Moneylender 3 Professional - Loan Servicing Software

User's Guide and
Documentation


Closing Loan - Overview

You get here from the previous step of the loan closing wizard, Loan Balancing.

Having determined how the balances are going to be balanced out, Moneylender will present you with an overview of the steps it’s about to take. You can also choose the final status setting on the loan. This status is helpful, even if not reporting to credit bureaus. By default, Moneylender will choose either Satisfied or Charged Off appropriately, and the setting only needs to be changed if special circumstances apply to the loan.

Click Finish to close the loan and do the final steps to close the loan.




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