dawn
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Post by dawn on Jul 2, 2019 7:03:23 GMT
Telling people there is an update on the site is fine but the update doesn't need to be repeated here. Lenders can easily log on for themselves to find out what the update says. It is not surprising that Moneything engage far less on this forum now than they used to (which is a pity but totally understandable). You give too much instructions to those who are not supposed listening to you. I gave no instructions at all - I merely stated my opinion.
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dawn
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Post by dawn on Jul 1, 2019 19:20:53 GMT
Update on website ********************* (MTAW947) Holiday Park Development in Scotland - 3rd Advance - NON-PERFORMING We are unsure as to what is causing the delay on the repayment. As soon as we have an update we will inform len ****************** Telling people there is an update on the site is fine but the update doesn't need to be repeated here. Lenders can easily log on for themselves to find out what the update says. It is not surprising that Moneything engage far less on this forum now than they used to (which is a pity but totally understandable).
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dawn
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Post by dawn on Jun 11, 2019 15:55:07 GMT
I know I don't have the capital but the system shows that I hold more money in a loan than any of my transactions can account for. And if it pays back then the transactions will account for it. What happens when you buy a loan at a discount? The ledger says you paid (say) £96 and the loan capital goes up by (say) £100. You also then have £4 of capital that your transactions can't account for (until it is paid back). My spreadsheet can and does account for this. It uses the information in the transaction report to work it out. All I want is an entry in the transaction report for these changes so that I can correctly work out how much I hold of each loan. In another post Ablrate have said they are looking at a way of doing this - thank you Ablrate for listening. "And if it pays back then the transactions will account for it." Firstly - I hope it pays back, but it may not. Secondly - I don't want to have to wait to the end of the loan to know how much I had invested in it. Clearly different people have different ways of tracking their loans, etc - it is important to me to be able to track accurately and in a timely way how much I have in each loan. This may not be so important to others - each to their own.
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dawn
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Post by dawn on Jun 11, 2019 15:14:57 GMT
What I meant was the £7 new capital that I now have according to Ablrate. I know the money is there in the ABLrate ether somewhere but there is no record of it in the transaction report, and how it has been allocated to my loans. You do not actually have this 'capital'. It's not part of the cash account, it's a debt which may or may not be paid. I know I don't have the capital but the system shows that I hold more money in a loan than any of my transactions can account for.
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dawn
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Post by dawn on Jun 11, 2019 6:20:27 GMT
Ablrate - your work in negotiating a solution to the issues facing these borrowers is commendable and very much appreciated. However I disagree with your view that balances have not changed. The money that has been added onto the amount that I hold in these loans has come from somewhere - I hold more now than I did before you made these changes. That change should be reflected in the transaction report. If I held £100 in a loan a week ago and now hold £107 then that needs to be reflected in the transaction report - how and where did the extra come from?. My spreadsheet tells me I have £100 so if I sell £107 then I'll have sold something I never had - which is not possible. I should be able to download a list of things that have happened to my account, paste it into a spreadsheet and, maybe after a few excel formula's, come up with the same figures that you have on the dashboard for amount available, amount invested etc. There is no way that I can do that with the information currently provided. Which means I can't check if my balances are correct. Which means that I'm beginning not to trust the figures you are providing. Which means that my trust in the platform is suffering. With things as they are in the world of P2P at the moment doing something (or not doing something) which leads to lenders losing faith in a platform strikes me as a very strange way to go about things. The numbers need to add up and currently they don't. you did have something - accrued interest - although it doesn't formally "exist" (whether as interest or recapitalisation) until it is paid to you, at which point it goes onto the ledger. AIUI What I meant was the £7 new capital that I now have according to Ablrate. I know the money is there in the ABLrate ether somewhere but there is no record of it in the transaction report, and how it has been allocated to my loans.
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dawn
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Post by dawn on Jun 10, 2019 21:57:25 GMT
This 'utter nonsense' has come from a restructured deal where we negotiated that the missing interest is capitalised, recoded the system so that you receive this interest as an increased loan and removed all our fees. Adding an amount in the transaction history would not work because it does not affect the balances. This is a cash in - cash out ledger. The loan ledger is the agreement system. Extracting data from that ledger and applying it to the tax statement is not a small job, and while we appreciate that there will be reporting come tax time for standard accounts, we will have to look at a solution that can be applied systematically and this wont be tomorrow, but we will investigate a solution Ablrate - your work in negotiating a solution to the issues facing these borrowers is commendable and very much appreciated. However I disagree with your view that balances have not changed. The money that has been added onto the amount that I hold in these loans has come from somewhere - I hold more now than I did before you made these changes. That change should be reflected in the transaction report. If I held £100 in a loan a week ago and now hold £107 then that needs to be reflected in the transaction report - how and where did the extra come from?. My spreadsheet tells me I have £100 so if I sell £107 then I'll have sold something I never had - which is not possible. I should be able to download a list of things that have happened to my account, paste it into a spreadsheet and, maybe after a few excel formula's, come up with the same figures that you have on the dashboard for amount available, amount invested etc. There is no way that I can do that with the information currently provided. Which means I can't check if my balances are correct. Which means that I'm beginning not to trust the figures you are providing. Which means that my trust in the platform is suffering. With things as they are in the world of P2P at the moment doing something (or not doing something) which leads to lenders losing faith in a platform strikes me as a very strange way to go about things. The numbers need to add up and currently they don't.
