Post by aju on Aug 28, 2019 8:50:21 GMT
So i'm not sure that I am getting confused but I wanted to run this past some of the more experienced RS lenders.
Today my external reminder told me that there should be money arriving into my holding account from repayments that will appear today or more likely yesterday. So I logged in to both check rates and lending etc and noticed that holding money had not as yet been sent to the relevant relend patterns. This is not unusual I have noticed this pattern over the last few months that it takes a few hours or so after the money has been recovered from repayments and interest to be relent, usually these are too small and take time to build back up. This gives me a bit of time to check relending rates against current rates etc and occasionally I have pushed the money into a relend rate I wanted.
All ok so far but recently I've taken to checking the next date I need to check the rates and sometimes its quite a few days away and sometimes it's tomorrow and even sometimes its saying it is today but the money has not yet reached holding - I guess the processes run at different times and I've logged in between sweeps. I would normally check money from invest and move it to ISA - who wants to pay tax I know I don't - but I noticed today that in moving money from one location to another that I was not actually identifying if that money was in fact rolling money waiting to be relent.
So here's my question, is it possible that rolling money hits the holding account and before the sweep back into out to rolling I can inadvertently move it to 5Y by mistake. I know its a bit of a faff but I am moving money and changing settings quite regularly to gain better rates and it does seem to be working but the last thing I want to do is move good rated relend money in holding to worse rates just because I messed up the cycle.
Sorry its a bit long winded but hopefully enough to show my concern. I have not as far as I know done this as yet and I could prevent it by coming in a day later and changing my rates but I like to pinpoint the rate and get the money into the relevant queue as early as possible to get the better rate quicker.
PS I've noticed that higher rates are being hit quicker this week so I've moved my new rates up slightly.
Today my external reminder told me that there should be money arriving into my holding account from repayments that will appear today or more likely yesterday. So I logged in to both check rates and lending etc and noticed that holding money had not as yet been sent to the relevant relend patterns. This is not unusual I have noticed this pattern over the last few months that it takes a few hours or so after the money has been recovered from repayments and interest to be relent, usually these are too small and take time to build back up. This gives me a bit of time to check relending rates against current rates etc and occasionally I have pushed the money into a relend rate I wanted.
All ok so far but recently I've taken to checking the next date I need to check the rates and sometimes its quite a few days away and sometimes it's tomorrow and even sometimes its saying it is today but the money has not yet reached holding - I guess the processes run at different times and I've logged in between sweeps. I would normally check money from invest and move it to ISA - who wants to pay tax I know I don't - but I noticed today that in moving money from one location to another that I was not actually identifying if that money was in fact rolling money waiting to be relent.
So here's my question, is it possible that rolling money hits the holding account and before the sweep back into out to rolling I can inadvertently move it to 5Y by mistake. I know its a bit of a faff but I am moving money and changing settings quite regularly to gain better rates and it does seem to be working but the last thing I want to do is move good rated relend money in holding to worse rates just because I messed up the cycle.
Sorry its a bit long winded but hopefully enough to show my concern. I have not as far as I know done this as yet and I could prevent it by coming in a day later and changing my rates but I like to pinpoint the rate and get the money into the relevant queue as early as possible to get the better rate quicker.
PS I've noticed that higher rates are being hit quicker this week so I've moved my new rates up slightly.