Creditcrest LoanManager

A loan account replayed from its terms and what happened to it: every payment allocated, every day past due counted, and the Code’s limits on a small amount contract checked as it goes.

The contract

Printed on the page and carried in the link, so a reference and not a person’s name.

What Creditcrest Small Amount classified it as. It decides which provisions of the Code the ledger checks, so it is asked rather than guessed from the amount.

Dollars.

Dollars, charged when the credit is advanced and owed across the repayments.

Dollars a month. The schedule carries one for each month commencing before the last repayment, counted from the day of entry, as s 31A(1)(b) runs them.

Per cent a year; 30 means 30%. A medium amount contract only — interest accrues daily on the principal and is charged on each due date. On a small amount contract the Code forbids any, and none is charged.

Left empty, the later of the last event and the last due date — not today, so that the same link shows the same account next month.

What happened to it

Each line is an id, a day, a kind of event, then an amount, a part or “of” an earlier id as the kind needs, and anything after a bar is the reason. The kinds: payment — Money received from the borrower. Needs an amount. fee — A default or other account-level fee charged. Needs an amount and a part: dishonourFee, collectionFee or otherFee. waiver — Part of a balance given up by the lender. Needs an amount, a part and a reason. refund — Credit on the account paid back to the borrower. Needs an amount and a reason. reversal — An earlier event undone in full — a dishonoured payment, a fee charged in error. Needs `reverses`, the id of that event, and a reason. hardship-start — A hardship arrangement the lender agreed and recorded, starting this day. Needs a reason, the day it ends (`until`) and a fixed payment plan (`plan`). Days past due are frozen at the figure they stood at the day before it began. hardship-end — An arrangement ended before its end day — the plan broken, or the borrower back on their feet. Needs a reason. An arrangement that reaches its end day ends by itself, and days past due count on from the frozen figure the day after, if anything is still in arrears.

p1 2026-11-01 payment 240.01 r1 2026-12-03 reversal of p1 | Dishonoured by the paying bank f1 2026-12-03 fee 15 dishonourFee | Dishonour fee w1 2026-12-10 waiver 15 dishonourFee | Waived: hardship h1 2027-01-05 hardship-start until 2027-04-05 plan 60 fortnightly | Hardship notice given by phone h2 2027-02-20 hardship-end | Back at work; contractual repayments resume

A long history is too long for an address: the same fields may be posted to this address, or sent as JSON to /v1/loanmanager/account.

In arrears as at 10 Jan 2027

31–60 days past due 40 days past due.

$1,094.99 owed

$1,094.99 outstanding.

$480.02 in arrears, 40 days past due — counted from the day after 1 Dec 2026, the oldest repayment not fully paid.

And $15.00 of fees charged to the account — not to a repayment — is unpaid. It is owed now, and it is not counted in the days past due, which run on repayments.

PartOwed
Principal$833.33
Establishment fee$166.66
Monthly fee$80.00
Interest$0.00
Other fee$0.00
Dishonour fee$15.00
Collection fee$0.00
Outstanding$1,094.99

To pay it out on 10 Jan 2027

$1,094.99

WhatAmount
Principal outstanding$833.33
Establishment fee outstanding$166.66
Monthly fee outstanding$80.00
Dishonour fee outstanding$15.00

Not in this figure: Monthly fees not yet charged. Section 31C forbids requiring or accepting a monthly fee for a month commencing after payout; a fee for a month that has commenced and not been charged is left for the lender to claim on its own reading of s 31A(1)(b).

What the Code says about these figures

The repayments

Scheduled is the instalment the contract sets. Owed so far is what the row is owed today: principal and the establishment fee from the start, and the parts charged on a due date — the monthly fee, interest — only once charged, and at what was actually charged, so a row not yet due shows less than its instalment. On an interest-bearing contract the scheduled interest is an estimate; the daily accrual is what is charged.

#DueScheduledOwed so farPaid or satisfiedUnpaidStatus
11 Nov 2026$240.01$240.01$240.01$0.00Paid
21 Dec 2026$240.01$240.01$0.00$240.01Missed
31 Jan 2027$240.01$240.01$0.00$240.01Missed
41 Feb 2027$240.01$200.01$0.00$200.01Not yet due
51 Mar 2027$240.01$200.01$0.00$200.01Not yet due
61 Apr 2027$239.95$199.95$0.00$199.95Not yet due

The ledger

Every transaction in the order it was posted, with where each dollar went. Allocation order: oldest-due-fees-principal-v1.

SeqDayTransactionDebitCreditOutstandingAllocated to
11 Oct 2026Advance
The credit provided.		$1,000.00$1,000.00Principal charge $1,000.00
21 Oct 2026Establishment fee
Charged in full when the credit is advanced, and owed row by row as the schedule says.		$200.00$1,200.00#1 Establishment fee charge $33.34
#2 Establishment fee charge $33.34
#3 Establishment fee charge $33.34
#4 Establishment fee charge $33.34
#5 Establishment fee charge $33.34
#6 Establishment fee charge $33.30
31 Nov 2026Monthly fee
Monthly fee on repayment 1.		$40.00$1,240.00#1 Monthly fee charge $40.00
41 Nov 2026Payment (p1)$240.01$999.99#1 Monthly fee payment $40.00
#1 Establishment fee payment $33.34
#1 Principal payment $166.67
51 Dec 2026Monthly fee
Monthly fee on repayment 2.		$40.00$1,039.99#2 Monthly fee charge $40.00
61 Dec 2026Payment (p2)$240.01$799.98#2 Monthly fee payment $40.00
#2 Establishment fee payment $33.34
#2 Principal payment $166.67
73 Dec 2026Reversal (r1)
Dishonoured by the paying bank		$240.01$1,039.99#2 Monthly fee reversal $40.00
#2 Establishment fee reversal $33.34
#2 Principal reversal $166.67
83 Dec 2026Dishonour fee (f1)
Dishonour fee under the contract		$15.00$1,054.99f1 Dishonour fee charge $15.00
91 Jan 2027Monthly fee
Monthly fee on repayment 3.		$40.00$1,094.99#3 Monthly fee charge $40.00

The journal

The same transactions as balanced double entries, for the accountant — every entry balances
SeqAccountDebitCredit
1Loans receivable — principal$1,000.00
1Cash at bank (clearing)$1,000.00
2Fees receivable$33.34
2Fee income$33.34
2Fees receivable$33.34
2Fee income$33.34
2Fees receivable$33.34
2Fee income$33.34
2Fees receivable$33.34
2Fee income$33.34
2Fees receivable$33.34
2Fee income$33.34
2Fees receivable$33.30
2Fee income$33.30
3Fees receivable$40.00
3Fee income$40.00
4Cash at bank (clearing)$40.00
4Fees receivable$40.00
4Cash at bank (clearing)$33.34
4Fees receivable$33.34
4Cash at bank (clearing)$166.67
4Loans receivable — principal$166.67
5Fees receivable$40.00
5Fee income$40.00
6Cash at bank (clearing)$40.00
6Fees receivable$40.00
6Cash at bank (clearing)$33.34
6Fees receivable$33.34
6Cash at bank (clearing)$166.67
6Loans receivable — principal$166.67
7Fees receivable$40.00
7Cash at bank (clearing)$40.00
7Fees receivable$33.34
7Cash at bank (clearing)$33.34
7Loans receivable — principal$166.67
7Cash at bank (clearing)$166.67
8Fees receivable$15.00
8Fee income$15.00
9Fees receivable$40.00
9Fee income$40.00

Worked examples