markr
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Post by markr on Mar 31, 2014 11:49:40 GMT
I'm aware that when you sell a loan part on AC, the buyer doesn't pay outstanding interest (like on FC), instead you sell only the capital and receive the interest due to you at the next repayment. Question is, is there anywhere where I can see a summary of what interest is due to me from loans that I no longer hold any of?
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TFTO
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Post by TFTO on Mar 31, 2014 12:16:48 GMT
I'm aware that when you sell a loan part on AC, the buyer doesn't pay outstanding interest (like on FC), instead you sell only the capital and receive the interest due to you at the next repayment. Question is, is there anywhere where I can see a summary of what interest is due to me from loans that I no longer hold any of? It's on the back-burner - see Chris's comments in the E-T*****y thread
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Post by Ton ⓉⓞⓃ on Mar 31, 2014 12:28:05 GMT
I'm aware that when you sell a loan part on AC, the buyer doesn't pay outstanding interest (like on FC), instead you sell only the capital and receive the interest due to you at the next repayment. Question is, is there anywhere where I can see a summary of what interest is due to me from loans that I no longer hold any of? It wasn't 100% clear who this was aimed at but in fact one of the directors answered your question with: It's on our to do list but is of lower priority compared to some of the other jobs on that list.
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markr
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Post by markr on Mar 31, 2014 12:32:50 GMT
Thanks, peeps, I only skimmed the E-Tr**** thread so I missed that bit (BTW, why isn't that thread breaking the no naming forum rule?).
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Post by Ton ⓉⓞⓃ on Mar 31, 2014 12:40:21 GMT
We live on the edge here.
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mikes1531
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Post by mikes1531 on Mar 31, 2014 17:14:01 GMT
Thanks, peeps, I only skimmed the E-Tr**** thread so I missed that bit (BTW, why isn't that thread breaking the no naming forum rule?). Possibly because all loans are visible now without having to log in?
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andy2001
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Post by andy2001 on Mar 31, 2014 17:25:48 GMT
Thanks, peeps, I only skimmed the E-Tr**** thread so I missed that bit (BTW, why isn't that thread breaking the no naming forum rule?). Possibly because all loans are visible now without having to log in? Apart from the aftermarket they always have been. I think it does break the no naming rule, but the mods chose not to enforce it.
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Post by Ton ⓉⓞⓃ on Mar 31, 2014 22:55:06 GMT
I'm just wondering where does the interest on loan units that I'm continuing to hold go to on a monthly basis. Does an interest column appear in My Account?(I can see the interest accruing next to each loan) I've been trying to avoid interest till the new tax year, but I can't balance my books all of a sudden, I'm thinking I've been paid 30pence interest.
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mikes1531
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Post by mikes1531 on Apr 1, 2014 0:53:38 GMT
I'm just wondering where does the interest on loan units that I'm continuing to hold go to on a monthly basis. Does an interest column appear in My Account?(I can see the interest accruing next to each loan) I've been trying to avoid interest till the new tax year, but I can't balance my books all of a sudden, I'm thinking I've been paid 30pence interest. AFAIK, AC do not provide a summary income statement of any sort at the moment, though I believe there are plans to produce one in the future. What you can do now, however, is look at your Statement within your account. That shows all cash movements -- deposits, withdrawals, loan part purchases and sales, plus any principal or interest payments received from borrowers. HTH.
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Post by elljay on Apr 1, 2014 10:27:31 GMT
I think it does break the no naming rule, but the mods chose not to enforce it. [mod hat on] There's a lot of threads on here - the mods don't necessarily read every post or notice them as soon as they're posted, so we rely on you guys to hit the report button if you see something that looks dodgy so we can take a look. bracknellboy has been through all six pages of the thread you mention and asterisked the name out. I've spotted one here and removed that too. If there are others (E-T****y or others) please report them so we can deal with them. Thanks.
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