webwiz
Posts: 1,133
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Post by webwiz on Mar 17, 2015 8:42:35 GMT
Just in case anyone is as confused as I was; the monthly interest payment is on the anniversary of the original loan, not your date of investment. This date is redacted out so you can't see it, but I believe it is always the same as the date (in the month) of the end date - in other words loans are always for a whole number of months. So your first interest payment could be anything from 1 to 30 days after you invest.
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Post by MoneyThing on Mar 17, 2015 9:27:25 GMT
Thank you webwiz for explaining the timings - you are correct. Regards, Ed.
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rogerbu
Member of DD Central
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Post by rogerbu on Mar 18, 2015 9:41:19 GMT
This confusion and the difficulty of calculating the first partial month is why I asked that MT provide each account with a (CSV or Excel and an on screen) Schedule of all payments due and paid for that portfolio.
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bugs4me
Member of DD Central
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Post by bugs4me on Mar 18, 2015 10:54:01 GMT
This confusion and the difficulty of calculating the first partial month is why I asked that MT provide each account with a (CSV or Excel and an on screen) Schedule of all payments due and paid for that portfolio. All I do is simply highlight and copy the 'my loans' page then paste them into an XLS spreadsheet. Not ideal as you also need to pick up on the repaid loan section as well. Early days though for MT and no doubt they will get round to the CSV/XLS soon.
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