alanh
Posts: 556
Likes: 560
|
Post by alanh on Apr 14, 2020 8:15:51 GMT
I've just noticed I've got a cash balance building up on LC - it looks like repayments are no longer being reinvested?
Anyone else got this?
|
|
qwakuk
Member of DD Central
Posts: 241 
Likes: 89
Member is Online
|
Post by qwakuk on Apr 14, 2020 8:59:18 GMT
I've just noticed I've got a cash balance building up on LC - it looks like repayments are no longer being reinvested? Anyone else got this? Fairly certain i got an email a couple of weeks ago Been transferring out the cash and doing an isa transfer from the cash in the isa
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Apr 14, 2020 9:02:21 GMT
I've just noticed I've got a cash balance building up on LC - it looks like repayments are no longer being reinvested? Anyone else got this? Yep, qwak is right. From an e-mail a while back: Dear handsome robot,
The ongoing coronavirus (Covid-19) outbreak is impacting all our lives. Due to the rapidly changing nature of the situation, and in order to meet our regulatory obligations to treat our customers fairly, we have temporarily switched off the automatic reinvestment feature of your account.
This is to allow all our lenders time to suitably assess their portfolio allocation and decide whether or not they want to have monthly borrower repayments automatically reinvested into loan parts.
|
|
alanh
Posts: 556
Likes: 560
|
Post by alanh on Apr 14, 2020 9:20:47 GMT
I've just noticed I've got a cash balance building up on LC - it looks like repayments are no longer being reinvested? Anyone else got this? Yep, qwak is right. From an e-mail a while back: Dear handsome robot,
The ongoing coronavirus (Covid-19) outbreak is impacting all our lives. Due to the rapidly changing nature of the situation, and in order to meet our regulatory obligations to treat our customers fairly, we have temporarily switched off the automatic reinvestment feature of your account.
This is to allow all our lenders time to suitably assess their portfolio allocation and decide whether or not they want to have monthly borrower repayments automatically reinvested into loan parts. Ah yes - found it in the depths of the inbox, missed that one Thanks
|
|
IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
|
Post by IFISAcava on Apr 14, 2020 10:44:20 GMT
I've just noticed I've got a cash balance building up on LC - it looks like repayments are no longer being reinvested? Anyone else got this? Yep, qwak is right. From an e-mail a while back: Dear handsome robot,
The ongoing coronavirus (Covid-19) outbreak is impacting all our lives. Due to the rapidly changing nature of the situation, and in order to meet our regulatory obligations to treat our customers fairly, we have temporarily switched off the automatic reinvestment feature of your account.
This is to allow all our lenders time to suitably assess their portfolio allocation and decide whether or not they want to have monthly borrower repayments automatically reinvested into loan parts. "Handsome Robot"?!
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Apr 14, 2020 12:02:05 GMT
Yep, qwak is right. From an e-mail a while back: Dear handsome robot,
The ongoing coronavirus (Covid-19) outbreak is impacting all our lives. Due to the rapidly changing nature of the situation, and in order to meet our regulatory obligations to treat our customers fairly, we have temporarily switched off the automatic reinvestment feature of your account.
This is to allow all our lenders time to suitably assess their portfolio allocation and decide whether or not they want to have monthly borrower repayments automatically reinvested into loan parts. "Handsome Robot"?! What can I say, they have taste 
|
|
