oldgrumpy
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Post by oldgrumpy on Nov 26, 2014 15:05:13 GMT
Having read the progress email today regarding a move to invoice discounting facilities, does anyone know why Tranches 1 and 2 have been removed from the site? I thought I would find them on the repaid loans page.
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mikes1531
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Post by mikes1531 on Nov 26, 2014 15:24:16 GMT
Having read the progress email today regarding a move to invoice discounting facilities, does anyone know why Tranches 1 and 2 have been removed from the site? I thought I would find them on the repaid loans page. They haven't been removed from my view of the site. But the first two tranches weren't titled 'Gr**n D**l B**ler Installer', they were titled with the first part of the name of the company. Look at Loans #28 and #31.
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oldgrumpy
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Post by oldgrumpy on Nov 26, 2014 15:59:23 GMT
mikes1531Thank you, Mike. I'd better go and have my daily dose now! 
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niceguy37
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Post by niceguy37 on Nov 26, 2014 16:45:08 GMT
I'd been very pleased with myself for managing to sell of #63 and buy up #58, which I consider to have stronger security.  Now it looks as though #58 will be repaid early!  |
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Post by Ton ⓉⓞⓃ on Nov 26, 2014 16:51:00 GMT
I'd been very pleased with myself for managing to sell of #63 and buy up #58, which I consider to have stronger security. Now it looks as though #58 will be repaid early! This morning seeing that they're now at 2 & 3 months from full repayment I was losing my nerve and started selling down, then email was sent. I've stopped doing that now... IN EDIT I, just by chance, saw that there was £50 available on the 'AM' I picked up £10 so that means only five others are looking for this!!! That's why I'm filling up so fast(19.17)
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mikes1531
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Post by mikes1531 on Jan 12, 2015 22:04:40 GMT
I see that Tranche 3 (#58) was repaid today. What I don't understand is why there was one capital repayment and TWO interest payments. Anybody have any ideas? According to the Repayments tab, the second payment was about a third of the size of the first one. In my case, however, the second one was tiny -- about a thirtieth of the size of the first one. My guess would be that the first payment covered one period and the other covered a later period, and what I received reflected the fact that I had been reducing my holding of this loan as it became clear it was going to be repaid. But it would be nice to know for sure what was going on. chris? davidricketts1? |
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Post by chris on Jan 12, 2015 22:21:38 GMT
It's an artefact from the way the system handles abnormal time periods, such as rolling together interest - in this instance because of an early repayment one of the payments was for 19 days (off the top of my head). Because the ownership of the loan could vary between periods they're currently treated separately although I may work on a way of merging them later if it helps reduce confusion.
Your guess about your reduced holding and the payments being for different time periods is correct.
Edit: looking in the back office the payments have been split again by the admin team into one for 2 weeks and one for 5 days. So the system processed it in that way.
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Now it looks as though #58 will be repaid early! 
