littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Dec 28, 2016 9:15:22 GMT
Apologies if this has been answered elsewhere, but if so I can't find it.
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archie
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Post by archie on Dec 28, 2016 9:35:41 GMT
Apologies if this has been answered elsewhere, but if so I can't find it. I believe it's how much you would earn if you kept all your current loans to term.
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ali
Member of DD Central
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Post by ali on Dec 28, 2016 9:49:03 GMT
Apologies if this has been answered elsewhere, but if so I can't find it. I believe it is calculated on loan purchase as rate*loan-part*days-to-term/365 and then the actual interest paid each month is deducted. There is also an adjustment on (partial) sale of a loan part.
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fp
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Post by fp on Dec 28, 2016 11:16:36 GMT
Apologies if this has been answered elsewhere, but if so I can't find it. It depends where you look, if it is on the statement page under the "funds" heading, I believe it is 12 months expected interest on the loans you currently hold (just a guess) And of it is beside the individual loan part on the "my loans" page, it is the amount of interest that loan part will earn you from the time you bought it, to the end of the loan term.
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archie
Posts: 1,836
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Post by archie on Dec 28, 2016 13:12:33 GMT
Apologies if this has been answered elsewhere, but if so I can't find it. It depends where you look, if it is on the statement page under the "funds" heading, I believe it is 12 months expected interest on the loans you currently hold (just a guess) And of it is beside the individual loan part on the "my loans" page, it is the amount of interest that loan part will earn you from the time you bought it, to the end of the loan term. The total on the statement page just totals all the individual loans expected interest. It's remaining interest on all your loans if held to term.
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fp
Posts: 1,008
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Post by fp on Dec 28, 2016 13:36:00 GMT
It depends where you look, if it is on the statement page under the "funds" heading, I believe it is 12 months expected interest on the loans you currently hold (just a guess) And of it is beside the individual loan part on the "my loans" page, it is the amount of interest that loan part will earn you from the time you bought it, to the end of the loan term. The total on the statement page just totals all the individual loans expected interest. It's remaining interest on all your loans if held to term.Having just had a quick tally up, I agree.
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