LOAN MANAGER – FAQ
How can I find if I have an amount of 0.00 in the Expected Pmt column for Partial Payments – in the Margill Loan Manager Payment schedule
Q: How can I find if I have an amount of 0.00 in the Expected Pmt column for Partial Payments – in the Margill Loan Manager Payment schedule? A: Partial payments are usually a lot less common than Paid or Unpaid payments so they usually can be found quickly. Go to Reports > Personalized reports > […]
Is it possible to issue a refund to a customer who overpaid, directly from Margill?
Q: Is it possible to issue a refund to a customer who overpaid, directly from Margill? A: Do you mean issuing a credit to the customer directly in Margill like when you do a pre-authorized debit with Perceptech / Acceo / Transphere (in Canada)? The answer is no with Perceptech / Transphere but with our […]
What’s criminal? Lenders beware – amendments to Criminal Code under Bill C-274
An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend1 the definitions of “criminal rate” and “interest” in subsection 347(2) of the Criminal Code, while also repealing section 347.1, which had allowed certain exceptions for payday loans. The Bill will be […]