tonyr
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Post by tonyr on May 31, 2015 17:14:55 GMT
As far as I can tell, the accrued interest calculation hasn't had a glitch since my last post.... until last this morning. Both Coventry Serviced Office Loan (82) and Northamptonshire Equestrian Centre (81) paid interest shortly after 9am today and these amount are still being added to the "CURRENT ACCRUED INTEREST" some 40 mins later. Happens very often actually: It will update overnight. The accrued interest is paid, yet still shows as "owed". Some other glitches still outstanding, where loans in default are not showing or accruing at the right rate. Seems unfixable ... Oh dear - so I've only not noticed because I normally update my spreadsheet at about 6am or 7am in the morning. Please don't say "Seems unfixable ..." - I'm soon to be a shareholder (strange we've heard no news on that) which may then mean I have to get in my car and bang on doors.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 31, 2015 17:41:10 GMT
Happens very often actually: It will update overnight. The accrued interest is paid, yet still shows as "owed". Some other glitches still outstanding, where loans in default are not showing or accruing at the right rate. Seems unfixable ... Oh dear - so I've only not noticed because I normally update my spreadsheet at about 6am or 7am in the morning. Please don't say "Seems unfixable ..." - I'm soon to be a shareholder (strange we've heard no news on that) which may then mean I have to get in my car and bang on doors. Admin/IT meeting on Tues to address issues apparently. Pigs are very excited  Is there anything to update regarding shares other than whats on Seedrs site which is presumably where communications would have to come through - nothing has changed, they are negotiating, presumably under confidentialitity clauses, wouldnt expect to hear anything for a few months.
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am
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Post by am on Jun 1, 2015 13:47:11 GMT
3 of my holdings paid interest earlier today. As of a few minutes ago the accrued interest has only been reset on one of them.
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mikeb
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Post by mikeb on Jun 5, 2015 18:12:04 GMT
Loan #39 (Woo****tt) has finally had its rate set +3% (10 to 13%) to reflect the default status, which kicked in in October last year.
Despite a Q&A response that indicates the missing accrued interest won't be shown (because since October it has been showing and accruing at 10% only), it has actually turned up this morning as part of the accrued total. Yay!
May it continue accruing correctly at 13% until back on track!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 5, 2015 23:21:12 GMT
Loan #39 (Woo****tt) has finally had its rate set +3% (10 to 13%) to reflect the dmonthsvstatus, kicked in in October last year. Despite a Q&A response that indicates the missing accrued interest won't be shown (because since October it has been showing and accruing at 10% only), it has actually turned up this morning as part of the accrued total. Yay! May it continue accruing correctly at 13% until back on track! Needed an overnight for the change to take effect, which Id forgotten when I posted a follow up (now deleted) question. So thats it then all accrued interest displaying correctly, ignoring CC which should be normalised soon, isnt it?
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mikeb
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Post by mikeb on Jun 7, 2015 19:02:01 GMT
So thats it then all accrued interest displaying correctly, ignoring CC which should be normalised soon, isnt it? Yes, I think so. For all those I'm still invested in. Now all we have to do is get an official status update/acknowledgment on all the pre-drawdown interests still owed, for loans that were swept off the platform and under the carpet last year. Are they still being chased? Have AC written them off and hope that everyone has forgotten?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Jun 7, 2015 19:12:56 GMT
So thats it then all accrued interest displaying correctly, ignoring CC which should be normalised soon, isnt it? Yes, I think so. For all those I'm still invested in. Now all we have to do is get an official status update/acknowledgment on all the pre-drawdown interests still owed, for loans that were swept off the platform and under the carpet last year. Are they still being chased? Have AC written them off and hope that everyone has forgotten? Ive got an email from DomR regarding #39 which I need to reply to so might tack that on to it. Interestingly, the #39 interest is now accumulating at default rate from the original missed payment rather than 14 days after as indicated in the activity log. DavR had said that was going to be changed in his response above so nice to see the remembered/actioned earlier
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mikeb
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Post by mikeb on Jun 14, 2015 19:50:34 GMT
chris For the first time in ages, the accrued interest run didn't happen at all overnight (13th into 14th) -- no loans showing any more interest today than they did yesterday. I wonder in this is connected with #70 (North Loth*** WT) which paid up principal for the first time, but gave no interest payment this time? [Edit:Make that 2 days now -- 14th into 15th also no accrued interest run ...]
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tonyr
Member of DD Central
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Post by tonyr on Jun 16, 2015 6:16:01 GMT
chris For the first time in ages, the accrued interest run didn't happen at all overnight (13th into 14th) -- no loans showing any more interest today than they did yesterday. I wonder in this is connected with #70 (North Loth*** WT) which paid up principal for the first time, but gave no interest payment this time? [Edit:Make that 2 days now -- 14th into 15th also no accrued interest run ...] Make that three days now. But it's worse than that - the market isn't running. That is, if you put loans up for sale they don't show up so that others can buy them.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 16, 2015 11:34:39 GMT
chris For the first time in ages, the accrued interest run didn't happen at all overnight (13th into 14th) -- no loans showing any more interest today than they did yesterday. I wonder in this is connected with #70 (North Loth*** WT) which paid up principal for the first time, but gave no interest payment this time? [Edit:Make that 2 days now -- 14th into 15th also no accrued interest run ...] Make that three days now. But it's worse than that - the market isn't running. That is, if you put loans up for sale they don't show up so that others can buy them. There's a response to a Q on Ippy saying theyre aware of the interest issue & working to resolve. Really could do with some form of banner on site when such issues arise.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 16, 2015 12:02:59 GMT
According to my spreadsheet all my loans are now up to date. An explanation as to what happened and why such a fundamental fault occurred would be appreciated
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jonah
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Post by jonah on Jun 16, 2015 18:37:24 GMT
I also have more accrued interest today than I had yesterday. Which is nice (was frozen over the weekend).
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tonyr
Member of DD Central
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Post by tonyr on Jun 16, 2015 21:59:51 GMT
I also have more accrued interest today than I had yesterday. Which is nice (was frozen over the weekend). Yeah, seems to be semi fixed now. If you wake up early the answer is right, if not I guess you learn not to trust AC accounting and go elsewhere.
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Post by chris on Jun 17, 2015 9:12:25 GMT
According to my spreadsheet all my loans are now up to date. An explanation as to what happened and why such a fundamental fault occurred would be appreciated A minor database upgrade had silently frozen a service in the background in a state where it reported itself as running but wasn't actually talking to the database. As I'm on holiday last week and this it took a while for people to contact me and get me to kick that part of the system. Simple restart of the service fixed everything and I'll investigate how the service got into that state when I return next week.
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mikeb
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Post by mikeb on Jun 17, 2015 17:35:50 GMT
Yeah, seems to be semi fixed now. If you wake up early the answer is right, if not I guess you learn not to trust AC accounting and go elsewhere. ... which is why I scan them in the morning -- that way the "magic at midnight" that goes on (to update everything) has been applied, and there's little activity that might lead to accrued interest being paid out (yet not deducted) which starts kicking in later in the day. It all balances now, thanks chris.
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