j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Apr 5, 2014 15:08:35 GMT
Hmm... will investigate tonight. Today (1 day later) accrued interest on my Ip***ch has gone down to zero, but I've received £1 actual interest. Not a bad rate for one day's lending! Today was an interest payment day for Ip***ch, a whole month's interest has gone to me. Chris - if you want to trace it, new ID is 234354 This could be a big problem for anyone selling something like St*******ge where all interest is rolled up and paid at the end. I suspect they might lose all their accrued interest, and it will all go to the person who has bought it. Not just Sto***** but any other loan with interest & capital paid at term. Come to think of it, it's obviously happening on normal monthly loans too. I haven't checked mine in detail, just gone along with what I'm paid in good faith. chris, if there are issues there, can interest paid in error be refunded/claimed back? I certainly don't want another person's interest coming to me just as I wouldn't mine being paid to someone else.
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Post by chris on Apr 5, 2014 17:12:56 GMT
As far as I can tell this only affects certain loans that don't have a straight forward repayment plan (e.g. no monthly payments) where a loan unit is sold multiple times, but I have yet to pinpoint the bug. Each time a loan unit is sold the accrued interest up to that point is saved leaving a trail to follow when the final interest payment is made. In what appears to be a very narrow set of circumstances either this trail isn't being correctly followed or the accrued interest at point of sale is being incorrectly calculated.
I'm not 100% happy with the way that functionality is handled as it doesn't feel elegant so if I can't track down the exact issue I may spend tomorrow rewriting it with a better solution.
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mikeb
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Post by mikeb on Apr 5, 2014 17:28:55 GMT
Not just Sto***** but any other loan with interest & capital paid at term. Come to think of it, it's obviously happening on normal monthly loans too. I haven't checked mine in detail, just gone along with what I'm paid in good faith. chris, if there are issues there, can interest paid in error be refunded/claimed back? I certainly don't want another person's interest coming to me just as I wouldn't mine being paid to someone else. And an especially gnarly one, given the volume of selling and rebuying, would be ... E-Asterisky! That's a repayment-at-end job, and for people that sold, the other shoe doesn't fall until October. I hope you all know how much interest you were due on this one before selling 
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Apr 5, 2014 17:55:47 GMT
Not just Sto***** but any other loan with interest & capital paid at term. Come to think of it, it's obviously happening on normal monthly loans too. I haven't checked mine in detail, just gone along with what I'm paid in good faith. chris, if there are issues there, can interest paid in error be refunded/claimed back? I certainly don't want another person's interest coming to me just as I wouldn't mine being paid to someone else. And an especially gnarly one, given the volume of selling and rebuying, would be ... E-Asterisky! That's a repayment-at-end job, and for people that sold, the other shoe doesn't fall until October. I hope you all know how much interest you were due on this one before selling We'll just have to trust AC on that one. chris HELP!
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Post by badger on Apr 5, 2014 18:38:11 GMT
...if I can't track down the exact issue I may spend tomorrow rewriting it with a better solution. I used to work in IT and I wish we had someone like you working for us. Takes RAD to new levels!
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Post by Ton ⓉⓞⓃ on Apr 6, 2014 0:10:31 GMT
Given what chris has said I assume then that when I put up a unit of old 'Ackney for sale, on the Confirm Sale page it lists it as; £100, 12%, 5 more pay days, accrued Int. 68p, Sale Price £100.68 I assume that the error is in that £100.68 item at extreme right of the Sale Confirm page, and that that £100.68 'should' read just £100. So is it the case if we see the accrued Int. nailed or stuck on top of the unit price then there's an example of the Int. Bug again chris? Is it of any use to you to report it? I wasn't expecting interest to be paid on a Saturday as 'Ippy has today 5th (well Yesterday) I assumed it would be paid in the next tax year on Monday. Oh no was really hoping for no interest this year, well last year now it's 1am |
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Post by chris on Apr 6, 2014 5:57:59 GMT
The sale price should just be for the remaining principal of the loan unit as any accrued interest is deferred.
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Post by bracknellboy on Apr 6, 2014 8:22:57 GMT
The sale price should just be for the remaining principal of the loan unit as any accrued interest is deferred. Its a Sunday......
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Post by chris on Apr 6, 2014 8:24:54 GMT
...and there is work to do.
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Post by badger on Apr 7, 2014 10:04:04 GMT
chris - I know yesterday was a Sunday but did you find anything?
Picked up another one today (Monday). Two units of Op****l L**s, ID numbers 234986 and 234988 bought through Auto Invest. 234986 came in with total 52p accrued, 234988 came in with zero
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Post by chris on Apr 7, 2014 17:52:35 GMT
chris - I know yesterday was a Sunday but did you find anything?
Picked up another one today (Monday). Two units of Op****l L**s, ID numbers 234986 and 234988 bought through Auto Invest. 234986 came in with total 52p accrued, 234988 came in with zero
Sorry in hospital with baby on way, so whilst bored and getting the odd break on the computer I haven't had time to code anything. I can't find anything obvious in the current calculations that scream "issue" despite poking around for a few hours on Sunday. My plan is to recode the deferred interest system over the next few days, baby willing, with a more elegant solution than the current one which will remove the possibility for this subtle error. There's definitely an issue somewhere within the SQL for looking up previously deferred interest and deducting it from the currently accrued interest when a loan part is sold for the second time within a repayment period. If baby won't play ball then I'll have to take another look at tracking down that issue.
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Post by Ton ⓉⓞⓃ on Apr 7, 2014 18:01:30 GMT
chris - I know yesterday was a Sunday but did you find anything?
Picked up another one today (Monday). Two units of Op****l L**s, ID numbers 234986 and 234988 bought through Auto Invest. 234986 came in with total 52p accrued, 234988 came in with zero
Sorry in hospital with baby on way, so whilst bored and getting the odd break on the computer I haven't had time to code anything. I can't find anything obvious in the current calculations that scream "issue" despite poking around for a few hours on Sunday. My plan is to recode the deferred interest system over the next few days, baby willing, with a more elegant solution than the current one which will remove the possibility for this subtle error. There's definitely an issue somewhere within the SQL for looking up previously deferred interest and deducting it from the currently accrued interest when a loan part is sold for the second time within a repayment period. If baby won't play ball then I'll have to take another look at tracking down that issue. That's great news, the baby not the coding. Best Wishes to the three of you. XXX
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Post by chris on Apr 7, 2014 18:02:18 GMT
Hopefully not a false start, but still early stages so it's going to be a long night!
Ps. Thanks!
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Post by oldnick on Apr 7, 2014 18:59:57 GMT
Good luck to you and your Missus. Lets hope your 'screaming issue' arrives soon |
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Apr 7, 2014 21:01:22 GMT
Hopefully not a false start, but still early stages so it's going to be a long night! Ps. Thanks! Welcome to the club!...hehehehe   PS Best wishes, hope all goes smooth
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