Extension Options and Configuration
There are different ways to configure Extension options in Bravo. This article will take you through the process of configuring these options for your store, and explain what these options mean.
What is an Extension, How is it different from a Renewal
The main difference between an Extension and a Renewal has to do with the terms of the loan. A Renewal is considered a new Loan, and all of the periods start over again, including hold days, grace periods, and pawn terms. The customer can only renew for a full period.
In an Extension, the loan terms remain the same, but the period of time for the customer to pay is extended by a certain number of days. Each store can configure their options for Extensions to meet their own individual needs.
- You can choose if extensions bring the Loan current or not.
- You choose if you will allow your customers to extend by a number of days at a time,
- You can also choose your customers can extend by full periods.
In Bravo, you can set all of these settings in your system configuration. To do this;
- Select System Configuration from the Bravo Dashboard.
- Then select the Configuration Tab.
- Scroll to the POP Config section. Click the arrow to expand the menu.
- Expand the LOAN EXTENSIONS menu.
Each of these options can be set for your individual needs.
Loan Extensions Print Pawn Ticket.
Check this box if you want to print a pawn ticket when a loan is extended.
Loan Extension Min Amount
You can configure a minimum dollar amount required to extend a loan.
Loan Extension Min Days
You can set a minimum number of days to extend. If you don’t want to extend for less than a week, for example, you would set this to 7.
Loan Extension Max Days
You can set a maximum number of days to extend at any given time. If you want to have your customers come in every month to pay, for example, you would set this to 30.
Loan Extensions Max Extensions
This would be the maximum number of extensions you will allow per loan.
Loan Extensions Max Total Days
This is the total number of days you will all a single loan to be extended over the life of the loan.
Loan Extensions Print Memorandum.
This is only required in Texas.
Loan Extensions Make Loan Current
When checked, this option will only allow extensions that will at least bring the loan current.
Prevent Extensions After Last Day of Grace
When checked, this will prevent any loan extension for loans that have passed their grace period.
Send Another Notice After Extension
When checked, this option will require a new notice after the extension period has passed.
Collect unpaid notice fees
Collect any unpaid notice fees during Extension/Partial Payment.
Last Updated: 2/21/2025