nick
Member of DD Central
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Post by nick on Sept 18, 2017 14:01:46 GMT
I was an investor in PBL147 (H******* Lane, Prestbury) which repaid capital but had unpaid accrued interest and bonus interest which will only be paid if the necessary funds are recouped from the borrower in the future. Is there any straightforward way of working out what amounts are owed on such loans? I note the loan has moved into the 'repaid loanparts' tab under my loans. If the interest amounts under this tab were reliable, the outstanding amount could easily be determined as the difference between these and what has actually been paid as per the account statement. However, recently interest amounts shown under my loans are prone to error so I'm wary of relying on these figures. Is there an easier way I'm overlooking to track what is still owed on these loan parts?
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twoheads
Member of DD Central
Programming
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Post by twoheads on Sept 18, 2017 19:37:59 GMT
I was an investor in PBL147 (H******* Lane, Prestbury) which repaid capital but had unpaid accrued interest and bonus interest which will only be paid if the necessary funds are recouped from the borrower in the future. Is there any straightforward way of working out what amounts are owed on such loans? I note the loan has moved into the 'repaid loanparts' tab under my loans. If the interest amounts under this tab were reliable, the outstanding amount could easily be determined as the difference between these and what has actually been paid as per the account statement. However, recently interest amounts shown under my loans are prone to error so I'm wary of relying on these figures. Is there an easier way I'm overlooking to track what is still owed on these loan parts? The bonus is simple: 6% PA for 72* days or 1.1836% of your loan part value (only payable if the part wasn't for sale at repayment time).
Accrued interest due is the normal calculation: 12% for 72* days. Remember to deduct any 'for sale' time. You may have received some of the old SBL interest for the first days overdue, you'll have to subtract that too. It makes it all bloody difficult as you say! Good luck.
So far, all of my actual paid interest has been correct even though the figures online are utter rubbish for many loan parts. I've not yet received a bonus - I'm due a penny I think, pending recovery.
* The final number of days overdue is not always precise in the loan particulars. It could be a day wrong either way. It's worth checking the original term and the original 'go-live' date.
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