their treatment amount and has not signed their final agreement documents, you can still easily revise the borrowing amount. Go to your Practice Center Dashboard, find the applicant’s name, and click Change under the Next Steps column. You can then enter the new treatment amount. If a Max flag appears, the amount requested is already the maximum amount the applicant is approved to borrow so no amount increases will be accepted. Please ensure you review with the borrower and obtain their consent before revising.
What do I need to do if the treatment amount needs to be changed?
Last Updated June 8, 2023less than a minute read
Additional Treatment Fee Changes FAQ
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Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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