Greenwood2
Member of DD Central
Posts: 4,244
Likes: 2,688
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Post by Greenwood2 on Dec 16, 2021 18:28:32 GMT
No, I haven't done anything and don't intend to until everything is closed out. The, I will transfer the balance out. I did receive an email quoting the following though. "If you had any money in the queue, this will also have been directed to your holding account". You might as well remove as much as you can as soon as possible, why leave it there gaining no interest? ISA excepted obviously.
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Post by birdie on Dec 21, 2021 10:22:55 GMT
Although I have over 200 loans left I have had no interest payments since the start of the big sell off.
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Post by mfaxford on Dec 21, 2021 12:08:18 GMT
Although I have over 200 loans left I have had no interest payments since the start of the big sell off. I have had a bit of interest added although not much. I don't know how it looks these days but there used to be a couple of points in the month that were more popular for repayments. So whilst you might expect the loans to evenly spready over the month in terms of repayments they probably aren't. Also as a general rule of thumb I think you get a higher proportion of interest at the start of the loan so as we're left with older loans now any repayments are likely to be mostly capital repayment rather than interest. (You should at least see your holding account balance increase). Looking at my notes since yesterday morning my holding account increased by almost £2, but the interest was only 7p.
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Post by barnsleybiker on Dec 21, 2021 12:18:53 GMT
have less than 500 quid left in now, 99.9% released then instantly removed by me!
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trium
Member of DD Central
Posts: 379
Likes: 298
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Post by trium on Dec 22, 2021 18:01:50 GMT
They very quickly took two-thirds of my loans (but only one-third of my lates) and I suddenly have an almost zero income stream from this platform. The main gripe from me - what happened to the accrued interest so far this month? In normal times the buyer gets that. Not sure that should apply while Zopa is the buyer
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Post by fuzzyiceberg on Dec 23, 2021 11:40:05 GMT
Zopa will not be doing us any favours. They will be keeping the accrued interest and no doubt targetted the loans with the most accrued interest for purchase first.
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