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Post by mrscustard on Oct 19, 2020 12:52:09 GMT
Thank you, everyone. Evidently not much I can do about it except be grateful (!) for what ive already been able to get out and keep trying.
I did wonder whether it had been spotted by RS that i had been withdrawing fairly steadily and they'd somehow limited things, but who knows.
Mrs Custard
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Post by Badly Drawn Stickman on Oct 19, 2020 13:40:14 GMT
Thank you, everyone. Evidently not much I can do about it except be grateful (!) for what ive already been able to get out and keep trying. I did wonder whether it had been spotted by RS that i had been withdrawing fairly steadily and they'd somehow limited things, but who knows. Mrs Custard I am fairly certain RS is not sentient in that way. If you log in to your account and clink on the pink? text for your Plus account. You will then see on loan, click on that Use the drop down arrow, and pick Your money on loan This will show a list of repayments. With plus they tend to fall into two categories (which may explain your problem) These will be existing loans and new loans. Chances are the ones in your new loans are effectively I year with interest and capital repaid at term. The existing loans are more likely the ones that pay monthly so the repayment dates will tell you when to expect payments of interest and part of the capital. You only mentioned plus but if you have others the same basic principle for dates applies.
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coogaruk
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Post by coogaruk on Oct 19, 2020 13:47:16 GMT
Could also be the PF is no longer paying loans back in full, just paying payments as they fall due. Don't think that's due to kick in until the 29th.
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Post by greenstar on Oct 19, 2020 14:18:43 GMT
I joined the 'set your interest rate high and withdraw any repayments asap' clan some time ago. Seems to work very well and if I keep going for a year (boosted by a couple of early repayments) I will be getting back a good chunk of my money.
On the matter of 'timing' raised in this thread a couple of months ago, I have noted that repayments go into my accounts between midnight-3am (ie very early on the day you expect the payment). So I've found it best to withdraw the money between 3am-8am to be sure to get it. You can leave it till later in the day but on one occasion when I did this the money magically got reinvested(apparently) even with the interest rate set high.
As regards the couple of early repayments I've received (for largish amounts of money), these just seemed to appear at in my account at random times on random days. So I go into the account at least once a day to see if anything has magically appeared, hoping for a present! My only gripe is having to tediously logon to four P2P accounts daily, presumably for the next couple of years, to try to scrape back my money. On the plus side the money seems safe, for the time being anyway.
This whole saga reminds me of taking something back to a shop for a refund and that great sense of happiness as the money is handed back to you. Then as you walk out of the shop you remember that it was your money anyway.....
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Post by nicodeemas on Oct 20, 2020 9:49:21 GMT
Could it not be that the size of your loan portfolio has reduced as some loans have been paid off therefore leading to less interest and capital repayments? I was expecting that. But from March-September my weekly withdrawals were broadly similar. Octobers have been about half. I guess I could have got lucky with some early repayments, but it does seem a bit odd. Hello I have experienced the same as Mrs Custard, since 1st October my withdrawals have been about half. Any one else having the same thing happening?
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littleoldlady
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Post by littleoldlady on Oct 20, 2020 12:19:18 GMT
Has anyone worked out a way of analysing their orders to create a timeline of expected repayments?
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bt
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Post by bt on Oct 20, 2020 13:41:44 GMT
Has anyone worked out a way of analysing their orders to create a timeline of expected repayments? Go to your account, click total, select month, press view. Then click download and open it in Excel. Make a new column dividing the amount by the months remaining to get a ROUGH idea of the payment. Then total it all up in a pivot table. Simples 
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Post by herringbone on Oct 20, 2020 13:45:47 GMT
I was expecting that. But from March-September my weekly withdrawals were broadly similar. Octobers have been about half. I guess I could have got lucky with some early repayments, but it does seem a bit odd. Hello I have experienced the same as Mrs Custard, since 1st October my withdrawals have been about half. Any one else having the same thing happening? The opposite in my case: out of the eight loans I had at the beginning of October (four in Access, four in 1yr), three of my 1yr loans have repaid early. And there are still ten days left in the month 
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littleoldlady
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Post by littleoldlady on Oct 20, 2020 13:59:34 GMT
Hello I have experienced the same as Mrs Custard, since 1st October my withdrawals have been about half. Any one else having the same thing happening? The opposite in my case: out of the eight loans I had at the beginning of October (four in Access, four in 1yr), three of my 1yr loans have repaid early. And there are still ten days left in the month These loans (edit: I only know about Access) have probably not been repaid by the borrower - on the contrary they have gone 4 months overdue so have been "defaulted" in the sense that the PF has paid out. However that will stop in a few days so there will be no (or very few) early "repayments".
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Post by herringbone on Oct 21, 2020 9:10:19 GMT
The opposite in my case: out of the eight loans I had at the beginning of October (four in Access, four in 1yr), three of my 1yr loans have repaid early. And there are still ten days left in the month These loans have probably not been repaid by the borrower - on the contrary they have gone 4 months overdue so have been "defaulted" in the sense that the PF has paid out. However that will stop in a few days so there will be no (or very few) early "repayments". To be fair, 'possibly' would be a better word than 'probably.' The 1yr loans were all non-amortising, so there wouldn't have been any missing payments, unless I'm misunderstanding something.
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littleoldlady
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Post by littleoldlady on Oct 21, 2020 16:42:36 GMT
These loans have probably not been repaid by the borrower - on the contrary they have gone 4 months overdue so have been "defaulted" in the sense that the PF has paid out. However that will stop in a few days so there will be no (or very few) early "repayments". To be fair, 'possibly' would be a better word than 'probably.' The 1yr loans were all non-amortising, so there wouldn't have been any missing payments, unless I'm misunderstanding something. Yes, I'm only in Access and was referring to those loans and have edited my post. i suppose it's also possible that some borrowers are repaying their loans with the cash from CBILS, although I am not sure if that's allowed.
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adrian77
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Post by adrian77 on Oct 22, 2020 11:21:13 GMT
very good point - I also wondered if borrowers are getting loans from cheaper sources and paying down their RS loans
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littleoldlady
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Post by littleoldlady on Oct 22, 2020 13:57:14 GMT
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Post by steve2206 on Oct 25, 2020 14:29:02 GMT
Hi. I have 20k invested in a single loan in an access account. I am 4000 and something in the queue. The loan states it is a 12 month interest only loan due to expire mid November. The borrower's initial loan amount was 100k and has an outstanding balance of 100k. As suggested by others here, I have custom set the rate of interest to 8%. Is there any chance at all of seeing my money next month?
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Post by Badly Drawn Stickman on Oct 25, 2020 14:37:00 GMT
Hi. I have 20k invested in a single loan in an access account. I am 4000 and something in the queue. The loan states it is a 12 month interest only loan due to expire mid November. The borrower's initial loan amount was 100k and has an outstanding balance of 100k. As suggested by others here, I have custom set the rate of interest to 8%. Is there any chance at all of seeing my money next month? Almost certainly, really nothing to worry about. And on the day it says (if not before) so you can be ready to pounce if you are at all concerned.
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