ablender
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Post by ablender on Oct 17, 2016 11:22:15 GMT
I noticed that in the loans exchange tab there is an indication of how much we have invested in a particular loan. Good and we are offered the chance to invest in the loans. Thanks but no thanks.
What I have noticed is that in loans that I have completely sold and that I have received any other due money in their next payment, I am still being shown that I have some money invested in that particular loan. Values shown vary from c£1.50 to £20 - £30.
Can someone check if you see this same anomaly and let me know please?
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adrianc
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Post by adrianc on Oct 17, 2016 11:33:13 GMT
I noticed that in the loans exchange tab there is an indication of how much we have invested in a particular loan. Good and we are offered the chance to invest in the loans. Thanks but no thanks. What I have noticed is that in loans that I have completely sold and that I have received any other due money in their next payment, I am still being shown that I have some money invested in that particular loan. Values shown vary from c£1.50 to £20 - £30. Can someone check if you see this same anomaly and let me know please? I'm seeing it, too. It's related to the difference between "outstanding principal" and "loan exchange principal" - for example, for P*****p*d, I've got two sold parts - one shows 28p of "outstanding principal", the other 22p. Both show 0p "loan exchange principal". My presumption is that that amount will be repaid in the next monthly, but... <shrug>
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ablender
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Post by ablender on Oct 17, 2016 11:40:15 GMT
I noticed that in the loans exchange tab there is an indication of how much we have invested in a particular loan. Good and we are offered the chance to invest in the loans. Thanks but no thanks. What I have noticed is that in loans that I have completely sold and that I have received any other due money in their next payment, I am still being shown that I have some money invested in that particular loan. Values shown vary from c£1.50 to £20 - £30. Can someone check if you see this same anomaly and let me know please? I'm seeing it, too. It's related to the difference between "outstanding principal" and "loan exchange principal" - for example, for P*****p*d, I've got two sold parts - one shows 28p of "outstanding principal", the other 22p. Both show 0p "loan exchange principal". My presumption is that that amount will be repaid in the next monthly, but... <shrug> No it is not. I am talking about loans for which I have already received that difference in amounts. Yet this stills shows that I am still invested in the loan, some with amounts which are much larger than the difference that you refer to.
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TheDriver
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Post by TheDriver on Oct 17, 2016 11:49:23 GMT
Hi ab;
I think you're referring to another of the anomalies they haven't bothered to fix, where a previously sold loan-part still shows the capital repaid up to the time you sold it - weird I know!
I have one in particular which shows £104.70 held although I only have one £100 part left having sold a second early on for £95.30 while trying to work out how the sale process worked.
HtH
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ablender
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Post by ablender on Oct 17, 2016 11:59:25 GMT
I think it is the same thing.
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pom
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Post by pom on Oct 17, 2016 12:46:52 GMT
I noticed it earlier too... but to be honest am past caring  |
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ablender
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Post by ablender on Oct 17, 2016 14:20:26 GMT
I'm keeping my fingers crossed. Perhaps LC owes me some more money that I did not know about.   |
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TheDriver
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Post by TheDriver on Oct 18, 2016 9:14:16 GMT
You may notice that on the LE your Existing Investment is actually the amount you ORIGINALLY bought; thus when the OUTSTANDING PRINCIPLE is subtracted on a sale you appear to be left with an amount which equals the capital repaid while you held the loan part. I can confirm this is the case on several loans I have sold in part. Unfortunately the only one I have sold completely isn't listed on the LE, so I can't see what happens in that case unless someone lists V* I* and I see it before it's presumably snapped up!
As no-one had mentioned this before I assumed that when all parts of a loan were sold this calculation was suppressed, and a zero value put in by default - I'm sure one of the several contributors on here who have sold up can confirm their experience.
Also, the LE listings used to be fully random - now I notice the first one seems to get stuck there, and it's currently the same initials as one of the big backers - What a coincidence!
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TheDriver
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Post by TheDriver on Nov 1, 2016 11:43:36 GMT
I see another tranche minimum-holdings loan parts on the LE, so presumably another of last year's bonus-recruits isn't hanging around for one reason or another, and finally a part for V* I* has been listed, which means I can confirm the answer to ablender 's original enquiry:
that "Your Existing Investments" is in fact "Your Original Purchase - Proceeds of Sales" which means it includes Capital Repaid as part of the total - bonkers! I guess the original programmer just referenced the wrong value, so should be an easy fix.
but as the "Completed Loans" gadget doesn't display any actual details of the completed loan you can't see that without either laborious calculation from statements, or holding another part for the same loan, whereby it gets listed on an annex to the "live" parts. To prove this is remembered in the system I bought the part on sale, and miraculously the details of my previously sold part reappeared (but only when MANAGING a Current Investment - bizarre)
HtH
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