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Post by ablrateandy on Mar 18, 2016 21:51:12 GMT
Welcome and yes - as james said, we normally try to press close to midnight because I am a bit finickety about things like that. ablrate presses the button.
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jjx
New Member
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Post by jjx on Mar 18, 2016 22:00:56 GMT
That'll be for the Jan containers loan. Usually it's just the button, has always been so far and minimal chance of it being anything else for this particular borrower. ablrate does the button pressing but it's quite common for it to be late in the day, well after the work day has ended. Occasionally it ends up being done after midnight and the records end up showing incorrectly that the borrower paid late when it was just a glitch on the Ablrate side. Don't hesitate to pick up the phone or ask in email/whatever if you do need anything from the Ablrate team. Like the fine folks over at MoneyThing they are very helpful. Welcome! Thank you. Jan containers - that's the one. I agree, I've been impressed by both MT and Ablrate so far. Just waiting for these aeroplanes to show up now!
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registerme
Member of DD Central
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Post by registerme on Mar 19, 2016 0:25:49 GMT
I'm an ablrate fan, but this (lack of) button pressing, plus the amortisation issue and the income statement / tax statement do irk me.
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mickj
Member of DD Central
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Post by mickj on Mar 19, 2016 8:06:23 GMT
Hello, newbie here. I have a 'next instalment' date of 18th showing but haven't received any interest today. Is it just me or does that button need pressing? Another newbie with the same loan, if I go to 'Details' and 'Repayments' i can see a box with repayment date/total/status, status for 18th/03 is a red dot and if I click on it shows 'Late payment'. It also show a repayment amount of more than I have invested ! In fact this is true of all the later blue dots as well, with the final payment 150x greater than my investment. looks like my best investment so far on this P2P lark . Edit: OK it was early and I was being stupid, a bit later and I am managing to put 2 and 2 together and not make 300 ................
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blender
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Post by blender on Mar 19, 2016 8:38:12 GMT
If I go to 'current investments' there are six loans listed, but only two have non-zero amounts. Therefore most of the time my 'next instalment' is for £0.00. Today my next instalment is due on 18 03, ie yesterday, but since it is for zero the button pressing is of little concern. Also my pie chart includes additionally my old investment in the loan which was repaid and rolled into ATR532. There are three loans in the pie chart and my pie is much larger than its ingredients. The account numbers look ok, but what to charge to income tax will be fun. 6 loans, 3, loans, 2 loans, 6 repayment dates, 2 repayment dates - a fine old mess you Geeks. However, I still look forward to the new loans.
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jonah
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Post by jonah on Mar 19, 2016 9:20:46 GMT
The interest due has just been paid. 9.12 in my log. 9.14 my log shows a withdrawal request too!
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Post by ablrateandy on Mar 19, 2016 9:53:36 GMT
Zero amounts and amortising is just being tested with live data on our test server this weekend for deployment this week...
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jfm
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Post by jfm on Mar 19, 2016 19:44:21 GMT
... and they said a week is a long time in politics...
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blender
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Post by blender on Mar 19, 2016 22:14:33 GMT
Now that the zero instalment has been paid the next instalment amount is £185. That's more like it. Attaboy Ablrate!
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gt94sss2
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Post by gt94sss2 on Mar 19, 2016 22:39:42 GMT
That'll be for the Jan containers loan. Usually it's just the button, has always been so far and minimal chance of it being anything else for this particular borrower. ablrate does the button pressing but it's quite common for it to be late in the day, well after the work day has ended. Occasionally it ends up being done after midnight and the records end up showing incorrectly that the borrower paid late when it was just a glitch on the Ablrate side. Yes, even ignoring the delayed payments issue - it would be good if ablrateandy pressed the button earlier in the day (i.e. the morning!) as standard when interest is due to enable us to make reinvestment/withdrawal decisions in a timely fashion.
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Post by ablrateandy on Mar 19, 2016 22:44:46 GMT
To be clear, it is ablrate who does all payments and cash movements.
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blender
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Post by blender on Mar 20, 2016 8:45:59 GMT
From the customer's viewpoint it does not matter which operative does a particular job. The platform should make payments at the time contracted. Do we understand that if the CEO rather than a minion does the operational work then it can be sloppy (which I am sorry to say it is) because he has more important things to do?
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Post by ablrateandy on Mar 20, 2016 11:43:49 GMT
Sorry - that sounded more buck-passy than it was meant to. It will be automated at some point shortly I hope. And yes... It should be on time.
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Investor
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Post by Investor on Mar 24, 2016 11:11:15 GMT
Zero amounts and amortising is just being tested with live data on our test server this weekend for deployment this week... Followed by notification yesterday 'We have done extensive testing of the solution and the code update is due to be done at 3 o'clock today. This will involved downtime for the platform, and we anticipate it being for no more than 45 minutes to 1 hour. After this is updated the amortising loans will be available for trading.' Just concerned that my loans will have amortised themselves to zero before being trade-able Any news?
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Post by ablrateandy on Mar 24, 2016 12:07:11 GMT
The code works.... we are just about to update everybody's holdings to the correct, amortised amount so that holdings are correct and once that is done we will re-activate them.
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