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Post by cpaken on Jan 31, 2018 22:08:37 GMT
This has probably been asked before...does the interest continue to accure when a loan is listed on the secondary market?
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k6
Posts: 178 
Likes: 110
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Post by k6 on Jan 31, 2018 22:10:39 GMT
No interest accrues on loan part up for sale
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drgonzo
Member of DD Central
Posts: 82
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Post by drgonzo on Jan 31, 2018 22:10:52 GMT
This has probably been asked before...does the interest continue to accure when a loan is listed on the secondary market? Yes it has, and no it doesn't. 
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Post by angrykittens on Feb 1, 2018 10:51:29 GMT
You will receive interest on the Secondary Market for Property loans that have been "renewed". As investors are forced into renewals for Property loans (even if you don't tick the renewal box) you can list them on the SM after the renewal date and you will still receive interest while they are selling.
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SteveT
Member of DD Central
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Post by SteveT on Feb 1, 2018 12:01:35 GMT
You will receive interest on the Secondary Market for Property loans that have been "renewed". As investors are forced into renewals for Property loans (even if you don't tick the renewal box) you can list them on the SM after the renewal date and you will still receive interest while they are selling. You SHOULD receive interest on “for sale” loans that have been extended, but in fact I haven't yet on some Chelsea flat parts I had on the SM. COL have just replied to my email that there will be a further interest run later today ... (Update: apparently the missing interest relates to the period of Jan in which that loan was in "negative days" and not to my having it up for sale)
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blink
Member of DD Central
Posts: 94 
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Post by blink on Feb 1, 2018 13:46:57 GMT
You will receive interest on the Secondary Market for Property loans that have been "renewed". As investors are forced into renewals for Property loans (even if you don't tick the renewal box) you can list them on the SM after the renewal date and you will still receive interest while they are selling. You SHOULD receive interest on “for sale” loans that have been extended, but in fact I haven't yet on some Chelsea flat parts I had on the SM. COL have just replied to my email that there will be a further interest run later today ... (Update: apparently the missing interest relates to the period of Jan in which that loan was in "negative days" and not to my having it up for sale) Thank you for that Steve.. I thought my interest was a bit light this morning...but I haven't had time to check it yet... I will wait to see what this afternoon brings..
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p2pclive
Blockchain specialist
Posts: 25
Likes: 9
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Post by p2pclive on Feb 1, 2018 14:02:53 GMT
You will receive interest on the Secondary Market for Property loans that have been "renewed". As investors are forced into renewals for Property loans (even if you don't tick the renewal box) you can list them on the SM after the renewal date and you will still receive interest while they are selling. You SHOULD receive interest on “for sale” loans that have been extended, but in fact I haven't yet on some Chelsea flat parts I had on the SM. COL have just replied to my email that there will be a further interest run later today ... (Update: apparently the missing interest relates to the period of Jan in which that loan was in "negative days" and not to my having it up for sale) Whether or not you receive interest depends on the location of the property, they should really make this clear in the T's and C's 
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SteveT
Member of DD Central
Posts: 6,873
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Post by SteveT on Feb 1, 2018 16:20:37 GMT
You SHOULD receive interest on “for sale” loans that have been extended, but in fact I haven't yet on some Chelsea flat parts I had on the SM. COL have just replied to my email that there will be a further interest run later today ... (Update: apparently the missing interest relates to the period of Jan in which that loan was in "negative days" and not to my having it up for sale) Thank you for that Steve.. I thought my interest was a bit light this morning...but I haven't had time to check it yet... I will wait to see what this afternoon brings.. Missing accrued interest now paid, at least on BL00017
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empirica
Member of DD Central
Posts: 326
Likes: 235
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Post by empirica on Feb 1, 2018 21:35:05 GMT
Thank you for that Steve.. I thought my interest was a bit light this morning...but I haven't had time to check it yet... I will wait to see what this afternoon brings.. Missing accrued interest now paid, at least on BL00017 I've just received some on COLBL00008 . Not much - maybe 10 days worth. It's marked as 'Interest Accrued' on the statement but I don't recall that one being overdue.
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