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Post by giordanrivera on Jun 2, 2015 23:22:26 GMT
Hi,
I'm planning on selling a few bits but I'm just wondering what happens to the interest I have accrued once the parts are sold.
Thanks guys!
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428 
Likes: 1,212
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Post by sqh on Jun 3, 2015 0:20:53 GMT
Hi, I'm planning on selling a few bits but I'm just wondering what happens to the interest I have accrued once the parts are sold. Thanks guys! For loan parts that have drawndown you will receive interest up until the day you sell. It's paid on the last day of the month, so if you sell today you get 2 days interest paid on June 30th. For loan parts that haven't drawndown you will still receive interest up until the day you sell. Interest owed up to the last day of the previous month will be paid on drawdown, and dated last day of the month. Interest for the month of drawdown will be paid at the end of that month.
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Post by roedvin on Jun 4, 2015 14:07:08 GMT
The question was, what happens with his interests. There are a lot of possibilities. For example he can carry it to a restaurant and have a good time. Or he will buy new shoes for his wife.  |
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