Monthly Archives: September 2016

What is Progressus?

Progressus (Latin) – moving forward; advanced. An object at rest stays at rest. An object in motion stays in motion. Basic science. Q: How is an object at rest put into motion? A: Force. Q: What happens when multiple objects or forces traveling in the same direction come together? A: A greater force is born. […]

Loan Management System Credit Types

How do the Credit Types in LMS work? Actual Payment – A standard type loan where interest decreases over the term and principal increases correspondingly keeping all payments the same except for the last one. The amount of interest is calculated based on the actual payment date. Add On – With Payoff – The loan […]