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Post by gidoppp01 on Jun 6, 2017 11:40:54 GMT
I have big reservation about the projected return. It means nothing to me, since I was expecting a different amount (higher) month after month, even without default. I guess it is another TECHNICAL issue. No repayments from a number of loans (10+), not registered as missed payment, arrears nor defaults and they are at least 2 months late. The results, much lower return than projected. Up to two months to the first payment is quite possible 1 month plus choice of day of the month for the borrower possibly + draw down from your investment. If they are not first payments or much over 2 months I would ask Zopa. Interest for the additional time will come with the first payment. I rang Zopa this morning, it seems I am the first one who flag up this issue. I have been told this has now been passed to the technical team. I would suggest anyone with Zopa Plus download the CSV and check the actual return of each individual loans. I am no where near the projected return nor expected return. 
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Greenwood2
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Post by Greenwood2 on Jun 6, 2017 14:37:03 GMT
Are you saying that the calculation of interest wrong or is it just that some loans haven't paid (yet).
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Post by gidoppp01 on Jun 6, 2017 14:49:57 GMT
Are you saying that the calculation of interest wrong or is it just that some loans haven't paid (yet). Some Repayments have not been paid to my zopa plus account which have passed the repayment date without explanation. I checked the Loan acquired date, repaid % and repayment date. These loans have repaid % of 0 and have been acquired more than 2 months.
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aju
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Post by aju on Jun 6, 2017 19:33:12 GMT
Hmmm!, I had something similar on a defaulted loan where zopa said that there may be some months when not enough was being paid to give everyone a share but it would even out over the payments.
I'm sure its not this one though as I would have thought that the loans would be big enough for everyone to get a share each month. Its an interesting one though.
Have you checked all the statements to see what months were missed?
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nrw
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Post by nrw on Jun 7, 2017 7:49:59 GMT
I'm on 11.3% / 6.7% as of today. I was 11.3% / 7.3% last week, so the projected return has dropped 0.6% in the last week - presumably down to tweaks to the algorithm.
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aju
Member of DD Central
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Post by aju on Jun 7, 2017 8:47:51 GMT
Sadly I think you may be right, zopa seems to have adopted the tweeky approach over the lets get it right first time since they changed their tools a while back.
Not sure if its when the head man was brought in - probably.
Thing is though we are down in the detail with a lot of this stuff and to be honest they are projections that will change anyway.
I tried correlating my changes down to new any defaults or arrears coming in but nothing in fact had changed in the past few days. Also I wonder if its a daily thing anyway as payments are spread over the month and in differing amounts etc. Additionally when any loan closes early it must have an effect on this stuff especially if its a high percentage one as it may take a few days/loans for the engine to readjust to cover the spread.
Just my slant/2p though ...
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Post by blanik on Jun 7, 2017 9:04:40 GMT
I'm on 11.3% / 6.7% as of today. P.S. I was 11.3% / 7.3% last week, so the projected return has dropped 0.6% in the last week - presumably down to tweaks to the algorithm. Last week they appear to have switched to the 'personal' projection calculation - which showed a higher figure for me ( and presumably nrw ) but have since reverted to the original 'general' calculation. On MrsB's account, when one of her high % loans defaulted the gross figure on the projection dropped ( didn't notice what happened to the net ) so the projected figure does appear to change as the active loanbook changes.
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