Search found 101 matches

by wtech_josh
Thu Dec 12, 2019 2:06 pm
Forum: Other Options
Topic: Where/how do I start reporting to credit bureaus?
Replies: 0
Views: 37887

Where/how do I start reporting to credit bureaus?

You need an account with at least one of the credit bureaus, and you can upload the Metro2 files that Moneylender generates through each of their online systems once you have an account. Once you have an account, you'll submit your first file for testing/verification. You'll probably get a response ...
by wtech_josh
Thu Dec 12, 2019 1:30 pm
Forum: So my borrower just...
Topic: Their payments are all over the place and I just want it to show that they're current.
Replies: 1
Views: 116997

Their payments are all over the place and I just want it to show that they're current.

Our borrower has been mostly acceptable with a few stumbles, but overall we're happy with their repayment, how do we tell Moneylender that we want them to be current? I don't want to waive any interest or fees or anything, but I want the loan to look like they're current. Without affecting the actua...
by wtech_josh
Thu Dec 12, 2019 12:40 pm
Forum: Installation / Portfolio Setup
Topic: Cool Features to Set Up Right Away
Replies: 0
Views: 38294

Cool Features to Set Up Right Away

People ask what tips can you give me to get started? Here's a list of some of the cool capabilities you'll probably want to turn on in Moneylender right away: Automatic Backups - File > Moneylender Settings > Backup tab - specify a cloud-synchronized folder like dropbox or onedrive for the backups a...
by wtech_josh
Wed Dec 11, 2019 10:36 pm
Forum: Bankruptcy
Topic: Proof of Claim form
Replies: 0
Views: 38059

Proof of Claim form

Bankruptcy courts use a standard proof of claim form, and the attached template file is a version of the payment distribution report that will very closely match that Proof of Claim format. If anyone has tried submitting this report directly, please let us know if the court accepted it or not. I tal...
by wtech_josh
Wed Dec 11, 2019 10:07 pm
Forum: Installation / Portfolio Setup
Topic: Merge two portfolios together?
Replies: 0
Views: 37535

Merge two portfolios together?

If you have loans in more than one portfolio, and you want them merged together so all your loans are in the same portfolio: Open one portfolio > select all the loans (click a loan and press Ctrl-A) > Tools > Copy Selected Loans to a Different Portfolio > Choose the other portfolio file. Moneylender...
by wtech_josh
Wed Dec 11, 2019 8:57 pm
Forum: Bankruptcy
Topic: Stopping interest and fees from accruing in bankruptcy protection
Replies: 0
Views: 32376

Stopping interest and fees from accruing in bankruptcy protection

Do two things to the loan: set the interest rate to zero when the protection took effect, and expire the late fees before the protection kicks in. Select the loan > Settings tab > Interest section > click the New (plus) button > set the rate to 0% and the effective date to when the protection kicks ...
by wtech_josh
Wed Dec 11, 2019 8:21 pm
Forum: End of Loan
Topic: How can I keep track of loans that are maturing?
Replies: 0
Views: 34896

How can I keep track of loans that are maturing?

There are a couple tricks you can use to make it easy to keep track of loans that are maturing soon: The red exclamation-triangles along the left side of the list of loans will light up when loans are getting close to maturity. Hover or click them to see a message about the exact date of maturity. Y...
by wtech_josh
Wed Dec 11, 2019 4:29 pm
Forum: End of Loan
Topic: Sending a Loan to Collections
Replies: 0
Views: 32129

Sending a Loan to Collections

My personal favorite way of sending a loan to collections is to charge-off the loan and then consider all payments through collections as profit. First, use the Payoff Calculator to generate a payoff quote. Send that amount to collections - that's what the borrower is supposed to pay you at the time...
by wtech_josh
Wed Dec 11, 2019 4:18 pm
Forum: AutoPay Service
Topic: What happens to recurring payments at the end of a loan?
Replies: 0
Views: 32762

What happens to recurring payments at the end of a loan?

In AutoPay, if a loan is closed in Moneylender, it will stop generating recurring payments. If a payment is scheduled within 7 days at the time the loan is marked closed, you will probably need to go to the AutoPay settings on the loan and cancel that payment. If a borrower chose the recurring payme...
by wtech_josh
Wed Dec 11, 2019 4:14 pm
Forum: AutoPay Service
Topic: What's the link to give to my borrowers?
Replies: 0
Views: 25413

What's the link to give to my borrowers?

https://whitman.tech/payments is the link to the AutoPay login. When you enroll a loan, the server will email the link with an invite code to the borrower. Without the invite code, the borrower won't be able to sign up for AutoPay, even if they go to the link above. Make sure you've enabled AutoPay...