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Post by ladywhitenap on Nov 26, 2015 11:34:39 GMT
I've got a few micro loans up for sale at the moment - not something I've done before.
What happens to repayment capital and the interest portion of a microloan advertised for sale but still in my possession on the repayment day please?
Does is get credited to my account as normal or something else?
Thanks in advance
LW
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SteveT
Member of DD Central
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Post by SteveT on Nov 26, 2015 11:48:25 GMT
I've got a few micro loans up for sale at the moment - not something I've done before. What happens to repayment capital and the interest portion of a microloan advertised for sale but still in my possession on the repayment day please? Does is get credited to my account as normal or something else? Thanks in advance LW It is paid to your account as normal. I think some ReBS lenders leave their parts more or less permanently listed on the SM at 5% premiums! [As viperstripes faster response confirms!]
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Post by ladywhitenap on Nov 26, 2015 11:59:00 GMT
Thanks Folks - that saves me from taking them off sale when a repayment is due.
I think I understand the FAQ reply about interest being surrendered now to only apply to the part month interest that would have been due once a microloan has been sold.
LW
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kaya
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Post by kaya on Nov 26, 2015 14:33:05 GMT
Interesting that you are now selling some.... I think the secondary market has pepped up quite a bit recently due to a lot a people getting the jitters. There are now far more loan parts available at sensible mark-ups - or none - if you want them...
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