|
Post by jabardolas on Feb 13, 2016 17:17:19 GMT
I found the culprit. The loan 03-73886 shows in my investments page that has paid already about 48% of the principal, but in the account statement the only transaction that appears is the purchase of said loan. Thanks for the tips, I'll email them with my findings.
|
|
|
Post by maus on Feb 14, 2016 4:00:38 GMT
Yesterday my Interest income was € 1044 but today it is € 966.75. During the night I've lost € 77 or 7,4% of my earnings.
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
|
Post by JamesFrance on Feb 14, 2016 7:56:28 GMT
maus mine has gone up by 16€ overnight which shows in the statement as scheduled income. What does your statement say?
|
|
|
Post by maus on Feb 14, 2016 8:59:24 GMT
maus mine has gone up by 16€ overnight which shows in the statement as scheduled income. What does your statement say? IMHO there is nothing unusual. Only a few scheduled interest payments: Booking date Processing Date Type Description Loan No. Amount, € 14.02.2016 14.02.2016 Schedule Interest income 03-76492 0.38 14.02.2016 14.02.2016 Schedule Interest income 03-76419 0.03 14.02.2016 14.02.2016 Schedule Interest income 03-76399 0.49 ... etc. At the same time XIRR is'nt dropped and is showing 17,56%, which is a little comforting.
|
|
Rob
Posts: 138
Likes: 36
|
Post by Rob on Feb 14, 2016 10:41:13 GMT
maus mine has gone up by 16€ overnight which shows in the statement as scheduled income. What does your statement say? IMHO there is nothing unusual. Only a few scheduled interest payments: Booking date Processing Date Type Description Loan No. Amount, € 14.02.2016 14.02.2016 Schedule Interest income 03-76492 0.38 14.02.2016 14.02.2016 Schedule Interest income 03-76419 0.03 14.02.2016 14.02.2016 Schedule Interest income 03-76399 0.49 ... etc. At the same time XIRR is'nt dropped and is showing 17,56%, which is a little comforting. maus I don't see how your Interest Income can have gone down if you haven't any negative interest payments recently. You could download your statement into Excel from when you started, filter to only have Income entries and then sum them. See if this agrees with your summary.
|
|
|
Post by maus on Feb 14, 2016 11:32:39 GMT
I am amazed too. In Excel the summary of interest is € 1053.49, but on the website € 966.75 (this is'nt a browser cache problem).
|
|
Rob
Posts: 138
Likes: 36
|
Post by Rob on Feb 14, 2016 11:52:53 GMT
I am amazed too. In Excel the summary of interest is € 1053.49, but on the website € 966.75 (this is'nt a browser cache problem). View AttachmentI just did the same with my account. The Excel number agrees with the website summary number exactly. You need to contact Twino support!
|
|
|
Post by jabardolas on Feb 14, 2016 12:26:45 GMT
I have the same issue and I found that one loan that showed has partially paid in the investment list, didn't have any principal payments in the account statement. Compare your investment list with you account statement and you will likely find the reason for the difference.
|
|
|
Post by maus on Feb 15, 2016 3:56:59 GMT
Surprise, surprise, night passed and everything is back to normal with my account.
|
|
Rob
Posts: 138
Likes: 36
|
Post by Rob on Feb 15, 2016 8:43:51 GMT
Surprise, surprise, night passed and everything is back to normal with my account. Maybe the fairies read this forum!!
|
|
Rob
Posts: 138
Likes: 36
|
Post by Rob on Feb 16, 2016 18:52:25 GMT
JamesFrance All interest payments are now being made to the lender on the scheduled date (hence the name), whether the borrower has paid on time or not. I downloaded my statement for the last few months into Excel then sorted by loan number then processing date, so that each loan had its payments in sequence. If you then search for "schedule" so that you find each loan that has had an interest payment made using this new method (since 05/02/2016), you can see straight away that these interest payments are much lower than the previous ones in the sequence (not for 1 month loans, of course). I have e-mailed a couple of examples to jevgenijs and await their analysis. E-mail received from Jevgenijs: "We have found the reason for the smaller / higher than expected interest payments. It’s not a technical bug, but rather a flaw in the interest calculation logic. The issue affects only payments in February, and will not affect future payments.
The unpaid interest will be debited to all investor accounts over the course of the next week, and my sincerest apologies for this inconvenience."I will be following my statement closely to ensure that this happens. (By the way, I don't quite see that a "flaw in the interest calculation logic" is "not a technical bug"!) Twino paid us back the missing interest today, so you should have seen your Interest Income figure (and XIRR) jump. The extra payments appear as Repayment - Interest Income in your statement. I have done a spot check on a few of the affected loans in my portfolio, and everything seems to be in order now. Thanks go to Jevgenijs for sorting it out.
|
|