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AlphaPawn User Guide

INTEREST RATE                Enter the annual interest rate as a whole number.

 

MAXIMUM AMOUNT        Enter the maximum loan amount for this interest rate.

 

MINIMUM CODEEither a '1' or a '2'; this defines how a refund is to be computed. A '1' says that the refund amount has a minimum dollar amount. A '2' says that the minimum is computed by using the annual percentage rate.

 

MINIMUM AMOUNTIf the MINIMUM CODE is a '1' then enter the dollar amount of the minimum in this field.

 

NOTE THERE ARE TEN LINES IN THE INTEREST TABLE, IF ALL THE LINES ARE NOT NEEDED BE SURE TO ALWAYS HAVE ZEROS IN ALL THE UNUSED FIELDS.

 

 

21. CURRENT RATES AS OFEnter the date that the current rates are valid. Any loans made on that day or past that date will use the Current Rates.

 

22. MINIMUM LOANEnter the minimum loan amount for this particular store.

 

MAXIMUM LOANEnter the maximum loan amount that the store allows.

 

LOAN CENTSEnter either a 'Y' or 'N' for yes or no this store allows loans with cents.

 

MODIFY RATEThis option will let the operator enter a different rate than the standard rate for a loan as it is being entered by the operator.

 

Alabama, settingsThere are two fields displayed in the Alabama version.

 

Grace Days – enter either Yes or No for allowing grace days for loans that are by month.

 

Loan extensions – are by either D = Days or M = Months