sam i am
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Post by sam i am on Feb 28, 2016 20:10:32 GMT
Actually it doesn't work that way. The interest shown is the total interest accumulated against those particular loan parts for all time. Note that the total interest you have accumulated for each loan is split across the different tabs depending on the status of each part i.e. whether it is live, repaid, selling or sold. If you add the total of each of the tabs you will get the total of all interest you have accumulated for all time. Edit: Crossed with cooling_dude. He's always quick on the draw. We had 45 min to answer his qustion, so I'm not that quick  ... but 2 minutes quicker than me and that's what counts 
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goopy
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Post by goopy on Feb 28, 2016 20:21:39 GMT
I assume that on the 1st. of each month the interested shown against each loan is reset to zero when the intersted is paid into our accounts?
No. Each loan shows the TOTAL interest that you have received since you started investing in that loan. It does not reset to 0. Not so easy to track your interest for each month then. Is there anywhere you can get a running total for each month on each loan part or do you have to subtract the interest already earned?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 28, 2016 20:28:21 GMT
No. Each loan shows the TOTAL interest that you have received since you started investing in that loan. It does not reset to 0. Not so easy to track your interest for each month then. Is there anywhere you can get a running total for each month on each loan part or do you have to subtract the interest already earned? At the end of each month you could export your investments to excel. Would be quite a simple sheet to set up to show what you have earned from month to month, and much more besides this.
There is also your transaction page. On here you can go to "tax statements", and set up the dates to show exsacley what interest you got within that date range.
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goopy
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Post by goopy on Feb 28, 2016 20:36:28 GMT
Thanks for that Dude, very helpful. |
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Post by uncletone on Feb 28, 2016 20:50:29 GMT
No. Each loan shows the TOTAL interest that you have received since you started investing in that loan. It does not reset to 0. Pity Assuming you are looking for the interest paid for the previous month, that would be under My Account > Transactions.
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Post by highlandtiger on Mar 1, 2016 9:56:13 GMT
Just noticed that the Feb interest payments have not gone through.  Has the 29th of Feb confused SS 's accounting software. Anyone else still waiting, or is it just the usual wait and eventually it'll arrive thingy. |
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sam i am
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Post by sam i am on Mar 1, 2016 9:57:49 GMT
Just noticed that the Feb interest payments have not gone through. Has the 29th of Feb confused SS 's accounting software. Anyone else still waiting, or is it just the usual wait and eventually it'll arrive thingy. I think it's usually late morning on the 1st of the month that interest goes through.
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Liz
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Interest
Mar 1, 2016 10:03:06 GMT
via mobile
Post by Liz on Mar 1, 2016 10:03:06 GMT
We are all doomed!!! I'm selling everything As above, 1st or 2nd is the usual for interest to be paid. |
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locutus
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Post by locutus on Mar 1, 2016 10:09:08 GMT
We are all doomed!!! I'm selling everything As above, 1st or 2nd is the usual for interest to be paid. Reminds me of the market panic cartoon. 
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Monetus
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Post by Monetus on Mar 1, 2016 10:16:26 GMT
Haha yes give them a chance They've only been at work an hour. Everyone needs their morning coffee... |
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oldgrumpy
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Post by oldgrumpy on Mar 1, 2016 10:19:36 GMT
Just noticed that the Feb interest payments have not gone through. Has the 29th of Feb confused SS 's accounting software. Anyone else still waiting, or is it just the usual wait and eventually it'll arrive thingy. It'll come. They've been too busy sending out emails* telling us to resolve our negative balances to credit last month's interest (which will probably resolve our negative balances!)  * arrived 13 minutes ago 
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2016 10:59:06 GMT
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 1, 2016 11:26:57 GMT
Interest; Incoming.... 
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dp
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Post by dp on Mar 1, 2016 11:27:37 GMT
Interest is being paid right now, you can see it under Transactions.....
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sl75
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Post by sl75 on Mar 1, 2016 11:29:07 GMT
It'll come. They've been too busy sending out emails* telling us to resolve our negative balances to credit last month's interest (which will probably resolve our negative balances!) * arrived 13 minutes ago Presumably they needed to figure out who deserves interest before crediting it (i.e. ensure that all loans for which interest is credited have actually been paid for), and the emails would be automatically triggered by the first stage of the process to identify those naughty boys and girls who didn't pay for their loans.
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