hazellend
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Post by hazellend on Nov 14, 2015 18:50:26 GMT
Is interest for all loans paid monthly on the same date or is it 1 month from your commencement of each loan?
I haven't received any interest yet and I'm not sure if I will get 1.2 months when I'm paid?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 14, 2015 18:58:49 GMT
Is interest for all loans paid monthly on the same date or is it 1 month from your commencement of each loan? I haven't received any interest yet and I'm not sure if I will get 1.2 months when I'm paid? Paid on the day of the month that corresponds with end date. eg loan ends 21/3, interest paid on 21st of each month Yes first payment will cover all accrued
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Post by uncletone on Nov 14, 2015 19:00:53 GMT
Interest is paid (for each loan) on the same day of the month as the end date of that loan. If you eventually invest in a sufficient number of loans, you can have a steady flow of interest payments coming in almost every day.
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stevio
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Post by stevio on Nov 14, 2015 20:52:20 GMT
Interest is paid (for each loan) on the same day of the month as the end date of that loan. If you eventually invest in a sufficient number of loans, you can have a steady flow of interest payments coming in almost every day. Which can get a bit annoying if you want to stay invested as you get no notification and constant drip feeding of funds
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Post by uncletone on Nov 14, 2015 21:32:43 GMT
Which is why they invented spreadsheets.
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gt94sss2
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Post by gt94sss2 on Nov 15, 2015 0:51:39 GMT
Interest is paid (for each loan) on the same day of the month as the end date of that loan. If you eventually invest in a sufficient number of loans, you can have a steady flow of interest payments coming in almost every day. Which can get a bit annoying if you want to stay invested as you get no notification and constant drip feeding of funds I did suggest to MT last week that they consider paying all interest on the same day each month but MoneyThing said it was easier for them to pay it on the anniversary date for each loan which is fair enough. MoneyThing I would support the idea of an (optional?) email notification each time interest is credited to an investors account - several other P2P platforms do this.
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Post by MoneyThing on Nov 15, 2015 8:31:43 GMT
Which can get a bit annoying if you want to stay invested as you get no notification and constant drip feeding of funds I did suggest to MT last week that they consider paying all interest on the same day each month but MoneyThing said it was easier for them to pay it on the anniversary date for each loan which is fair enough. MoneyThing I would support the idea of an (optional?) email notification each time interest is credited to an investors account - several other P2P platforms do this. Morning, An email notification each time interest is credited is certainly possible. However, we are at the stage that we are crediting interest nearly every day and for many investors this would mean daily additional emails and I would be concerned with a) investors then start to screen/filter/junk emails from us and therefore important emails/notifications might get lost & b) there is an increased chance that with so many emails going out that we could find ourselves periodically on spam blacklists which can take some time to get back on the whitelists. We could however add a setting option on investors accounts where they could select which type of email notifications they wish to receive. Happy to explore/discuss. Kind regards, Ed
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SteveT
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Post by SteveT on Nov 15, 2015 8:38:57 GMT
I did suggest to MT last week that they consider paying all interest on the same day each month but MoneyThing said it was easier for them to pay it on the anniversary date for each loan which is fair enough. MoneyThing I would support the idea of an (optional?) email notification each time interest is credited to an investors account - several other P2P platforms do this. Morning, An email notification each time interest is credited is certainly possible. However, we are at the stage that we are crediting interest nearly every day and for many investors this would mean daily additional emails and I would be concerned with a) investors then start to screen/filter/junk emails from us and therefore important emails/notifications might get lost & b) there is an increased chance that with so many emails going out that we could find ourselves periodically on spam blacklists which can take some time to get back on the whitelists. We could however add a setting option on investors accounts where they could select which type of email notifications they wish to receive. Happy to explore/discuss. Kind regards, Ed I would definitely want to set any "interest payment notification" emails to OFF !
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paulgul
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Post by paulgul on Nov 15, 2015 9:02:04 GMT
If you do introduce it **please** make it optional - I certainly don't want to receive an email every time you make an interest payment.
I find it easy enough to log in every few days to see what is in my account and invest/withdraw as necessary.
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Post by uncletone on Nov 15, 2015 9:29:04 GMT
No to emails. I can't be the only one here with over 70 active loans and too many emails already. Moneything is not a dump and forget environment - one needs to maintain one's own tracking system to keep control.
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Post by bracknellboy on Nov 15, 2015 10:11:48 GMT
I did suggest to MT last week that they consider paying all interest on the same day each month but MoneyThing said it was easier for them to pay it on the anniversary date for each loan which is fair enough. MoneyThing I would support the idea of an (optional?) email notification each time interest is credited to an investors account - several other P2P platforms do this. Morning, An email notification each time interest is credited is certainly possible. However, we are at the stage that we are crediting interest nearly every day and for many investors this would mean daily additional emails and I would be concerned with a) investors then start to screen/filter/junk emails from us and therefore important emails/notifications might get lost & b) there is an increased chance that with so many emails going out that we could find ourselves periodically on spam blacklists which can take some time to get back on the whitelists. We could however add a setting option on investors accounts where they could select which type of email notifications they wish to receive. Happy to explore/discuss. Kind regards, Ed please please please do not send out emails everytime interest is paid in. Useful to have one when capital is returned, but over time even that might become a PITA, but definintely not interest payments.
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stevio
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Post by stevio on Nov 15, 2015 10:30:53 GMT
Morning, An email notification each time interest is credited is certainly possible. However, we are at the stage that we are crediting interest nearly every day and for many investors this would mean daily additional emails and I would be concerned with a) investors then start to screen/filter/junk emails from us and therefore important emails/notifications might get lost & b) there is an increased chance that with so many emails going out that we could find ourselves periodically on spam blacklists which can take some time to get back on the whitelists. We could however add a setting option on investors accounts where they could select which type of email notifications they wish to receive. Happy to explore/discuss. Kind regards, Ed I would definitely want to set any "interest payment notification" emails to OFF ! I think we are trying to fix a small problem by creating a bigger problem The real (small) problem is that interest is drip fed into our accounts. SS for instance pay interest for all loans on the same day. If MT could do this, this would be the best fix to the (small) problem. An email notification, would simply be a constant notification of the real problem! PS I don't consider this a significant problem, as loans appear on MT, I log in and use up the shrapnel that has built up (I can make more spending my time elsewhere than to track this in a spreadsheet)
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gt94sss2
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Post by gt94sss2 on Nov 15, 2015 11:47:11 GMT
I am so glad I used the word optional in my original message!
Barring a decision by MT to pay interest once a month for all loans, I would still like the option of an e-mail each time I get an interest payment - it works well for me with other platforms.
I don't maintain spreadsheets as it appears a number of you do - though I will also have 70+ active loans as someone else mentions..
Having the platform support allowing investors the option of choosing what types of emails/alerts each receives sounds like a good idea to me.
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Post by pepperpot on Nov 15, 2015 12:30:34 GMT
Yes, I'd switch interest payment notifications off, but have capital repayment notifications on (initially). I don't want to be told every time 25p gets deposited in my account, so how about a daily/weekly (frequency to be user defined) investor summary sent out after the payments have been run, to inform what happened.
Or maybe, a notification when my available balance reaches £xxx, a user defined level that would make it worthwhile deciding what to do with it.
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hazellend
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Post by hazellend on Nov 16, 2015 19:41:45 GMT
How about all interest is paid the same day of the month but the first interest payment doesn't happen until a full month invested.
So if you invested on day 15 of the month you would get your first payment at 45 days?
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