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Post by bgreenwood2000 on Aug 20, 2019 21:07:20 GMT
Can anyone work out how to change your relending option on Rolling? You can choose between lending capital and interest or just capital, but always into rolling - you can't put it into another market, as you can with the others. Can choose the rate.
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aju
Member of DD Central
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Post by aju on Aug 20, 2019 22:56:15 GMT
I'm not sure that the relending on Rolling has changed. I think it's that way as you can withdraw to holding any time you like without fees. That said I'm sure I did see it when I first started on RS about 6 months ago you could move interest out but Capital stayed. I've also seen others mention that it's not returning money as quickly but that's not from experience just people's comments on this forum. Mind you the amount of changes recently and the fact it feels like testing is not very thorough there is a good chance its changed in error. Perhaps RateSetter has a view on that assuming they are even listening - someone from ratesetter seems to login to here every couple of weeks at least but they may not say anything!. Actually just checked the profile for RateSetter and they were "Last Online: Aug 13, 2019 at 8:48am". Edit: just reading over my answer and checking rolling again you can relend capital only which by definition leaves interest in the holding account. Not quite what you want I think as you have to login and move it where you want I guess.
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Post by bgreenwood2000 on Aug 21, 2019 10:28:17 GMT
Thanks - I've never used rolling before, so I don't know if this is a change, or how it's always been. Maybe the latter! I assumed that with rolling you were tying up your money for a month at a time and had the option to either let it roll over or take it all out. Clearly that's not how it works - good job it's only £50 I put in there as the rate is so . Maybe I'll just take it out and put it somewhere else - I can do that without penalty, can't I?
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Aug 21, 2019 15:37:07 GMT
I assumed that with rolling you were tying up your money for a month at a time and had the option to either let it roll over or take it all out. That's how it used to work until after one of the many changes, some more recent than others.
Capital invested in Rolling now remains invested until the end of the loan and at the same rate. RS would argue that it continues to roll by being reinvested each month at the same rate.
You could try a (fee-free) RYI on the day *after* your loan 'rolls' as some have reported that works but it's not something I have ever tried.
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Post by propman on Aug 21, 2019 16:28:06 GMT
Thanks - I've never used rolling before, so I don't know if this is a change, or how it's always been. Maybe the latter! I assumed that with rolling you were tying up your money for a month at a time and had the option to either let it roll over or take it all out. Clearly that's not how it works - good job it's only £50 I put in there as the rate is so . Maybe I'll just take it out and put it somewhere else - I can do that without penalty, can't I? The only penalty is that you cannot make new offers in Rolling for 14 days after a withdrawal.
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Post by bgreenwood2000 on Aug 22, 2019 10:48:43 GMT
Thank you.... only problem now is I can't see how to withdraw from Rolling but leave the rest there - anyone know? I've clicked down every possible route I can find. I come to a screen with two big green buttons, one saying Release Investment, and the other Withdraw to bank account. It looks as though if I click on the left one it will release from all 3 markets, which is not what I want.
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st182
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Post by st182 on Aug 22, 2019 11:29:51 GMT
Main Page > Withdraw > Release investment?
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st182
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Post by st182 on Aug 22, 2019 11:32:50 GMT
Sorry didnt finish that
you can select from which market and how much you wish to release using the release investment button.
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Post by bgreenwood2000 on Aug 24, 2019 6:55:01 GMT
Brilliant, thank you.
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mikeb
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Post by mikeb on Aug 25, 2019 16:57:07 GMT
I wonder how many of us have clicked that (non-)link.
Some webmaster at RS diligently perusing their web logs for 404's will be wondering what the hell is going on ...
As if anyone at RS would be diligently looking at web logs for 404s. What a ridiculous idea! I even considered giving in and lending at market rate/suggested, because at that moment, it was offering 5.8%. As soon as I clicked through the 5 year market at 5.8%, I was asked to "Confirm you want to lend that amount at 3.?% rolling?". No I don't.
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slippery
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Post by slippery on Aug 29, 2019 0:43:41 GMT
Similar issue for me. I had given up on trying to reinvest, weary of being bumped to non-existent pages. Then I was notified today of an early repayment of a 5 year 6% loan, so thought I would have another go at reinvesting as the 5 year rate was 5.8/5.9%. It just kept asking me to confirm that I was investing at rolling 2.7%.
When I reported my issues earlier this month I got what I assume is the stock customer service reply that they were informing the "relevant team" of the issues. No suggestion that the "relevant team" would be doing anything to resolve them.....
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Post by propman on Aug 29, 2019 7:44:35 GMT
Similar issue for me. I had given up on trying to reinvest, weary of being bumped to non-existent pages. Then I was notified today of an early repayment of a 5 year 6% loan, so thought I would have another go at reinvesting as the 5 year rate was 5.8/5.9%. It just kept asking me to confirm that I was investing at rolling 2.7%.
When I reported my issues earlier this month I got what I assume is the stock customer service reply that they were informing the "relevant team" of the issues. No suggestion that the "relevant team" would be doing anything to resolve them..... If you are using IE it no longer works, but Firefox and Chrome (and I assume Edge) do...
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Post by paultw5 on Aug 29, 2019 20:34:06 GMT
Similar issue for me. I had given up on trying to reinvest, weary of being bumped to non-existent pages. Then I was notified today of an early repayment of a 5 year 6% loan, so thought I would have another go at reinvesting as the 5 year rate was 5.8/5.9%. It just kept asking me to confirm that I was investing at rolling 2.7%.
When I reported my issues earlier this month I got what I assume is the stock customer service reply that they were informing the "relevant team" of the issues. No suggestion that the "relevant team" would be doing anything to resolve them..... Same thing happens to me on the iPad (safari), all options go to the rolling market, I have to fire up my home PC using chrome and it's OK.... Pain in the Arsenal.
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travolta
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Post by travolta on Aug 30, 2019 9:16:34 GMT
I feel your pain . This is what works for me ...and having knuckled down and concentrated,it WORKS. Change to Chrome:
Problem : To invest at 6% on a 5 year mkt presently offering say ..5.6. (or any other similar situation on the other markets)
Click on the left hand column offering 5.6 in 5 yr market ...it will illuminate the 5 year box..... click on the amount you have added to the amount box first then click on invest (this is important) .....
Click on the little red pen...this will show you a list of rates .YOU HAVE TO SCROLL THIS UP to find a box where you can insert your rate by operating the plus or minus signs .
The rest is easy . Good luck.
Actually I am now finding the new system very good . Its a bit like brexit .We hate change .We dont like being told what to do. Brits will dig their heels in and complain for England . We all need beating.
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Post by propman on Aug 30, 2019 12:01:21 GMT
...Actually I am now finding the new system very good . Its a bit like brexit .We hate change .We dont like being told what to do. Brits will dig their heels in and complain for England . We all need beating. While we are in an optimistic Friday move, I do like that when you adjust the rate it tells you where you will be placed in the queue (although in micro-type underneath).
as for Brexit, I fear we haven't seen the half of it. I expect a deluge of gripes after the implementation about everything that is imposed.
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