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Post by stevepn on Dec 15, 2020 10:05:10 GMT
My Access terminates tomorrow. Hopefully it is correct and not a glitch.
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
Likes: 53
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Post by bt on Dec 15, 2020 10:10:34 GMT
My Access terminates tomorrow. Hopefully it is correct and not a glitch. How did you find out? Was it all in property loans, as you seem further back down the queue ?
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Post by stevepn on Dec 15, 2020 11:44:29 GMT
My Access terminates tomorrow. Hopefully it is correct and not a glitch. How did you find out? Was it all in property loans, as you seem further back down the queue ? Yes it is all in property loans.
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Post by capricorn on Dec 15, 2020 14:39:36 GMT
I phoned them to ask what is going on. All I could get was "we'll look into it and get back to you via e-mail ..... we've had a lot of enquiries about this". I asked if the 1 year was being closed but there was no answer to that so who knows. I can't believe they would close the 1 year without some advance notice. Probably a system problem is my guess.
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Greenwood2
Member of DD Central
Posts: 4,243
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Post by Greenwood2 on Dec 15, 2020 15:38:57 GMT
It's not just that they've changed the display. The way amortising loans seem to work is that all capital is (apparently) repaid each month and then most of it re-lent immediately. Maybe most of the capital outstanding will re-appear the next day. I seem to have a load with different payment dates (in Max), showing full re-payment and no future payment dates. I hope they are all repaying completely on the next payment date!
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Dec 15, 2020 17:18:52 GMT
i do not think it matters too much as it would suggest all the money is coming back. much, much sooner than we thought (at least many of us). I would suggest this is a result
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Dec 15, 2020 19:02:14 GMT
I've literally just checked and all my 1yr contracts (all are in my ISA) are now due to repay tomorrow. Am sure it wasn't the case this morning, when as I recall only a couple were due.
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morris
Member of DD Central
Posts: 261
Likes: 149
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Post by morris on Dec 16, 2020 7:42:45 GMT
1 year money has not been moved to holding account. Still sat there with todays date shown.
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
Likes: 53
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Post by bt on Dec 16, 2020 8:47:26 GMT
1 year money has not been moved to holding account. Still sat there with todays date shown. Often loans on ‘0’ come later in the day. And sometimes only the interest comes that day, with the capital following a few days later.
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trevor
Member of DD Central
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Post by trevor on Dec 16, 2020 13:24:09 GMT
All my 1yr loans have been repaid.
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Post by investor1925 on Dec 16, 2020 13:37:50 GMT
My last bit has been repaid & sent to my bank. I'm now out of RS completely, having made a profit on the way.
Sadly, I can't say that about all the other P2P platforms. Time will tell which of the others end in the black
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Dec 16, 2020 14:34:57 GMT
All my 1yr loans have been repaid. Mine too. 18 contracts in all, of varying smallish amounts. Just over £1k in total.
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ceejay
Posts: 971
Likes: 1,149
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Post by ceejay on Dec 16, 2020 15:02:36 GMT
Fascinating. Where have they all gone?
I got rid of my last 1Y loan a little while ago, so haven't participated in today's party. Does this mean that the 1Y market is now defunct?
I still have access to it, although I don't have any holding funds to be able to try a test investment. I see around £5M on the market from lenders, though - are all these loan offers about to be cancelled, too?
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Dec 16, 2020 15:17:44 GMT
my funds are largely back.
shame ratesetter can not shine any light on this - quite shambolic really. it is a good thing and they don't even say a word. their investor team also seem unaware of anything regarding this.
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Post by jockstrap on Dec 16, 2020 15:29:46 GMT
My 1 year catalogue has also been cleared, just waiting now for this unexpectedly released cash to find its way back to my bank...
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