taca
Posts: 29 
Likes: 8
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Post by taca on Sept 22, 2014 11:05:35 GMT
Hi, regarding the 'Accrued interest' box in the 'My Loans' section; is this updated only when repayments are actually made (as opposed to a daily calculation of interest owed, as on the AC and SS sites)? It's just that mine reads zero. Regards.
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Post by ablrate on Sept 22, 2014 16:24:36 GMT
Hi, regarding the 'Accrued interest' box in the 'My Loans' section; is this updated only when repayments are actually made (as opposed to a daily calculation of interest owed, as on the AC and SS sites)? It's just that mine reads zero. Regards. Hi taca Yes, this section shows when interest is paid. Part of the functionality of the Instant Returns is that it calculates daily interest in the background and we are looking at displaying this for all loans on your dashboard, so you can see what has been earned at any one time, on an upcoming update. Regards Ablrate
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gb007
Member of DD Central
Posts: 131
Likes: 74
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Post by gb007 on Sept 22, 2014 22:27:38 GMT
Hi Ablrate As the definition of accrued income is "earned income not yet received", wouldn't it make sense to have 2 different headings: Accrued Interest & Interest Paid ?  |
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Post by ablrate on Sept 23, 2014 7:38:11 GMT
Hi Ablrate As the definition of accrued income is "earned income not yet received", wouldn't it make sense to have 2 different headings: Accrued Interest & Interest Paid ? Hi There will be a few changes on the dashboard soon, that makes sense, so we will look at getting that on there for you. Regards Ablrate
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Post by solicitorious on Jul 6, 2015 21:16:26 GMT
Dashboard has been showing "Next instalment date" 6/7/15 with £13.75 due.
So far, no update to my available funds....
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Post by ablrateandy on Jul 6, 2015 21:38:10 GMT
Sorry - that's a holding date for the Loan that hasn't yet drawn down so the payment won't appear until we pay instant returns on the loan, which will occur on drawdown. We have to enter a predicted date in the system, and that's what this is. However, loan payments are generally made late at night too, so wouldn't appear until just before midnight on the due date.
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Jul 7, 2015 4:52:01 GMT
Sorry - that's a holding date for the Loan that hasn't yet drawn down so the payment won't appear until we pay instant returns on the loan, which will occur on drawdown. We have to enter a predicted date in the system, and that's what this is. However, loan payments are generally made late at night too, so wouldn't appear until just before midnight on the due date. Would it there make sense to add one day to the target date?
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