SteveT
Member of DD Central
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Post by SteveT on Jul 8, 2018 13:21:13 GMT
Yes
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nw99
Posts: 340
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Post by nw99 on Jul 8, 2018 13:36:34 GMT
Hi all Ive got 2 loans Im trying to sell. When I enter in how much I want to sell and click 'Calculate', a popup box says: You sell £92.83 of remaining capital At a price of 101.40p for every 100p remaining Proceeds £94.13 Accrued interest £0.84 Total sale proceeds £94.97 And then some checkboxes with the last one being "I understand that I am selling to the buyer (with accrued interest) an individual loan to the borrower and upon sale I will not receive any of the remaining capital and interest due." If I click the 'Execute' button, will I get £94.97? I presume so, but the text above has me doubting. ("... I will not receive any of the remaining capital and interest due ...") Once sold all accrued and capital going forward will be the buyers
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Post by flobberchops on Jul 12, 2018 16:07:27 GMT
Going to piggyback on this question: when you pay accrued interest on a SM loan, is this the pro-rata'd proportion of the next scheduled interest payment? So, say you bought a loan 30 days into the payment period, you would pay them 30 days interest at the point of sale but then receive 31 days interest the next day?
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SteveT
Member of DD Central
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Likes: 7,918
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Post by SteveT on Jul 12, 2018 18:03:54 GMT
Going to piggyback on this question: when you pay accrued interest on a SM loan, is this the pro-rata'd proportion of the next scheduled interest payment? So, say you bought a loan 30 days into the payment period, you would pay them 30 days interest at the point of sale but then receive 31 days interest the next day? Yes
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blender
Member of DD Central
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Post by blender on Jul 12, 2018 21:36:45 GMT
Yes, but you may find that the complete month's interest appears on your tax statement. Not a problem for an IFISA account.
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Post by flobberchops on Jul 14, 2018 17:35:49 GMT
Yes, but you may find that the complete month's interest appears on your tax statement. Not a problem for an IFISA account. Good point, but I'm not enough of a high value investor for that to cause me any worries. I do also have an IFISA with Ablrate. Now if only there were some loans to buy 
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Post by marcusponds on Aug 11, 2018 9:38:15 GMT
i'm new to Ablrate,. I have a notice on my dashboard saying i'm due interest today (I think so too), but i have not received any (10:40am). Is it because
1. It's Saturday
2. I'm being impatient?
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n
Member of DD Central
Yet another Nick
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Post by n on Aug 11, 2018 9:47:47 GMT
i'm new to Ablrate,. I have a notice on my dashboard saying i'm due interest today (I think so too), but i have not received any (10:40am). Is it because 1. It's Saturday 2. I'm being impatient? It could be any time up until midnight. Usually it is fairly late in the day and occasionally they forget and we have to remind them next day.
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SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
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Post by SteveT on Aug 11, 2018 9:51:25 GMT
i'm new to Ablrate,. I have a notice on my dashboard saying i'm due interest today (I think so too), but i have not received any (10:40am). Is it because 1. It's Saturday 2. I'm being impatient? Yes and yes. Likely will appear on Monday but occasionally processed over the weekend. Payments often are made late evening.
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Post by Proptechfish on Aug 11, 2018 13:51:18 GMT
i'm new to Ablrate,. I have a notice on my dashboard saying i'm due interest today (I think so too), but i have not received any (10:40am). Is it because 1. It's Saturday 2. I'm being impatient? Yes and yes. Likely will appear on Monday but occasionally processed over the weekend. Payments often are made late evening. Agreed, I have received payments as late as 9pm before
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eeyore
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Post by eeyore on Aug 11, 2018 14:23:13 GMT
It would be easier to say it's unlikely ever to appear *before* 17:00. A quick check of my log for July shows most seem to be credited between 17:00 & 18:00; the latest was at 23:36 and there was one at 23:09 on a Sunday!
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Post by marcusponds on Aug 12, 2018 10:47:07 GMT
24 hours later and still waiting. I’m going to assume nothing will happen until Monday.
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