|
Post by transo on Feb 25, 2014 23:08:16 GMT
As an FC old-timer (I realised that my first loan part is within the first 500 loan parts ever issued on FC!) it's probably long overdue that I went through my statements and actually tallied them all up and worked out which of the loan parts earned me what. I've (with a lot of effort) parsed all of them apart from the cashbacks received on early loans when they were drawn down. The statement entry just reads "Lender promotional cashback" with no link to the loan request or the loan part that earned it.
From the Zopa forum I know the final 0.5% offer ran out at loan 576, but FC no longer seem to have the Ts&Cs for all these offers listed. Can anyone help me with the boundaries for the older offers (3% and 1% IIRC)?
|
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Feb 26, 2014 8:51:51 GMT
I think the earliest cashback was 2%, falling to 1% after a while. When I joined the loan numbers were in the early 200s and the cashback was 0.5% routinely with occasional promotional rates of 1% or 1.5% (usually in late June IIRC).
If you routinely bid the same amount then does it really matter which cashback is which - simply apply all cashback in loan number order until you run out. Cashback promotions started and ended on a specific loan number, so the first cashback that appears on your statement will apply to the highest loan number you held at that time, and although new dollops of cashback will appear in the order loans were drawn down (not necessarily in loan-number order), you will have received cashback on every loan part in number order up until you run out of cashback dollops. If you didn't routinely bid the same amount on each loan, you should be able to work out the loan part from size of your cashback from the size of your bid.
Alternatively, don't view the cashback as associated with a specific loan, see it more as a self-managed provision fund that you can use to cover some of your earliest losses.
|
|