nei
New Member
Posts: 2 
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Post by nei on Dec 1, 2015 11:58:45 GMT
Hi all,
i am quite new to peer to peer savings. I understand that Drawndawn means that a person who has taken out a loan can take out further loans to finish a venture. Is this why on some of my loans where the check mark yes is in the Drawndawn column, the scheduled repayment date is beyond the original due date sometimes by over a 100 days. For example 2 of the loans are showing up with minus values as in -107 days. I am guessing this is the case but just checking?
thanks in advance
Neil.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Dec 1, 2015 12:13:15 GMT
Hi all, i am quite new to peer to peer savings. I am not new to P2P, but I don't recognise the term. I am very limited in the platforms that have experienced. It might be worth asking in a forum related to your platform if you see it, check more P2x sites near the bottom if it isn't on the home page. If you don't see it, you will need to name the platform and hope someone knows the term. I would be careful thinking of these P2P investments as savings. I think that 2007/08 would have caused widespread losses on many platforms, had they existed, and the government wouldn't have bailed them out.
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SteveT
Member of DD Central
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Post by SteveT on Dec 1, 2015 12:24:46 GMT
I assume you mean "drawn down". This usually is taken to mean simply that a loan has legally completed and the funds have been transferred to the borrower. However it does slightly depend on which platform you are lending.
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blender
Member of DD Central
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Post by blender on Dec 1, 2015 20:00:09 GMT
I assume you mean "drawn down". This usually is taken to mean simply that a loan has legally completed and the funds have been transferred to the borrower. However it does slightly depend on which platform you are lending. Nope, definitely drawn Dawn, as below, (sorry could not resist) 
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nei
New Member
Posts: 2
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Post by nei on Dec 2, 2015 9:36:21 GMT
I guess you will not believe the whole 'draw dawn' thing was a spell checker thing? I did indeed mean drawn down. Thanks for your comment :-)
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