seb8072
Member of DD Central
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Post by seb8072 on Apr 1, 2018 16:49:13 GMT
Surprised no one's flagged this yet so not sure if I'm missing something but given that we normally seem to receive one of those "Monthly interest credited" emails on the 1st of the month (even on Sundays) what's happened to our March's interest?
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oldtimer
Member of DD Central
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Post by oldtimer on Apr 1, 2018 17:00:05 GMT
Surprised no one's flagged this yet so not sure if I'm missing something but given that we normally seem to receive one of those "Monthly interest credited" emails on the 1st of the month (even on Sundays) what's happened to our March's interest? I think there was an email recently that said interest would only be paid on a working day from now on, so I guess it will be Tuesday this time.
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seb8072
Member of DD Central
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Post by seb8072 on Apr 1, 2018 21:15:16 GMT
There you go, I missed it.
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lobster
Member of DD Central
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Post by lobster on Apr 2, 2018 7:15:18 GMT
It will be interesting to see what sort of hole (if any ?) that the interest payment makes on the bloated SM.
There has barely been a trickle of SM buying interest recently, even in big 300-plus day loans with cashback ? What's it going to take ? Perhaps the repayment of a couple of big loans to restore confidence.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Apr 2, 2018 9:17:27 GMT
It will be interesting to see what sort of hole (if any ?) that the interest payment makes on the bloated SM. There has barely been a trickle of SM buying interest recently, even in big 300-plus day loans with cashback ? What's it going to take ? Perhaps the repayment of a couple of big loans to restore confidence. Awaiting the interest run was an exciting time of the month in the past but as I gradually exited the platform I noticed that the interest run was having less and less effect because clearly more and more people were withdrawing their interest in full rather than reinvesting it. Today I don't think the interest run will have Mass Effect at all on the secondary market because people are now just trying to get out what they can. It would take a mega million pound repayment for there to be some recycling of funds but even in such a situation I would still expect 80% of the repayment to leave the platform. * All figures and statistics stated herein are the personal opinion of my good self based on my own observancy and analysis of platform performance and are not based on hard data and scientific scrutiny. Other investors may wish to work out their own figures and form their own conclusions before making important investment decisions.
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Jeepers
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Post by Jeepers on Apr 2, 2018 9:45:29 GMT
MoneyThing still paying interest on the bank holiday. Top customer service as always. Sort yourselves out Lendy.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Apr 2, 2018 10:02:21 GMT
Yes given Lendy's sudden desire to talk to us and calm our doubts you would think they might have reverted to how they used to operate in the early days when they did pay interest runs on bank holidays - if only to make a statement that they are listening and trying harder to please.
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Apr 2, 2018 10:30:32 GMT
The corporate arrogance is still there...
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Post by picanto on Apr 2, 2018 10:36:42 GMT
MoneyThing still paying interest on the bank holiday. Top customer service as always. Sort yourselves out Lendy. Personally I'm not too bothered by that. As long as the interest gets paid and is correct than I am happy to wait a couple of days. I have a lot of criticisms of Lendy recently but not getting paid interest on a bank holiday and expecting Lendy staff to work on a Bank holiday to process the interest payments is not one of them and I think it is unfair to do so.
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Post by charliebrown on Apr 2, 2018 12:07:37 GMT
It will be interesting to see what sort of hole (if any ?) that the interest payment makes on the bloated SM. There has barely been a trickle of SM buying interest recently, even in big 300-plus day loans with cashback ? What's it going to take ? Perhaps the repayment of a couple of big loans to restore confidence. Awaiting the interest run was an exciting time of the month in the past but as I gradually exited the platform I noticed that the interest run was having less and less effect because clearly more and more people were withdrawing their interest in full rather than reinvesting it. Today I don't think the interest run will have Mass Effect at all on the secondary market because people are now just trying to get out what they can. It would take a mega million pound repayment for there to be some recycling of funds but even in such a situation I would still expect 80% of the repayment to leave the platform. * All figures and statistics stated herein are the personal opinion of my good self based on my own observancy and analysis of platform performance and are not based on hard data and scientific scrutiny. Other investors may wish to work out their own figures and form their own conclusions before making important investment decisions. For the past 18 months I’ve always reinvested every penny of interest earned. This month will be the first month where I withdraw all the interest earned. If any of the promised repayments happen in April I’ll be withdrawing that too. I’m trying to reduce my exposure on LY. I’m feeling very nervous about the “new normal”. Everything feels to be on a knife edge to me.
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Post by charliebrown on Apr 2, 2018 12:13:14 GMT
Yes given Lendy's sudden desire to talk to us and calm our doubts you would think they might have reverted to how they used to operate in the early days when they did pay interest runs on bank holidays - if only to make a statement that they are listening and trying harder to please. This is a minor problem, folks. Let it be. There’s bigger fish to fry so to speak. As long as we get paid tomorrow then what’s the problem? Let’s not bash LY for stuff that’s working ok. LY has always been good at paying us our interest due. No complaints from me on this subject to be honest.
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blata
Posts: 77
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Post by blata on Apr 2, 2018 12:16:10 GMT
I will be re investing interest but only on the loans I feel happy with.
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tx
Member of DD Central
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Post by tx on Apr 2, 2018 14:00:47 GMT
I will be re investing interest but only on the loans I feel happy with. I think I’ll reinvest all my interests too, SM is a bit slow, but the loans that were good are still good, especially the old ones with long extension that had already been fully funded, like the student accommodation. My personal opinions though.
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Jeepers
Member of DD Central
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Post by Jeepers on Apr 2, 2018 14:23:52 GMT
Not many attractive loans but DFL5 looks a solid asset now is finished. Dfl14 is been extended and low LTV as well. Any other decent ones anyone's noticed?
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Post by p2plender on Apr 2, 2018 14:31:27 GMT
Claims Woverhampton will be re-payed in 11 days and it's a whopper - the loan, not the Lendy promise of imminent repayment....
Will it de-clog the sm?
Nah.
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