dave2
Member of DD Central
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Post by dave2 on Aug 23, 2024 17:22:07 GMT
Just completed the daily reconciliation of my Assets Capital holdings and noticed that the Accrued Interest figure is no longer shown on the main Accounts dashboard, nor is it available for selection in the dashboard settings.
I can obtain total accrued interest for my MLIA loan parts by downloading the .xls of marketplace loans, however the access account accruals are nowhere to be seen.
Hope this is just a temporary glitch, I consider accrued interest to be an accountable asset.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
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Post by ilmoro on Aug 23, 2024 19:55:11 GMT
Just completed the daily reconciliation of my Assets Capital holdings and noticed that the Accrued Interest figure is no longer shown on the main Accounts dashboard, nor is it available for selection in the dashboard settings. I can obtain total accrued interest for my MLIA loan parts by downloading the .xls of marketplace loans, however the access account accruals are nowhere to be seen. Hope this is just a temporary glitch, I consider accrued interest to be an accountable asset. Unless you have no defaults its been a pretty meaningless figure for a long time as hardly any of it will ever be paid (80% in my case) Was the AA figure actually included? - the downloads for the book have never included it. Its not really a measurable figure as it depends on variable factors. Accrued interest isnt an accountable asset for retail as the loans are simple debts IIRC but its still shown for MLA on the loan book page/downloads if required.
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mikeb
Posts: 1,072
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Post by mikeb on Aug 25, 2024 18:14:11 GMT
Hope this is just a temporary glitch, I consider accrued interest to be an accountable asset.
I suspect it was removed as part of the gentle switching-off-of-the-lights process. Hopefully you'll forget how much accrued interest you have -- that way you'll complain less when you never receive it! : 
Seriously though, it IS a figure I note and keep track of. Or did, until it vanished.
Although I suspect ilmoro is correct that it is now a fantasy figure/"paper value" etc. that will never be paid. It's just no one can stop the computer racking up this figure and they don't know how to account for setting it to zero ... so just hide it in a general update and hope no-one notices.
Of course we noticed.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Aug 25, 2024 19:52:01 GMT
Hope this is just a temporary glitch, I consider accrued interest to be an accountable asset.
I suspect it was removed as part of the gentle switching-off-of-the-lights process. Hopefully you'll forget how much accrued interest you have -- that way you'll complain less when you never receive it! :
Seriously though, it IS a figure I note and keep track of. Or did, until it vanished.
Although I suspect ilmoro is correct that it is now a fantasy figure/"paper value" etc. that will never be paid. It's just no one can stop the computer racking up this figure and they don't know how to account for setting it to zero ... so just hide it in a general update and hope no-one notices.
Of course we noticed.
They stopped the computer racking it up several years ago when they started setting the rate to zero for loans in formal recovery & a capital recovery figure below 100%. They should also get rid of the average interest rate which is equally meaningless. In fact there more useless stuff they spend time getting rid off, the longer it will take them to implement annoying unfair stuff like ISA transfer fees.
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Post by spareapennyor2 on Aug 26, 2024 7:39:41 GMT
Accured interest the Bullseye of P2P lets have a look at what you could have earned  |
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Aug 27, 2024 16:56:36 GMT
used to hate it on FC it showed building up then one went pop and a big chunk disappeared, I was pleased when they hid it from view
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on Sept 1, 2024 17:44:52 GMT
I suspect it was removed as part of the gentle switching-off-of-the-lights process. Hopefully you'll forget how much accrued interest you have -- that way you'll complain less when you never receive it! :
Seriously though, it IS a figure I note and keep track of. Or did, until it vanished.
Although I suspect ilmoro is correct that it is now a fantasy figure/"paper value" etc. that will never be paid. It's just no one can stop the computer racking up this figure and they don't know how to account for setting it to zero ... so just hide it in a general update and hope no-one notices.
Of course we noticed.
They stopped the computer racking it up several years ago when they started setting the rate to zero for loans in formal recovery That's interesting, it must be the distribution of loans/accounts you have if it "stopped racking up".
My "Accrued interest" figure was updating and changing up until they removed it!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Sept 1, 2024 19:40:27 GMT
They stopped the computer racking it up several years ago when they started setting the rate to zero for loans in formal recovery That's interesting, it must be the distribution of loans/accounts you have if it "stopped racking up".
My "Accrued interest" figure was updating and changing up until they removed it!
It only stopped racking up for the ones where it would never be paid ie insolvent recoveries... it was still racking up for those where it was expected to be paid & most have. The majority of most accrued is legacy interest on insolvency loans before they turned it off, think Eppy, Ippy ... it would have disappeared when they got kicked into the irrecoverable tab as that doesn't show accrued, so I assume it's zerod & removed
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