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Post by dodgeydave on Feb 23, 2016 12:04:40 GMT
Is remaining time the time left to fund a loan, or the time left until the loan is due?
As a corollary... I see some loans with a negative "Remaining time", -N days, does that mean the loan is N days into the loan duration or N days overdue?
Thanks
the - N days means it is overdue by the amount of days numbered. Sometimes SS just renew the loan. At the moment i wouldnt worry to much
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Post by sunspot on Feb 23, 2016 12:32:32 GMT
It's fairly normal for loans to be paid off both early and late - it's the nature of the business.
On overdue loans, I suspect that SS/Lendy cut the borrowers a deal, reducing the monthly rate slightly (though not below our 1% PM) but any such arrangements will be negotiated on a case by case basis, and will also be STRICTLY confidential.
Updates are also released, mentioning whether a lone is to be renewed, interest is being paid monthly, a buyer has been found, etc. but don't expect to see details.
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ilmoro
Member of DD Central
'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 Feb 23, 2016 12:44:12 GMT
shirehorse click the SS link in my signature at the bottom of this post for useful info on loans
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