Bundle Spread Methods

One Account at a Time

When any of the Bundle Spread Methods listed below are set up to be used with a transaction spreader, a payment will spread to each bundled account in order, paying off the first account before spreading to each subsequent account.

The first account is defined by the Bundle Spread Method. For example, the Bundle Spread Method of "Assigned Age (Oldest First)" will pay off the oldest account before spreading the remainder of the payment to the next oldest account. This will continue for the remainder of the payment to any accounts with buckets that have balance.

Assigned Age (Oldest First)

Assigned Age (Newest First)

Itemization Age (Oldest First)

Itemization Age (Newest First)

Last Charge Date (Oldest First)

Last Charge Date (Newest First)

Balance (Smallest First)

Balance (Largest First)

Across Buckets

When any of the Bundle Spread Methods listed below are set up to be used with a transaction spreader, a payment will spread to each bundled account in order, paying off the first bucket for the first account before spreading to the first bucket of each subsequent account. Following that, the payment will spread to the second bucket for the first account before spreading to the second bucket of each subsequent account.

For example, the Bundle Spread Method of "Assigned Age (Oldest First) Across Buckets" will pay off the first bucket of the oldest account, then the first bucket of each subsequent account before spreading the remainder of the payment to the next bucket of the oldest account and the next bucket of each subsequent account. This will continue for the remainder of the payment to any accounts with buckets that have balance.

Assigned Age (Oldest First) Across Buckets

Assigned Age (Newest First) Across Buckets

Itemization Age (Oldest First) Across Buckets

Itemization Age (Newest First) Across Buckets

Last Charge Date (Oldest First) Across Buckets

Last Charge Date (Newest First) Across Buckets

Balance (Smallest First) Across Buckets

Balance (Largest First) Across Buckets

Equally Across Bundle Member Accounts

The "Equally across all members, Smallest Balance First" Bundle Spread Method attempts to split a payment equally between accounts.

Example

There are five accounts in a bundle, and a $200.00 payment is being posted. Each account would receive a $40.00 payment. However, if one of the accounts has a $20.00 balance remaining, the payment would then split to pay $20.00 off first; the remaining $180.00 would then be split evenly between the remaining four cases in the bundle.

Pro Rata Spreader

This Bundle Spread Method will spread the payment so each bundle member account receives a percentage of the payment proportionate to the account's share of the total amount owed in the bundle.

Example

There is a bundle of four accounts with balances of $50, $100, $150, and $200, for a total of $500. If a $100 payment is received, the Pro Rata Bundle Spread Method would allocate the payment as follows:

Account 1 with a balance of $50 represents 10% of the total bundle balance ($50 / $500), and therefore would receive 10% of the payment, or $10.
Account 2 with a balance of $100 represents 20% of the total bundle balance ($100 / $500), and therefore would receive 20% of the payment, or $20.
Account 3 with a balance of $150 represents 30% of the total bundle balance ($150 / $500), and therefore would receive 30% of the payment, or $30.
Account 4 with a balance of $200 represents 40% of the total bundle balance ($200 / $500), and therefore would receive 40% of the payment, or $40.

Bundle Spread Method

One Account at a Time

Across Buckets

Equally Across Bundle Member Accounts

Pro Rata Spreader

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