Account Terms
Actual Payment Amount: Definition
The amount actually paid by the consumer in the reporting period.
Definition
Actual Payment Amount is the dollar amount that was actually paid by the consumer during the most recent reporting period. This may differ from the Scheduled Monthly Payment Amount if the consumer paid more or less than required.
Examples
00400 = Consumer paid $400 this month
Usage Notes
- Can exceed scheduled payment if extra principal is paid
- Zero indicates no payment received
- Should be consistent with payment history
Related Metro 2 Fields
Related Terms
More Account Terms
Account Status
A code indicating the current condition of an account.
Account Type
A code specifying the type of credit account.
Account Number
The unique identifier assigned to a credit account.
Amount Past Due
The total amount currently overdue on an account.
Current Balance
The total outstanding balance on an account.
Credit Limit
The maximum amount of credit available on a revolving account.
Highest Credit
The highest balance ever recorded on the account.
Original Loan Amount
The initial amount borrowed on an installment account.
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