Here's an interesting renewal idea that rewards customers who pay early and is a token of good faith (and good free advertising for your company): if you company is accruing 30 days of interest at a time (the "loan length" method) and don't want to make an interest adjustments for early payments, but would like to make sure that clients who pay early don't pay double interest on the days prepaid, here's an idea from one of our clients. When you take the payment that satisfies the current interest ahead of time, don't renew the loan, but submit the payment using the transaction Submit button. Wait until the payment due date to renew the loan, then renew the loan with a zero client payment. Be sure the loan date is correct, or you'll either cost the client money, or you'll cost yourself money. As long as the current interest has been paid and the minimum payment has gone to zero, you can renew a loan with a zero payment. Be sure to have the client sign the loan the next time he or she comes in. You can even make a courtesy call to let the client know what you're doing, and when you explain how this will save them from paying extra interest, they'll be appreciative. This can also set you apart from local competitors who don't "go the extra mile" to reward customers who pay early.