Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jan 18, 2022 8:22:08 GMT
This months payment was due on the 17th January, nothing yet for me. I couldn't log in last night so thought the payment run was happening over night, but nothing this morning. I don't think it has been late before.
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Post by birdie on Jan 18, 2022 8:54:26 GMT
Same for me.
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Post by df on Jan 18, 2022 9:10:54 GMT
The same for me.
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tallsuk
Member of DD Central
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Likes: 125
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Post by tallsuk on Jan 18, 2022 10:03:20 GMT
Here as well. Hopefully this is just a hiccup.
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Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jan 18, 2022 11:06:20 GMT
Looks like someone fed the hamster and the wheels are turning.
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Post by Mr Baggy on Jan 18, 2022 14:09:23 GMT
Mines arrived a little late but correct
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Post by timsykes on Jan 18, 2022 14:44:02 GMT
I've been with Elfin for c. 20 months now, and 'traditionally' my monthly payment will normally arrive a day late. Perhaps there is a degree of variation between different investors etc?
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Post by Ace on Jan 18, 2022 15:02:05 GMT
It's not so much the late payment, but the fact that the account gets in a confused mess around payment time that annoys me.
My Jan interest still hasn't been paid judging by the account total and the Next Payment Date (still 17th Jan). But it sort-of has been paid judging by the fact that my In-queue funds are now negative by more than the due interest. As I say, all a bit of a mess, but it usually settles down and gets sorted in a couple of days.
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Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jan 18, 2022 15:14:36 GMT
I've been with Elfin for c. 20 months now, and 'traditionally' my monthly payment will normally arrive a day late. Perhaps there is a degree of variation between different investors etc? My account has always (whenever I've checked anyway) paid the interest on the specified day, sometimes not until late evening. Some other parts of the account might take a day or two to catch up! Edit: I've been withdrawing interest and this month's is already in my bank account.
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Post by Mr Baggy on Jan 18, 2022 15:49:10 GMT
I've been with them a few months now and my payment is generally a little late.I happy with them at the moment I hope you all have the same view....
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Post by df on Jan 18, 2022 17:19:33 GMT
It's not so much the late payment, but the fact that the account gets in a confused mess around payment time that annoys me. My Jan interest still hasn't been paid judging by the account total and the Next Payment Date (still 17th Jan). But it sort-of has been paid judging by the fact that my In-queue funds are now negative by more than the due interest. As I say, all a bit of a mess, but it usually settles down and gets sorted in a couple of days. The same here. Two pieces of information on the same page saying different things, but I'm sure it will settle soon.
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Post by df on Jan 18, 2022 17:37:50 GMT
I've been with them a few months now and my payment is generally a little late.I happy with them at the moment I hope you all have the same view.... I've used EM for 11 months now and happy with how it goes so far.
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Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jan 18, 2022 18:20:45 GMT
I've been with them a few months now and my payment is generally a little late.I happy with them at the moment I hope you all have the same view.... I've used EM for 11 months now and happy with how it goes so far. Been with them pretty much since the start (23 months) and very happy so far, just a bit curious that the interest run was a day late this month, possibly just the number of borrowers and lenders increasing so processing slowing down a bit. I'm not bothered if payments are slightly delayed, it would be nice if EM flagged it, but P2P lenders are a bit skittish these days! If this is the way it is in future fine.
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Post by df on Jan 18, 2022 20:27:43 GMT
I've used EM for 11 months now and happy with how it goes so far. Been with them pretty much since the start (23 months) and very happy so far, just a bit curious that the interest run was a day late this month, possibly just the number of borrowers and lenders increasing so processing slowing down a bit. I'm not bothered if payments are slightly delayed, it would be nice if EM flagged it, but P2P lenders are a bit skittish these days! If this is the way it is in future fine. I think there is very little, if any, human touch in processing - all done by algorithm. These do go wonky sometimes, but never as bad as human errors 
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Post by overthehill on Jan 18, 2022 22:25:57 GMT
I will be investing in the IFISA next tax year as they don't support transfers, grumble mumble schmucks. It's an altruistic investment and these credit card companies must have plenty of fat to chew on.
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