hantsowl
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Post by hantsowl on Dec 4, 2018 13:50:49 GMT
This loan has been marked with the status “Not Eligible” and cannot be put up for sale. I don’t seem to have received any details of why this has happened. pennyrelendex Please explain what is going on with this loan.
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Post by pennyrelendex on Dec 4, 2018 14:04:19 GMT
Hi hantsowl, Following the email sent to all lenders in the loan today re the system fault, the loan parts have been made ineligible for resale on the RMP so that we can protect the current list of lenders that hold a loan part. This will allow us to pay the current loan part holder the correct amount of interest for the quarter without discrepancies. Apologies for any inconvenience caused, we are working to get this fixed as quickly as possible. After we have fixed the issue and the quarter's interest has been paid to the current loan part holders, we will make the parts eligible for resale again. -Penny
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hantsowl
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Post by hantsowl on Dec 4, 2018 19:05:24 GMT
Hi hantsowl , Following the email sent to all lenders in the loan today re the system fault, the loan parts have been made ineligible for resale on the RMP so that we can protect the current list of lenders that hold a loan part. This will allow us to pay the current loan part holder the correct amount of interest for the quarter without discrepancies. Apologies for any inconvenience caused, we are working to get this fixed as quickly as possible. After we have fixed the issue and the quarter's interest has been paid to the current loan part holders, we will make the parts eligible for resale again. -Penny Thanks for the quick response. I did not receive the email, so I checked my gmail account and found that email forwarding was failing for some reason. I have reset the forwarding so I will hopefully see the emails in the future.
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maotw
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Post by maotw on Dec 10, 2018 17:32:00 GMT
Sefton Park showing 'not eligible' .
Previously shown as 'Loan not drawn' - No email to say anything about it having been drawn down, so I assume not been drawn yet?
Please would Penny say what the score is with this one?
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hantsowl
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Post by hantsowl on Dec 13, 2018 10:38:52 GMT
Hi hantsowl , Following the email sent to all lenders in the loan today re the system fault, the loan parts have been made ineligible for resale on the RMP so that we can protect the current list of lenders that hold a loan part. This will allow us to pay the current loan part holder the correct amount of interest for the quarter without discrepancies. Apologies for any inconvenience caused, we are working to get this fixed as quickly as possible. After we have fixed the issue and the quarter's interest has been paid to the current loan part holders, we will make the parts eligible for resale again. -Penny Hi pennyrelendex. Any idea how long this is likely to take?
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Post by pennyrelendex on Dec 13, 2018 11:29:55 GMT
Hi hantsowlThis should all now be correctly showing in your dashboard with LPs eligible for resale on the RMP. Any issues, let me know! -Penny
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hantsowl
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Post by hantsowl on Dec 13, 2018 11:33:05 GMT
All good now, thanks.
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Post by captainb on Jan 5, 2019 23:13:09 GMT
It would seem that the waiting period for the Watford residenti,all loan to drawdown may well exceed the period of loan. Whilst its reassuring to know they are protecting our investment, its somewhat frustrating as well.
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littleoldlady
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Post by littleoldlady on Mar 6, 2019 22:54:00 GMT
@pennyrelendex Still , or at any rate currently, showing as ineligible for me.
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hantsowl
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Post by hantsowl on Mar 6, 2019 22:57:20 GMT
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Mar 10, 2019 14:49:17 GMT
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Post by pennyrelendex on Mar 11, 2019 16:27:20 GMT
Hi both, hantsowl maotw There has been a delay in the interest payment from the borrower reaching us, we fully expect this to be paid in full by the end of the week. With the payment being delayed, the loan parts have been taken off the Resale Marketplace to ensure that lenders who have held the loan part for the last quarter receive all the interest that they are due. Once the payment has reached us the loan parts will become eligible again. Apologies for any inconvenience caused. -Penny
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Post by pennyrelendex on Mar 15, 2019 11:09:49 GMT
Hi hantsowl maotwJust to let you know, interest has now been credited to your lender account and your loan parts are now eligible to trade on the RMP. Thanks! Penny
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tjtl
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Post by tjtl on Dec 5, 2019 17:12:36 GMT
Useful update on Evesham, London& Liverpool, Bridge House, and Clapham South loans received today. If anyone is a lender on these and hasn't received the updates let me know and I will forward (or you can get them from Relendex). They have improved their communications- and on these four loans (all of which have issues) Relendex appear to be taking a sensible, professional approach- money may be slow to be received, but their interests appear to be aligned with ours. I will post a copy of this against the other loans.
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littleoldlady
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Post by littleoldlady on Nov 10, 2020 15:20:24 GMT
The latest update said that the exit plan was to refinance with another p2p lender. (Hopefully not L, FS or MT). Has anyone seen it mentioned as a pending on another platform?
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