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Post by zzr600 on Feb 26, 2016 10:17:28 GMT
On MT, interest is paid on a monthly basis, based on the start date of the loan. This spreads out interest repayments. If this was implemented on SS, then we wouldn't have a glut of interest looking for a home at the end of the month. Saving-stream, how easy would this be to implement?
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micky
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Post by micky on Feb 26, 2016 10:21:00 GMT
I think this would not be a good idea for quite a few of us who use the interest to supplement our pensions. Receiving a one off payment at the start of a month allows us to plan our financial commitments much easier.
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gt94sss2
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Post by gt94sss2 on Feb 26, 2016 10:27:49 GMT
Another vote not in favour of this - its much easier to keep track of interest if its paid once a month.
In fact, some of us asked MT if they would be wiling to adopt the same system as SS...
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dp
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Post by dp on Feb 26, 2016 10:41:22 GMT
Happy with how it works, with monthly chunk - lets not complicate it.
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Post by Deleted on Feb 26, 2016 11:14:27 GMT
I have some investments over FC and it is a nightmare to keep track of everything on a daily basis as they do (with loads of mistakes).
Much better the current SS system.
One payment a month (as it is now on SS) is PERFECT and should not be changed.
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Post by ragamuffin on Feb 26, 2016 11:27:21 GMT
One of the great achievements of the SS model is the full and consistent use of the KISS principle. Of course ideas for development should be aired and fully discussed... I for one would be sorry to see too much deviation from such a straight forward model...
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Post by spareafewcoppersguv on Feb 26, 2016 11:37:36 GMT
I'm another who doesn't want the current system changed!!!!
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Post by GSV3MIaC on Feb 26, 2016 11:45:27 GMT
Current system works fine.
Would work even better if they could arrange for a suitable sized new loan (or tranche of an existing one) to go live on 1st of each month!
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Feb 26, 2016 12:17:25 GMT
Don't fix what ain't broken. I like getting all interests at once instead of monitoring daily. And you won't reinvest them anyway because there is nothing on SM or you are to slow. I'd rather ask savingstream to maybe schedule one loan for the 1st to hoover those interests with prefunding. |
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ablender
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Post by ablender on Feb 26, 2016 13:39:19 GMT
I read about this topic somewhere and people argued that it was better to have all money received on the same day as it will mean that there is a chunk to invest rather than small amounts which can either lead to small loan parts bought or having to wait, thus cash drag.
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freddy
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Post by freddy on Feb 26, 2016 13:52:10 GMT
One monthly interest payment gets my vote as well. I invest with MT and the spread of interest payments is the only thing I don't like about the platform.
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Post by dodgeydave on Feb 26, 2016 14:00:03 GMT
Leave it as it is.
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LittleBear
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Post by LittleBear on Feb 26, 2016 14:01:23 GMT
Another vote for all interest to be paid on the same day of the month. If nothing else, it keeps my spreadsheet tidy!
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dawn
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Post by dawn on Feb 26, 2016 14:10:17 GMT
And another vote for leaving it as it is. I find tracking my SS loans much easier than any of the other P2P sites I am with (FC, LC, MT and ABL (granted I only have 3 loans with ABLrate so far - I've only been with them a fortnight but it will grow)).  |
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