Post by elgerod on Feb 14, 2016 16:58:24 GMT
My expected monthly repayments as shown on the "Loan book overview" page have suddenly increased by just over £200. I have over 3300 live loans and the number has increased by just 3 in the last week. I don't think an increase of £200 in scheduled monthly repayments is possible - I suspect that something is wrong. The amount of these monthly repayments has been more or less consistent until now.
On the Zopa forum I recently had an exchange with "geoffp" in the "Beta test New Loan Book" thread (page 9) about the expected repayment amounts shown in the new CSV. Using the excel PMT function, the Zopa expected repayments were slightly under our estimates in all cases, but by quite small differences. This week, the Zopa expected repayments are more than my estimates in all cases and, as indicated above, the total of the differences is more than £200. Maybe Zopa have changed their formula for calculating expected repayments? But as it stands, the amount shown on the website seems to me to be misleading.
Elgerod (aka Geraldochef)
On the Zopa forum I recently had an exchange with "geoffp" in the "Beta test New Loan Book" thread (page 9) about the expected repayment amounts shown in the new CSV. Using the excel PMT function, the Zopa expected repayments were slightly under our estimates in all cases, but by quite small differences. This week, the Zopa expected repayments are more than my estimates in all cases and, as indicated above, the total of the differences is more than £200. Maybe Zopa have changed their formula for calculating expected repayments? But as it stands, the amount shown on the website seems to me to be misleading.
Elgerod (aka Geraldochef)