Last Edit: Feb 27, 2018 11:51:41 GMT by mrclondon: Edit thread title
The golden days of P2P lending are well behind us, in my opinion. I am now retired from active P2P investing and the undertaking of due diligence. Just awaiting resolution of 2 DEF loans in LY; 2 DEF loans in MT and my entire COL investment.
On this loan, the first 3 months interest only is held on account (and presumably paid out monthly in the normal way). Thereafter, interest accrues. So what happens if I sell a loan part on the SM at, say, the 6-month point, when I will have accrued 3 months worth of interest. Do I retain that accrued interest, to be paid at term? Or something else?
Have MoneyThing ever before had a loan with this arrangement? Has the software been tested in this scenario?