stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jul 29, 2017 1:15:16 GMT
Is this still going to repay on Monday SophieThing?
SophieThing is off this afternoon looking after Thing 1 & Thing 2....but yes, things are still on track to repay Monday. Bring littlethings in to shadow mumthing and dadthing. Turn over social media to them like we recently saw on London Underground I think.
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Post by SophieThing on Jul 29, 2017 10:07:42 GMT
Hi All,
AE signed terms with their new funders just after 5pm on Friday. We have seen evidence from the solicitors confirming that all necessary documents have been signed and the deal is complete. The new funders are due to send funds to AE on Monday, however they have pre-warned AE that there may be a slight delay in the actual transfer of funds. This may mean a slight delay in the repayment of MoneyThing lenders. We are expecting full repayment either Monday 31st July or Tuesday 1st August.
Kind regards
Sophie
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registerme
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Post by registerme on Jul 29, 2017 10:08:52 GMT
Is this still going to repay on Monday SophieThing?
SophieThing is off this afternoon looking after Thing 1 & Thing 2....but yes, things are still on track to repay Monday. Can we not refer to them as Thinglets?
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oldgrumpy
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Post by oldgrumpy on Jul 29, 2017 10:10:06 GMT
MiniThings.
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elliotn
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Post by elliotn on Jul 29, 2017 13:42:53 GMT
TwinThings.
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robski
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Post by robski on Jul 31, 2017 8:31:37 GMT
Have these loans vanished for everyone else?
So the loans are not showing on live loans, but they are showing in the for sale list
Haven't had funds returned, so seem to be in limbo to me..
Also interest not paid despite it seeming the interest calcs have been done for the day
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oldgrumpy
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Post by oldgrumpy on Jul 31, 2017 8:39:00 GMT
Give 'em a chance! It's only nine o'clock - first second coffee imminent, so with all the intricacies of redeeming multiple loans I don't expect the results until late in the day or even tomorrow.
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kermie
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Post by kermie on Jul 31, 2017 8:42:06 GMT
Yep, the've gone for me too. Recent updates indicated we are just waiting for the money transfer from solicitor's, today or tomorrow. I'd expect the interest to be paid at the same time as the capital repayment.
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archie
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Post by archie on Jul 31, 2017 8:46:15 GMT
Loans are all shown as completed. I expect they will run the repayments and interest as soon as funds are transferred over, either later today or tomorrow.
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robski
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Post by robski on Jul 31, 2017 8:53:38 GMT
Loans are all shown as completed. I expect they will run the repayments and interest as soon as funds are transferred over, either later today or tomorrow. Yeah I suspect your correct, but as I say they still also show under for sale if you had any parts up for sale Its a little disconcerting when large amounts seem to vanish though, maybe a new category of loans should be added under loans 1) live 2) pending 3) completed 4) locked "locked" would be such as this, repayment coming in, or also loans that have to be suspended from trading for any other reason such as MT being aware of a default. Its going to happen sooner or later.
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archie
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Post by archie on Jul 31, 2017 9:02:43 GMT
Loans are all shown as completed. I expect they will run the repayments and interest as soon as funds are transferred over, either later today or tomorrow. Yeah I suspect your correct, but as I say they still also show under for sale if you had any parts up for sale Its a little disconcerting when large amounts seem to vanish though, maybe a new category of loans should be added under loans 1) live 2) pending 3) completed 4) locked "locked" would be such as this, repayment coming in, or also loans that have to be suspended from trading for any other reason such as MT being aware of a default. Its going to happen sooner or later. If you look at the Statement screen there is an entry for Frozen funds which I assume covers defaults. Edit : Wrong assumption, pending withdrawals instead.
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Post by GSV3MIaC on Jul 31, 2017 9:19:32 GMT
Same here - if I look at 'my loans' I still appear to have them (and can even sell them), but if I look at (generic) 'completed loans' then they seem to be there as complete, which is causing Excel to scratch its head a bit. I don't think the MT system has learned how to cope with 'end date has passed, but loan is not actually complete'. Very confusing.
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mikeh
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Post by mikeh on Jul 31, 2017 9:52:24 GMT
If you look at the Statement screen there is an entry for Frozen funds which I assume covers defaults. Frozen funds are usually pending withdrawals.
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archie
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Post by archie on Jul 31, 2017 9:54:23 GMT
If you look at the Statement screen there is an entry for Frozen funds which I assume covers defaults. Frozen funds are usually pending withdrawals. Fair enough, I've never withdrawn anything.
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GeorgeT
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Post by GeorgeT on Jul 31, 2017 10:30:17 GMT
Interest for the month hasn't been paid for these yet so things are still happening at the legal end. Interest for Wig' has been paid today so that tells you that the AE situation is still being dealt with and doubtless we will get an email telling us when all is said and done.
When the monies are repaid we will get all our capital and outstanding interest paid in a rush of transactions and as has been pointed out that could be today or tomorrow but I would expect it all to be done a bit later on today.
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