Post by webwizard on Dec 13, 2017 10:51:57 GMT
I have been investing with Lendy for about 18 months. I now have several loans that are suspended and 1 that is part way through being sold and seems to be ground to a halt. However, in all cases the interest displayed against my loans that are IA and the amount of bonus interest displayed are increasing each day. Even in the part sold loan (on which no interest will be earned) is showing an increasing amount each day.
Firstly, I think this is misleading, displaying interest that will never be paid. Secondly, if my bank did this I would have a full expectation that the funds displayed belong to me.
So, is there any chance that Lendy could modify the website to display the actual interest earned and not hypothesised. This will become more of an issue when part capital repayment of loans increases and the prospect of interest recovery becomes more remote. Whilst the amount of bonus interest is increasing, I now realise that the chance of ever seeing it is falling. As a result I find it more difficult to reconcile the figures of interest between expected and actual.
Each month, the amount my web page tells me I should be receiving and the actual amount I do receive are diverging and I for one think this is very misleading and perhaps could be improved.
What does everyone else think?
Firstly, I think this is misleading, displaying interest that will never be paid. Secondly, if my bank did this I would have a full expectation that the funds displayed belong to me.
So, is there any chance that Lendy could modify the website to display the actual interest earned and not hypothesised. This will become more of an issue when part capital repayment of loans increases and the prospect of interest recovery becomes more remote. Whilst the amount of bonus interest is increasing, I now realise that the chance of ever seeing it is falling. As a result I find it more difficult to reconcile the figures of interest between expected and actual.
Each month, the amount my web page tells me I should be receiving and the actual amount I do receive are diverging and I for one think this is very misleading and perhaps could be improved.
What does everyone else think?