Based on user feedback, we have made an adjustment to how first payment dates are determined for 1Click Loan Offers. This change is effective Tuesday, October 24.
Previously, offers used the date of acceptance and added one month to determine the first payment date. Beginning tomorrow, offers will now default to the loan product configuration in Tool #470, using the First Payment Date and Day of First Payment fields to calculate the first payment date (functioning like regular loans).
However, if you wish to keep your first payment date as acceptance date + one month, simply confirm that the First Payment Date is set to 30 and Day of First Payment is set to 0.
Note that these changes do not impact credit card loans, as they will still default to the 28th of the month when a member accepts the 1Click Loan Offer.
We recommend that prior to sending a new batch of offers, users review that the loan product configuration is set as expected.
