Post by cooling_dude on Oct 19, 2015 9:36:28 GMT
I've got a feeling this is a stupid question; but I'm new to all of this so please be kind with me!
Before I invest any real money in SS, I'm using £500 to get a feel of the process. I put the £500 into PBL33, and was pleased to see it actually earning the quoted 12%, and after 9 days I had earned £1.48. At this point I wanted to sell my loan on the secondary market, just to see what happens. I got my £500 back pretty quick; but what then happens to the £1.48 interest? Have I lost it because I sold the loan, or does it get paid out at the end of the Loan Term?
Thank you for any help
JV
Before I invest any real money in SS, I'm using £500 to get a feel of the process. I put the £500 into PBL33, and was pleased to see it actually earning the quoted 12%, and after 9 days I had earned £1.48. At this point I wanted to sell my loan on the secondary market, just to see what happens. I got my £500 back pretty quick; but what then happens to the £1.48 interest? Have I lost it because I sold the loan, or does it get paid out at the end of the Loan Term?
Thank you for any help
JV
