Contract Collector v5: Loan Servicing Software
Auto Loan Servicing Software:
Contract Collector supports a number of features designed specifically for auto dealerships, vehicle leasing and auto lending. The software can handle loans for all types of vehicles, including: automobiles, RVs, motorcycles, boats, commercial vehicles, construction equipment, and even airplanes.
Term Length: Supports 48, 60, 72 months or any designated number of payments.- Payment Frequency: Weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semiannual & annual payments.
- Interest Method: Calculate interest based on a wide variety of parameters: fixed interest, variable days interest, rule of 78s, variable interest rate, 360 or 365 day year, simple or compound interest.
- Payment Application: Full control over how payments are applied. Apply extra payment amounts to future payments or to reducing principal. Accepts principal only payments as well. Disburse payment amount between various charges including: late fees, escrow charges, and principal/ interest.