FEATURE UPDATE 

Creditors Tab: Utilization Rate

We’ve improved how Revolving Credit Utilization is calculated in the Creditors tab to give you a clearer picture of a client’s financial standing based only on enrolled debts.

✅ What’s New?

• Utilization Rate now uses this formula:
  Sum of Enrolled Revolving Balances ÷ Sum of Enrolled Revolving High Credit
• Updates dynamically as enrolled debts are added or modified
• Offers a more accurate view of the client’s revolving credit usage relevant to the program

🛠️ Other Changes

• The original credit report data remains for reference
• Unused fields like Total Settled and Available Balance have been removed
• The new Utilization Rate now appears where Total Settled used to be

Learn More:

• Creditors: Credit Utilization | logixx Help Center

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 FEATURE UPDATE 

Budget Analysis: 5% Eligibility & Enrollment-Based Cash Flow

We’ve added two new calculated fields to the Budget Analysis section to help agents assess client eligibility and financial stability with greater precision.

🔹 5% Eligibility

Calculates 5% of the client’s total enrolled debt from the Creditors tab.
Formula: Total Balance Amount × 5%
Use this to quickly determine if the client meets the commonly used 5% cash reserve guideline for program eligibility.

🔹 Enrollment-Based Cash Flow

Provides a clearer view of the client’s post-enrollment financial position.
Formula: Cash Flow – Total Monthly Enrollment Payment
This helps evaluate whether the client can sustain the enrollment plan after covering essential expenses.

Learn More:

• Budget Analysis: 5% Eligibility & Enrollment-Based Cash Flow (Fields) | logixx Help Center