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Post by steveng on Jan 24, 2024 10:20:16 GMT
I was wondering if it was just me but I seem to have had hardly any interest payments for the last couple of weeks. I have noticed that I was getting more interest paid out on the 1st (or closest working day) over the last couple of months but assumed this was on new loans.
I really don't mind this happening but I just wish they'd tell me it was going to happen. Did I miss the memo?
Interest throughout the month meant that I'd look daily to see if there was a new opportunity. I guess now I'll log on once a month.
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jonno
Member of DD Central
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Post by jonno on Jan 24, 2024 10:24:47 GMT
I was wondering if it was just me but I seem to have had hardly any interest payments for the last couple of weeks. I have noticed that I was getting more interest paid out on the 1st (or closest working day) over the last couple of months but assumed this was on new loans. I really don't mind this happening but I just wish they'd tell me it was going to happen. Did I miss the memo? Interest throughout the month meant that I'd look daily to see if there was a new opportunity. I guess now I'll log on once a month. I'm moving out of Kuf, but my understanding is that interest on "live" loans was always paid on the 1st of the month. Any interest paid during the month refers to repaid loans so is paid along with capital. I do stand to be corrected on this however.
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Post by steveng on Jan 24, 2024 10:38:52 GMT
I think you're right Jonno. I've downloaded the csv of the last year and found that interest mid-month is only on Capital repaid days and Reserve Cashback.
I must not have any loans completing recently.
Everyday is a school day!
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