ribs
Probably not James Marshall
Posts: 148 
Likes: 151
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Post by ribs on Jan 4, 2015 9:19:51 GMT
Hi,
I'm probably being dumb.
On the ratesetter.com main site, it states "we charge our lenders nothing"
However, I'm being charged "ratesetter lenders fee" when I look at my account history.
The two seem to contradict, unless I'm missing something.
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Post by oldatheist on Jan 4, 2015 10:28:38 GMT
The fees were dropped for contracts formed after 1st May 2014. 3 and 5 year contracts formed before that date will still be showing fees.
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Post by westonkevRS on Jan 4, 2015 15:34:46 GMT
And just to add, even for the old contract the fees shown in member's account history was in addition to the rate they obtained. It was all a bit pointless, but the rates advertised and lent at were then increased with a "lender fee" which was then netted off. The net effect was zilch but a sum of confusion. Hence why we removed them.
So really on the lender rates achieved there never has been a fee, and certainly isn't now. Eventually when all those old accounts are paid any reference lender fees will be in the dustbin of RateSetter's history.
Kevin.
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ribs
Probably not James Marshall
Posts: 148
Likes: 151
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Post by ribs on Jan 4, 2015 16:45:51 GMT
Thanks for the responses and clearing that one up for me.
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