benaj
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Post by benaj on Jan 13, 2021 10:14:22 GMT
My statement for December 2020 is still not available, only goes up to November in the dropdown list 2020. It makes us wonder why? Lockdown? Technical issues? Transaction history is available for Dec 2020 and Jan 2021.
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benaj
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Post by benaj on Jan 13, 2021 10:15:52 GMT
BREAKING NEWS
Transaction.csv now has new headings
ID / Date/ Loan ID / Type / Description / Amount / Affected wallet
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Post by fooledagain on Jan 13, 2021 11:35:20 GMT
Thanks for this update. Just downloaded mine and I can no longer see loan received values, only value of shield adjustment. Very worrying.
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scooter
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Post by scooter on Jan 13, 2021 13:09:33 GMT
Thanks for this update. Just downloaded mine and I can no longer see loan received values, only value of shield adjustment. Very worrying. Agreed. I just found the same thing. I emailed them. Awaiting response
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scooter
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Post by scooter on Jan 13, 2021 13:16:02 GMT
Thanks for this update. Just downloaded mine and I can no longer see loan received values, only value of shield adjustment. Very worrying. Agreed. I just found the same thing. I emailed them. Awaiting response Also, Shield Contributions are positive... am I confused? Interest was always positive so SC should be negative....
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Post by fredblogs on Jan 13, 2021 21:14:23 GMT
Just received statements for December. The classic is wrong again. This time it says they have paid £90 in positive interest and taken £350 in shield contribution. The shield contribution (capital loss) is probably right, but they certainly haven't paid any positive interest. That's two months in a row they have got the statements wrong. You all need to check these figures they seem to be just making them up!
Putting that aside. A bogus looking positive LW review has just appeared on Trustpilot from somebody called Peter Harding. Isn't that a coincidence, the chairman of LW is Nick Harding.
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69m
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Post by 69m on Jan 14, 2021 0:34:03 GMT
The data currently coming out of LW is utter garbage.
Having waited almost a fortnight for the December statement, it eventually arrived with a spurious positive Interest Received figure (which should be zero according to the December transactions download).
More concerningly, LW has retrospectively changed both the November statement and the November transactions download (which is why the Balance Brought Forward on the December statement looks wrong). For my account, the Shield Contributions on the revised November statement and the revised November transactions download differ from each other, and neither agrees with the originally-reported amount.
I've raised these issues with LW.
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morris
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Post by morris on Jan 14, 2021 8:08:14 GMT
Paying interest on my classic account but none on my much larger ISA account!
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mogish
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Post by mogish on Jan 14, 2021 12:25:35 GMT
Paying interest on my classic account but none on my much larger ISA account! Lucky you! I've recieved no interest for months. Still waiting on a response to a complaint made on 14 dec. Roll on the day I manage to leave these incompetents.
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Post by supernumerary on Jan 14, 2021 12:56:42 GMT
Just received statements for December. The classic is wrong again. This time it says they have paid £90 in positive interest and taken £350 in shield contribution. The shield contribution (capital loss) is probably right, but they certainly haven't paid any positive interest. That's two months in a row they have got the statements wrong. You all need to check these figures they seem to be just making them up! The data currently coming out of LW is utter garbage. Having waited almost a fortnight for the December statement, it eventually arrived with a spurious positive Interest Received figure (which should be zero according to the December transactions download). More concerningly, LW has retrospectively changed both the November statement and the November transactions download (which is why the Balance Brought Forward on the December statement looks wrong). For my account, the Shield Contributions on the revised November statement and the revised November transactions download differ from each other, and neither agrees with the originally-reported amount.
financial-dictionary.thefreedictionary.com/Arbitrary+ValueYesterday, I saw my December statement for the first time. It may have been available before then, as I don’t keep checking every day. TODAY, my December statement has ominously DISAPPEARED… 
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Post by tommycatz on Jan 15, 2021 10:55:35 GMT
So far for January, my shield adjustment contributions % is 16.99%.
With this week being a large repayment week.
I suspect LW will have to rebrand to leave the negative reviews behind.
Why do lenders have to request to look at their statements? Is this another way to turn off the tap of information?
Unfortunately, as LW is a small fish in the P2P pond, not many folk are interested in the current situation unless your an investor.
If AC or RS treated their lenders like this, their would be more headlines.
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Post by mw on Jan 15, 2021 13:26:45 GMT
BREAKING NEWS Transaction.csv now has new headings ID / Date/ Loan ID / Type / Description / Amount / Affected wallet I have just downloaded transactions for December 2020, again, but now in this new format. Transactions on my earlier download which were dated 31 December 2020 have not been included. So there seems to be be some sort of "date cut-off" problem. This is not good, the new transaction report is not including all transactions. Furthermore, the transactions no longer disclose the "Chunk ID", although they do disclose the "Loan ID". The loan book downloads disclose both "Chunk ID" and "Loan ID", so I hope it will still be possible to match transactions against the loan book. I do wonder what LW's review process has been before releasing the new report. I look forward to receiving the December 2020 statement, which is still not available.
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benaj
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Post by benaj on Jan 15, 2021 13:37:42 GMT
Does anyone know when the quickdraw facility will be back to normal? I know it's early 2021, I assume some normality could return once lending return to normal?
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Post by EJi on Jan 15, 2021 13:53:52 GMT
Does anyone know when the quickdraw facility will be back to normal? I know it's early 2021, I assume some normality could return once lending return to normal? Their last update said not until at least March 31st.
"As previously communicated, the secondary market for loan sales is currently unavailable, and we are required to extend this element of the Normalisation Period for a further 3 months, until 31 March 2021. The principal reason for this extension is to avoid significant charges in relation to the difference in rates between the selling and buying investor(s) as a result of current negative interest rates.
However, we expect the negative interest rates will have reduced substantially by 31 March 2021 and we will be in a position to re-open the secondary market at that point."
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mogish
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Post by mogish on Jan 16, 2021 13:51:17 GMT
I spoke to them on thursday and was told an update will be published end of January.
Still no confirmed date when we can sell loans.
Apparently most of their investors are re investing!!
Good I can get my cash back quicker then😁
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