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Post by cheapaschips on Apr 27, 2020 22:36:06 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%.
Has this happened to anyone else.
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chris1200
Member of DD Central
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Post by chris1200 on Apr 28, 2020 8:03:44 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%. Has this happened to anyone else. There are so many posts asking this exact question in recent threads. Please read them. In short, it's not actually a re-investment, it just looks like one.
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Post by supernumerary on Apr 28, 2020 8:05:33 GMT
Has this happened to anyone else. I haven't experienced this. I have just checked my account and everything is functioning as normal. IMHO, it would be best for you to contact Ratesetter directly. Maybe there was a 'glitch' in their software...
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Post by erniec on Apr 28, 2020 8:48:53 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%. Has this happened to anyone else. Sorry if I am misunderstanding but anything set to relend at 8% is not in the holding account, it’s in the market for relend.
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Post by Ace on Apr 28, 2020 8:49:14 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%. Has this happened to anyone else. There's a good explanation here
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
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Post by johnt on Apr 28, 2020 8:59:49 GMT
Ratesetter really need to change the way their system works to make it clear what's actually happening. This is confusing so many people, myself included.
When money sits in the on market section, you should be allowed to cancel it. If it's a loan rolling over to a new one, it shouldn't be visible in the on market section as it just confuses people.
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Post by cheapaschips on Apr 28, 2020 9:39:39 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%. Has this happened to anyone else. There's a good explanation hereNo, you are right, The money was in the holding account, but my settings for reinvestment were at 8% if it had been in the market, but it was in the holding account and just went into access at 3% on the 27-4. I am confused myself now and have another amount in holding, I will leave that and see what happens.
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one21
Member of DD Central
Posts: 398
Likes: 265
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Post by one21 on Apr 28, 2020 9:47:57 GMT
I may not be understanding something here, but I had my holding account set at 8% relend so I could withdraw it. I noticed £200 had been put into it, it sat there for two days with an 8% instruction set. Today when I go to withdraw it , it appears to have been relent on the 27-4 at 3.00%. Has this happened to anyone else. There are so many posts asking this exact question in recent threads. Please read them. In short, it's not actually a re-investment, it just looks like one. Yes agree check the transaction page and the mist will clear!
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Post by cheapaschips on Apr 28, 2020 16:08:50 GMT
There are so many posts asking this exact question in recent threads. Please read them. In short, it's not actually a re-investment, it just looks like one. Yes agree check the transaction page and the mist will clear! Thanks, I can see clearly now the mist has gone, I can see all obstacles in my way Gone are the dark clouds that had me blind It's gonna be a bright (bright) Bright (bright) sunshiny day Providing my withdrawal goes ahead.
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ashe
Posts: 53 
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Post by ashe on Apr 28, 2020 16:31:34 GMT
Yeah, this is too misleading. I invested a few months ago more than I should have, because I was looking at highly misleading future repayments on what I already had invested.
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Post by p2plender on Apr 28, 2020 23:28:00 GMT
It's just another way RS has blindsided investors this last year or longer. Ultimately using short term financing for long term lending - Northern Rock tried this.
And when there's a run we find Ryhdian and co have been swimming with nowt covering their modesty..
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robski
Member of DD Central
Posts: 772
Likes: 462
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Post by robski on Apr 29, 2020 20:52:10 GMT
It's just another way RS has blindsided investors this last year or longer. Ultimately using short term financing for long term lending - Northern Rock tried this. And when there's a run we find Ryhdian and co have been swimming with nowt covering their modesty.. Its not short term financing, it changed when it stopped being rolling If people couldnt understand that they shouldnt have been in P2P
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