arbster
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Post by arbster on Oct 23, 2015 8:41:55 GMT
Am I mistaken, or is 16403 missing from the FC loan book download? I'd appreciate a second opinion before I send them a moan. Its next payment is 20/11/2015, which suggests it drew down on 20/10/2015, and should be included.
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blender
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Post by blender on Oct 23, 2015 9:26:41 GMT
16403 is not in the loanbook
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Post by goldservice on Oct 23, 2015 9:31:06 GMT
I think that 16403 drew down late last night, which might explain its absence from the loan book if said book is updated in unreal time. It also suggests that borrowers can draw down remotely and out of office hours and not through the Firmly Closed office.
The first repayment date need not be exactly one month from draw down. The repayment date can be fixed when the loan enters pre-payment and is then one month ahead of entering pre-payment. Draw down could still be up to seven days away from entering pre-payment. For example, 16388 was accepted on 20 Oct but the first repayment is 15 Nov.
The above are all a posteriori observations and others may be able to refine this.
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arbster
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Post by arbster on Oct 23, 2015 9:46:16 GMT
Helpful, thanks. And I assume that interest starts to accrue from the date the loan enters pre-agreement, based on the fact that the first month's interest is due one month from that date, not necessarily one month from the acceptance date? If this is true, then it doesn't matter how long it takes the company to accept the offer, we start accruing interest a maximum of 7 days after bidding.
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Post by goldservice on Oct 23, 2015 10:33:26 GMT
No, I have found from experience that a loan can still be rejected even if it has already entered pre-payment. In that case, no interest is paid to the lender. If the loan is accepted then the interest does not necessarily accrue from one month before the first repayment date in the schedule at the pre-payment stage. In practice, the repayment dates after acceptance can be different from the dates displayed during the pre-payment stage.
The first payment will not be 'a maximum of 7 days after bidding.' It will be a maximum of one month after 14 days after the loan is listed.
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arbster
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Post by arbster on Oct 23, 2015 10:46:29 GMT
No, I have found from experience that a loan can still be rejected even if it has already entered pre-payment. In that case, no interest is paid to the lender. Yeah, definitely knew about that one. If the loan is accepted then the interest does not necessarily accrue from one month before the first repayment date in the schedule at the pre-payment stage. In practice, the repayment dates after acceptance can be different from the dates displayed during the pre-payment stage. The first payment will not be 'a maximum of 7 days after bidding.' It will be a maximum of one month after 14 days after the loan is listed. Well, that's clear then. Transparent, my a*se.
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mikeb
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Post by mikeb on Oct 23, 2015 17:15:32 GMT
Well, that's clear then. Transparent, my a*se That would be, as flagged by goldservice, an example of an a posteriori observation
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