What is suspense? Is it counted towards my balance?
What is suspense? Is it counted towards my balance?
Katapult’s self-service portal and custom payment options allow you to make payments in any amount up to the amount necessary to purchase the property through the early purchase option or through payments of the total cost of the lease. The flexible payment features are designed for your convenience. If you elect to pay an amount that exceeds the current amount due for the next rental period, Katapult will apply any overage to your next payment period, draining this suspense amount. This will continue for future periods until any amount in your suspense account is exhausted. Pursuant to Katapult policy and procedure, any overpayment on your current lease agreement is 100% refundable. Currently, your suspense is being reflected in the buyout amount.