trevor
Member of DD Central
Posts: 557 
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Post by trevor on Jul 30, 2016 11:51:58 GMT
I find FC's statement to say that they have " received funds from the borrower to repay the loan in full" but then to add "accrued interest due to late repayment will be distributed in due course" to be totally unacceptable. If we have not received the accrued interest then the loan has not been repaid in full, just the capital. I would prefer to have the capital and accrued interest paid at the same time so that I can see that the loan really is closed. A P2P platform needs lenders and borrowers and FC seem to be forgetting that. Yet another reason to be sending my P2P lending to other platforms.
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jayjay
Member of DD Central
Posts: 264
Likes: 116
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Post by jayjay on Aug 1, 2016 10:50:49 GMT
I find FC's statement to say that they have " received funds from the borrower to repay the loan in full" but then to add "accrued interest due to late repayment will be distributed in due course" to be totally unacceptable. If we have not received the accrued interest then the loan has not been repaid in full, just the capital. I would prefer to have the capital and accrued interest paid at the same time so that I can see that the loan really is closed. A P2P platform needs lenders and borrowers and FC seem to be forgetting that. Yet another reason to be sending my P2P lending to other platforms. I agree. I have these notes for both Pinner and Hammersmith loans saying they received the full repayment late on Friday and we STILL do not have the capital half way through Monday. Is this meant to soften us up for receiving the eventual detached interest in 'overdue' course in a fortnights time?
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on Aug 6, 2016 18:11:44 GMT
Thats optimistic, Failing Customers have posted in their comments that this may take up to a month. Truly inspiring.
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jayjay
Member of DD Central
Posts: 264
Likes: 116
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Post by jayjay on Aug 7, 2016 17:26:47 GMT
Thats optimistic, Failing Customers have posted in their comments that this may take up to a month. Truly inspiring. Yes when I read that, posted in the other place, my jaw dropped. It is truly audacious that anyone (even Floppy Cucumbers) could think to propose that as a policy. "We have your money at last, but because the techies have to do something and they are clueless we cannot give it to you for another month!" Aaargh
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jayjay
Member of DD Central
Posts: 264
Likes: 116
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Post by jayjay on Aug 11, 2016 11:16:05 GMT
I have a few quid trickling in this morning. Some poor soul in the technical department has aligned his spreadsheets and is transferring manually the 'additional' back interest on the the late loans. I have Wiltshire, South London and Hammersmith finally....
On the bright side the longest is only three weeks late! Some quite a bit less. Lets hope Faltering Computations can get their act together soon...(I know they wont)
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