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dawn
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Post by dawn on Jun 9, 2019 20:56:28 GMT
ablrate Will there be any entry in the transactions list to say how much each loan holding has increased by? No - this in in your list of agreements So I need to go through each agreement manually and manually amend my records to get this to add up. Up to now (and within the normal problems caused by rounding errors) I could use the transactions records to create a complete list of what has happened to the loans that I hold. Now I suddenly hold more of a loan that I used to and there is no record in the transaction list to show when and how that happened. I don't like this. I really like ABLrate as a platform but I find these sorts of things very frustrating and annoying. On no other platform do I have this sort of problem - if a change happens to a loan with regard to the amount I hold then it is represented in the transaction record. My spreadsheet for trying to track my ABLrate loans is by far the most complicated of all my spreadsheets and I'm beginning to wonder whether the effort is worth it (despite liking the platform in many other ways). I am getting so fed up with that, if I can find somewhere else to move my money, I may close all three accounts that I manage. The transaction records should be a complete and accurate record of what has happened on the account - otherwise how are we supposed to keep a track of what is happening. Don't get me wrong - I like the innovative way ABLrate have dealt with this problem - but it needs to be recorded properly so we can all keep accurate records for tax and other purposes.
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dawn
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Post by dawn on Jun 8, 2019 17:03:03 GMT
ablrate Will there be any entry in the transactions list to say how much each loan holding has increased by?
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dawn
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Post by dawn on Jun 6, 2019 15:47:19 GMT
What I would like is for the numbers that I download or screen scrape to add up to the numbers on the dashboard. Rounding errors over a long period now mean my figures are somewhat adrift of those on the dashboard. Do send over your analysis. The rounding will only ever make your account 1p up or 1p down, if it is different from this we would like to take a look and report back to you. Please email info@abl and we will do our analysis on it. I will do so but it may be a couple of weeks - it is the middle of the A-level and GCSE season and I've very little spare time just at the moment. One of my accounts is now 15p adrift and the other 2 a little less. Over time the difference is growing. I will get the figures together as soon as I can.
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dawn
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Post by dawn on Jun 5, 2019 6:42:57 GMT
What I would like is for the numbers that I download or screen scrape to add up to the numbers on the dashboard. Rounding errors over a long period now mean my figures are somewhat adrift of those on the dashboard.
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dawn
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Post by dawn on Jun 4, 2019 18:07:00 GMT
The green button to switch between accounts gets hidden by a large orange banner whenever I buy something on the SM. Could the orange banner appear somewhere else so as not to hide the green button please.
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dawn
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Post by dawn on May 6, 2019 19:16:24 GMT
Apologies for my misinformation.
I was regularly using the M5 last year and do not recall ever seeing the houses (must have been busy looking at the road). Are you certain they didn't cut the adjacent hedge just for your visit?
The whole situation is unfortunate given that the houses that are nearing completion look very nice, but half the development has been sat there part constructed and open to the elements for 2 years. There must have been a better way to handle the situation
The properties have been visible from the M5 for quite a long time. It was more than a year ago that I first realised that they were the properties for DFL001 - I'd seen them before that but didn't initially click that they were the relevant properties. I use this part of the M5 every couple of weeks or so as I live within 15 miles of Exeter. I did once try to find the properties by going into the new housing estate which they are on the edge of, but got utterly lost with all the new roads. I may try again when I have time. If I am a passenger in the car next time we go past the houses I will try to take a photo. Drove past yesterday but unable to take photo as I was driving. I can confirm that the back of the house closest to the motorway has "collapsed". This is the one with breeze blocks in the windows. The others all looked complete in the few seconds I could see them.
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dawn
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Post by dawn on Apr 27, 2019 15:15:05 GMT
agent69 I’m sorry to contradict you, but you are incorrect on the above. The entire development is visible from the M5 motorway immediately after Exeter RFC, and now shows part of the house at the southern (M5) end in a heap of rubble. Apologies for my misinformation.
I was regularly using the M5 last year and do not recall ever seeing the houses (must have been busy looking at the road). Are you certain they didn't cut the adjacent hedge just for your visit?
The whole situation is unfortunate given that the houses that are nearing completion look very nice, but half the development has been sat there part constructed and open to the elements for 2 years. There must have been a better way to handle the situation
The properties have been visible from the M5 for quite a long time. It was more than a year ago that I first realised that they were the properties for DFL001 - I'd seen them before that but didn't initially click that they were the relevant properties. I use this part of the M5 every couple of weeks or so as I live within 15 miles of Exeter. I did once try to find the properties by going into the new housing estate which they are on the edge of, but got utterly lost with all the new roads. I may try again when I have time. If I am a passenger in the car next time we go past the houses I will try to take a photo.
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dawn
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Post by dawn on Mar 19, 2019 13:32:43 GMT
A bit easier:
From the "My Portfolio" page, in the "My Loan Parts" section, choose the tab "Loan parts" rather than the default "Loans". This gives you a table containing both loan part IDs and loan IDs, and it is clickable to open the loan details page.
Only easier to do it on the screen if you have a few loan parts - I have over 100 pages of them so scrolling slowly through to find the right one is tedious. Otherwise this is the same as my suggestion.
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dawn
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Post by dawn on Mar 19, 2019 8:08:37 GMT
From the Loan Portfolio tab, under My Loan Parts - select download all loanparts. Open the downloaded spreadsheet and look for your loan part number - in column A - the loan ID will be in column D. You can then look up the ID under the comments section (also on Loan Portfolio tab) to find out if a comment has been added.
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