Entries by Marc Gelinas

Is Margill Interest calculator or Margill Law calculator able to create a compound interest calculation with irregular payments and interest rates that change over time?

April 30, 2021 in , , /by

Q: Is Margill Interest calculator or Margill Law calculator able to create a compound interest calculation with irregular payments and interest rates that change over time? So is my understanding correct that your software will be able to work out the balance owing in terms of an overdue loan with compounded interest based on the following […]

I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager?

June 22, 2020 in , , /by

Question: I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager? Answer: Certainly with special Line statuses. First, go to Tools > Settings: Make sure “Interest paid” is available (not checked to Hide from menu) as well as an “Add. Principal X” Line status. We will […]

How can I create a schedule where I can see the interest that accrues on a daily basis, every day?

June 1, 2020 in , , , , /by

Q: My law firm must calculate the interest from June 30, 2019 to May 28, 2020 on an amount due by an insurance company. I must be able to see the interest that accrues every day. Interest rate is 4% annually and amount is 150,250.33. A: In Margill Law Edition, you would usually use the […]

Easily create and manage Covid 19 (Coronavirus) Emergency Business Loans with Margill Loan Manager Software

May 15, 2020 in , , , , /by

Federal, state and provincial governments, townships, cities and towns all over the world have created very generous loan programs to help businesses as they struggle with the global pandemic and the effect of confinement. These loans can take many shapes and finding the right software to properly create and manage these is not always easy. […]

12,000 Reasons why to use Loan Servicing Software as opposed to Spreadsheets!

March 24, 2020 in , , /by

I love spreadsheets, they are absolutely amazing for doing so many things. They are hugely flexible, powerful and allow you do to just about anything (almost). However, as we all know, they are also very dangerous because of human error! I recently implemented Margill Loan Manager with a new client who had been using spreadsheets […]

How to Defer Payments and Interest to give your Borrowers some Breathing Room Because of the COVID 19 Pandemic

March 19, 2020 in , /by

Q: How can I provide my borrowers a temporary payment and interest break in Margill Loan Manager? A: With normal loans, those with regular payments, at regular intervals, and no regular fees or taxes (the case with leases), this can easily be done in Margill and in bulk. So you need not do this individually, […]

Calculating Interest Distribution to Investors in Complex Participation/Syndicated Loans, Pools or Funds

January 30, 2020 in /by

Maximizing Investor Returns / Reducing Risk through Participation/Syndicated Loans Investors are constantly looking for new ways to maximize their returns. Investing in higher risk private loans is a method to generate 10 to 20% + annual returns. Of course, one of the objectives is to reduce risk and this can be achieved when multiple investors […]