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Post by ruralres66 on Oct 20, 2016 11:03:47 GMT
... As the repayments were delayed by a day, we will be crediting an additional day’s worth of interest, as a separate credit. The additional interest will be credited to your holding account by end of the day tomorrow. ... I haven't had any reply from CS to my email sent on 17th evening yet! ruralres66 , have you received that elusive credit for that extra day of interest? Does it show on your holding account and in Account History (assuming that the reply you received from CS was before 19th October)? I can't see it, but I may not be looking correctly. I had nearly £2000 of repayments delayed........ Who else had the email notice and apology I received please?
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Post by ruralres66 on Oct 19, 2016 18:39:48 GMT
Payment issue: Resolved
"As you may be aware (not!!!!!) due to a system upgrade, we recently experienced a delay with some of our payment settlements for the rolling market. As a result, some of our lenders did not receive their scheduled repayments.
The delay on Monday prevented lenders from receiving their scheduled contract repayments for that day. As of yesterday evening, all scheduled repayments should have been received and handled according to your reinvestment settings.
As the repayments were delayed by a day, we will be crediting an additional day’s worth of interest, as a separate credit. The additional interest will be credited to your holding account by end of the day tomorrow.
We would like to offer our sincere apologies for this delay and for any concern this may have caused.
If you have any questions, please do not hesitate to contact us.
Kind regards The RateSetter Team"
Plus a flurry of 3.0, 3.1% in Rolling went out...!
BUT, Last Matched Rates Rolling 2.7% at 19:37
1 Year 2.7% at 19:14
5 Year Income 5.5% at 19:10
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Post by ruralres66 on Oct 18, 2016 10:51:53 GMT
!!! 17/10/2016 Standard £1,241. 09 £1,237. 77 £3. 32 Due One of many........
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Post by ruralres66 on Oct 18, 2016 8:37:15 GMT
What's going on? I had notification of matches at 3% in Rolling this morning ( some of Rolling from yesterday) I know this is but I had such a build up occurring- I got 3.4 Rolling last week. BUT the table shows; 2.5% at 09:30 1 Year 2.7% at 09:08 5 Year Income 5.2% at 09:18 Nothing from RS by way of apology explanation about the delay and difficulties .........Talk about RS "inspiring confidence!"
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Post by ruralres66 on Oct 17, 2016 17:49:05 GMT
Did Kev suggest he would not be around for a while?
"Sorry chaps, I'm not planning to be in the office for a few weeks.... "
RS, Rats 'n sinking Ship come to mind!
What about the chapesses?
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Post by ruralres66 on Oct 17, 2016 10:24:53 GMT
What impacts from "late" repayments loan process??? Rolling 2.4% at 11:19 1 Year 2.4% at 11:14 5 Year Income 5.1% at 11:17
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Post by ruralres66 on Oct 17, 2016 9:44:36 GMT
10.43am and not a sniff...........
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Post by ruralres66 on Oct 17, 2016 8:41:23 GMT
At what time today do RS expect that my today's (considerable) repayments will show in my holding account? What is the usual experience of others about time frame?
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Post by ruralres66 on Oct 14, 2016 10:58:14 GMT
By Ruth Gillbe
Former chairman of the Financial Services Authority Lord Adair Turner has u-turned on his stance that peer-to-peer lending will give rise to a mis-selling scandal.
In February this year, Lord Turner said that losses on P2P lending will “make the worst bankers look like absolute lending geniuses.”
However today (12 October) in an article in FTAdviser's parent paper the Financial Times, Lord Adair said: "I don't think the use of technology by peer-to-peer lenders or challenger banks will do anything fundamentally new..but they might be able to do credit underwriting as well as established banks and also aspire to offer better customer services."
Lord Adair also urged lenders to "keep it simple, keep it transparent" and said the £2.7bn industry will continue to grow if lenders avoided "giving the illusion of liquidity" to consumers.
Remainder redacted: MOD BB: reason: forum rule and copyright.
Please note the forum rule:
You may not post material here that infringes copyright. Posting material owned by others without their permission unless it's only a little of it to discuss what they wrote often infringes copyright.
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Post by ruralres66 on Oct 14, 2016 10:54:05 GMT
Initially, a year ago, I placed £10,000 in the 5 year July 2015.
On 8th August 2016 I did a "£5000" sell out. ( trying to find the fee detail and assignment info)
(There have been some repayments early too I believe.)
I have scrutinised the RS "Transaction" page but it does not give any detail about the market which the "sellout" has come from, or differentiate between contract repayments, sellouts or respective markets for either. The spreadsheet references this and has a field but shows no information.
I have rung RS and requested that this info can be placed on the spread sheet. RS can give this info to me but it should be available on the spreadsheet.
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Post by ruralres66 on Oct 14, 2016 8:37:42 GMT
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Post by ruralres66 on Oct 14, 2016 8:07:14 GMT
I have just tested a full withdrawal on the 5 year market and it was calculated thus;
* £7600 withdrawn @ 5.5% weighted average (today, 5 year is displaying 5.5% as rate) * Fee £72 plus £16 assignment fee.
Earliest loan was July 2015, majority though, during the time since, mainly 2016.
Most of my lending was in the now defunct 3 year, some in 1 year and "monthly" now "rolling".
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RateSetter (RS)
Statistics
Oct 13, 2016 9:49:05 GMT
Post by ruralres66 on Oct 13, 2016 9:49:05 GMT
Over to you Westonkev.....
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Post by ruralres66 on Oct 11, 2016 14:27:11 GMT
Thanks! I obviously have so much to learn not being involved with others save RS and Zopa!
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Post by ruralres66 on Oct 11, 2016 12:33:21 GMT
Sorry to be ignorant, but what is SM?
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