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Moneylender Express
Overview of Moneylender Express Screen Elements
Dialogs:
New Loan Dialog Series
Open Loan
Main Window
Prequalify A Loan
Loan Title
Borrower Information
Loan Terms
Payment
Lender Information
Print Vouchers
New Loan Dialog Series
When Moneylender Express starts for the first time it prompts you to set up your first loan.
You can cancel out of this process and work with a blank loan if you prefer. The new loan
dialog sequence allows you to enter a title, notes, borrower information, and loan terms in
succession to get the basics of the loan into the system easily. For details on each step
in the new loan sequence visit their corresponding dialog listings below:
Loan Title
Borrower Information
Loan Terms
Open Loan
This dialog opens automatically if there is at least one loan on file when Moneylender Express starts.
You can also open it from the File menu by choosing "Open Loan..." or pressing Ctrl+O.
Dialog Elements:
New Button - Start the New Loan Dialog Series
Delete Button - Only enabled when a loan is selected in the Loans on File List.
Erases the current loan.
Loans on File List - Displays all loans in your loan folder. Double-click a
loan to open it in the main window.
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Main Window
This window shows the current status of your loan. The title of the loan appears at top left, and borrower
name at top right. Vital statistics of the loan are displayed in the middle with loan notes appearing below
them.
Dialog Elements:
File Menu - provides for opening a loan, creating a new
loan, renaming the current loan, and exiting the program
Edit Menu - provides undo action for payment changes,
terms changes, and borrower changes. MLE stores the last ten actions in memory should you need
to undo them.
Loan Menu - provides for prequalifying a loan, managing the
loan borrower, terms, and payments, and printing vouchers to give to your
borrower to include with their payments.
Settings Menu - provides access to the lender information dialog and
this online help catalog.
Loan Title - the upper-left label displays the loan title. Clicking it opens
the Loan Title dialog.
Borrower - the upper-right label displays the borrower's name. Clicking
it opens the Borrower Information dialog.
Loan Data - the middle of this window contains the vital statistics of the
loan:
"Initial Balance" represents the principal borrowed as set in the Loan
Terms dialog.
"Current Balance" shows the principal plus any interest accrued less payments made to date. If payments are recorded for a future date, or are otherwise unaccounted
for, this number appears in blue and a note appears above the payment list.
"Payoff Amount" is the current balance plus any unpaid late fees, unaccounted and future payments
are included in this amount.
"Late Fees Due" shows the total unpaid late fees on the account. If your borrower owes
late fees, Moneylender Express will pay the late fees from any amount over the regular payment in each period
before crediting additional surplus to the loan balance. If your borrower only makes the regular payment,
it is credited to the loan and late fees will remain unpaid until an amount greater than the regular payment
is credited to the account in a single period.
"Interest Accrued To Date" shows how much interest has been earned on the loan to date.
"Total Paid" shows the sum of all payments on the loan, but does not included payments of
type "None" (gray icons).
Loan Note - the scrolling textbox in the middle of the window displays the notes
you have on the loan.
Payment List - the bottom of the window is consumed by the payment list. Here
you'll see all payments on file for this loan. Add a payment to the loan by double-clicking "New Payment",
choosing "New Payment..." from the Loan menu, or pressing Ctrl+P. You can edit a payment by double-clicking
it, or selecting it and either choosing "Edit Payment..." from the Loan menu or pressing Ctrl+E. You can
delete a payment by selecting it and either choosing "Delete Payment" from the Loan menu or pressing the
Delete key.
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Prequalify A Loan
Use this dialog to determine how much money you can safely loan a borrower. Determine their maximum payment
and enter it here with other terms for your loan to see the maximum loan amount within their means. You
can open this dialog by choosing "Prequalify..." from the Loan menu.
Dialog Elements:
Maximum Payment - enter the most a borrower is able to pay each month or week.
Interest Rate - enter the rate your loan will earn interest.
Term - enter how long you will be receiving payments on this loan.
Payment Frequency - payments will be made monthly or weekly.
Maximum Loan Amount - displays the principal on a loan with the statistics
you entered.
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Loan Title
This dialog allows you to name or rename your loan and edit the notes associated with it. You can open
this dialog by clicking the Title or Note on the main window, or choosing "Rename Loan..." from the File
menu.
Dialog Elements:
Loan Title - enter a title for the loan. Moneylender Express does not allow
duplicate titles and you will be prompted to overwrite another loan if you choose a duplicate title.
Notes - any details about a loan you'd like to keep in your Moneylender
Express records can be entered here.
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Borrower Information
Here's where you keep the contact and account information for your borrower. Name, Address, and Account
Number are printed on the Payment Vouchers. You can open this dialog by clicking the Borrower Name on the
mail window, or choosing "Borrower..." from the Loan menu.
Dialog Elements:
Name - enter the name of the person or business responsible for repaying
the loan.
Address - enter the mailing address of the borrower.
Phone - enter the borrower's phone number.
Email - enter the borrower's email address.
Account # - enter an account number to use with this loan.
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Loan Terms
The terms are the meat and potatoes of your loan. Set up your terms and Moneylender Express will
calculate the regular payments and manage your loan. You can access this dialog by choosing "Terms..."
from the Loan menu, or typing Ctrl+T.
Dialog Elements:
Principal - enter the amount you are lending to your borrower, plus any
fees included in the loan.
Interest Rate - enter the annual interest rate of the loan.
Term - enter the length of the loan
Payment Frequency - select monthly or weekly payments.
1st Payment Due - choose the due date of the first payment.
Late Fee - enter the amount charged when a payment is marked late.
As you change these elements the values on the right side of the dialog will update automatically to
show the calculations on the loan.
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Payment
This little dialog lets you configure the details of each payment. You can open existing payments by
double-clicking them from the Payment List or selecting them and choosing "Edit Payment..." from the Loan
menu. You can create a new payment by pressing Ctrl+P, double-clicking New Payment from the payment list,
or choosing "New Payment..." from the Loan menu.
Dialog Elements:
Amount - the dollar amount of the payment.
Apply to Period - select the due date for that payment, or the period to credit
the payment.
Type - specify the type of the payment:
"None" - Gray Icon, Placeholder, not accounted.
"Timely Payment" - Green Icon, credit the payment towards the loan, and use surpluses to pay late fees.
"Late Payment" - Red Icon, add a late fee to the account and credit the payment.
"Principal Payment" - Blue Icon, choose this to allocate 100% of this payment to the balance on the loan, regardless of late fees.
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Lender Information
Keep your information in this file for printing Payment Vouchers. Access this dialog by choosing
"Lender..." from the Setting menu.
Dialog Elements:
Name - enter your name or the name of your financing company
Address - the address where you receive payments.
Phone - your customer service phone number.
Email - enter your email address.
Payable To - enter the payee as you want it to appear on loan payments.
Voucher Order - print vouchers so they stack in order when cut, or so they
appear in numerical order on the pages.
Reverse Print Order - Check this box if you want the vouchers to come out of your
printer last-to-first, leave unchecked to print first-to-last.
None Button - click to remove your company logo from the file.
Browse Button - click to specify an image as your company logo to print on
payment vouchers. It is highly recommended that your logo image not exceed 200x75 pixels to preserve
aesthetic voucher formatting.
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Print Vouchers
Clicking "Print Vouchers..." from the Loan menu opens the Print dialog. In the print dialog, changing
"Pages from ... to ... " will change which vouchers are printed. Each voucher counts as one page. Use
this option to generate professional payment vouchers to provide your borrowers to include with their
payments.
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