Jeepers
Member of DD Central
Posts: 818 
Likes: 721
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Post by Jeepers on Jun 13, 2018 22:23:00 GMT
Just checked my accrued interest and for all loans with IA status, interest due has been calculated incorrectly.
Anyone else have this issue?
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withnell
Member of DD Central
Posts: 550
Likes: 491
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Post by withnell on Jun 14, 2018 5:29:19 GMT
I gave up using the Lendy figures on the website as I've always found them inaccurate, and not in line with what is paid either (eg snapshot at one month vs snapshot at the next wasn't in line with the payment received for any loan, some higher some lower). Generally found that the amount paid is in line with a quick days x rate x balance calc
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webwizard
Member of DD Central
Posts: 157
Likes: 145
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Post by webwizard on Sept 12, 2018 13:43:22 GMT
Just looked at the accrued interest tab and the column listing the bonus due has been removed.
Perhaps this going to be removed from all loans despite having been 'earned' but not yet paid. Suggests that Lendy are giving up on recovering outstanding bonus payments.
Would be nice if Lendy explained what was happening to this website alteration (fat chance...).
Given that loans were trading with bonus and therefore purchased knowing there was a bonus attached, the removal of the listing of bonus could be interpreted as being a misleading sale...
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Sept 13, 2018 4:56:17 GMT
When still having some confidence in L's competence and accuracy, I misguidedly bought into some IA loans purely on the basis of the Bonus!
If that goes I will not be a happy bunny whatever the associated issues, and will probably issue the same ultimatum to them as I did previously with another seemingly incompetent platform, and leave for pastures new.
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Post by charliebrown on Sept 14, 2018 15:27:51 GMT
It’s a moot point. Not sure about other investors, but most of the default loans I”m in look like I’m being taken to the cleaners never mind accrued interest and bonuses.
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