A structured settlement can be set to override an overdue tier or the base cost of a violation for a specified amount of time. For instance, if you have a payment tier set up to have an invoice increase by $15 after 7 days and you want to override that for a certain amount of time (such as if the violator has asked for a few extra days to pay), you can create a structured settlement on that specific violation.
A structured settlement will also work on the base cost of a violation.
First Step
To create a structured settlement, under the Violations Management tab search for the violation you wish to edit, open up the Violation Details page and click the Actiondrop down (see below). Select Create Structured Settlement from the drop down, and click OK.
Second Step
Expires In: this is the time period that the structured settlement cost will be active for.
Owed: What the violator currently owes on the invoice.
Charge Amount: The new charge you are applying to the structured settlement.
Reason: The (optional) reason why you are creating a structured settlement. This will show up in the Audit History tab under the invoice.
This example shows the violator had an outstanding violation for $50, but they asked to have a week to pay the original $35 invoice. After those 7 days are up and the violator has not paid, the invoice will revert back to the $50 invoice, or another overdue tier (if that has been set up).
Once finished, click Save.
Third Step
You can view, and edit as well as delete structure settlements at any time. To edit or delete, click on View Structured Settlements on the Violations Details page of a violation with a current structured settlement (see below). The page shown in the Second Step of this article will pop up and you can choose to edit and save, or delete the current structured settlement.