sd2
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Post by sd2 on Dec 19, 2019 16:43:06 GMT
Remind me, am I right in thinking that auction loans (sale advance loans) that the borrowers has to pay 3 months interest?
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The sale takes place on the 21st January 2020, although the loan end date is 19th June. I assume the latter is just standard statement. So that is just one month away. I assume the money is paid directly to unbolted. So who gets the extra 2 months interest??
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Post by sd2 on Dec 20, 2019 17:05:12 GMT
I don't think this was in the original description. Could be wrong. "Lenders will receive two months interest at the minimum in the event of earlier repayment than two months"
Nice but I think they (unbolted) are going to charge them 3 months interest.
So who gets our 1 months interest? Remembering that unbolted have their share of the interest.
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