baz657
Member of DD Central
Posts: 499
Likes: 187
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Post by baz657 on Nov 17, 2016 18:43:30 GMT
Just got paid out. Reinvested straight away before the rush.
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SteveT
Member of DD Central
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Post by SteveT on Nov 17, 2016 18:56:32 GMT
Well done ablrate. A tricky situation, handled professionally throughout.
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gt94sss2
Member of DD Central
Posts: 281
Likes: 137
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Post by gt94sss2 on Nov 17, 2016 20:04:30 GMT
Just out of interest, is anyone able to confirm the date the 'penalty' rate of interest started being applied to this loan?
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Nov 17, 2016 20:34:21 GMT
Just out of interest, is anyone able to confirm the date the 'penalty' rate of interest started being applied to this loan? It must have been quite early, judging by the amount which is very pleasing. Now I'm sorry it repaid "so quickly"
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hazellend
Member of DD Central
Posts: 2,361
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Post by hazellend on Nov 17, 2016 20:55:28 GMT
Depressing day. My best loan repays and I find out the plane is being harvested for parts!
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guff
Posts: 730
Likes: 707
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Post by guff on Nov 17, 2016 21:07:06 GMT
Just out of interest, is anyone able to confirm the date the 'penalty' rate of interest started being applied to this loan? They said from the end of May... and my payments tally. 5½ months at 17% - good old vets.
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stevio
Member of DD Central
Posts: 2,065
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Post by stevio on Nov 17, 2016 22:23:20 GMT
Just out of interest, is anyone able to confirm the date the 'penalty' rate of interest started being applied to this loan? They said from the end of May... and my payments tally. 5½ months at 17% - good old vets. Last interest payment end of Sept, what was the calculation you used to work out how the final interest payment breaks down?
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Post by bracknellboy on Nov 17, 2016 22:44:55 GMT
Depressing day. My best loan repays and I find out the plane is being harvested for parts! At least you weren't expecting to fly on it ....
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guff
Posts: 730
Likes: 707
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Post by guff on Nov 18, 2016 9:16:41 GMT
They said from the end of May... and my payments tally. 5½ months at 17% - good old vets. Last interest payment end of Sept, what was the calculation you used to work out how the final interest payment breaks down? To a first order: 1 + 17/30 + 4/13×(5+17/30) ~ 3.28 × normal monthly payments. I received 3.355 so presumably ablrate has compounded interest for the late October payment and 4% payments.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Nov 19, 2016 12:19:09 GMT
Well done ablrate . A tricky situation, handled professionally throughout. I am very relieved to be out of this one without a loss. However I am reserving similar plaudits until there is a resolution of the containers.
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pauls
Posts: 68
Likes: 36
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Post by pauls on Nov 19, 2016 12:37:26 GMT
Well done ablrate . A tricky situation, handled professionally throughout. I'd like to 2nd you on that one SteveT as it can be all to easy to overlook the incredible hard work enacted by those beavering away behind the scenes for each one of us in ablrateandy 's Office. If I may I'd just like to add a simple "thank you" toward our CEO David and his small team for providing a top notch service and one which has led to delivering a top notch result. Agreed!!! Well done ablrateandy and David and all the team. Hope all goas as well for the Containers. Looking forward to more opportunities coming our way. Keep up the good work.
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