littleoldlady
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Post by littleoldlady on Sept 20, 2016 9:55:42 GMT
On this platform when a loan renews do investors get the opportunity to get their money back or are they automatically rolled over?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Sept 20, 2016 10:02:37 GMT
On this platform when a loan renews do investors get the opportunity to get their money back or are they automatically rolled over? Don't tick the renewal box on the loan in your "current investment" list. Or alternatively un-tick it if its already ticked. 
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SteveT
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Post by SteveT on Sept 20, 2016 10:19:14 GMT
If you leave your "Renew?" box unticked then you're opting out of any future renewal, but be aware that you will only have your money returned once the renewal loan fills and completes.
As an illustration of this, the "Land in Rishton" renewal loan has been Available for about 17 days, yet it's still only 27% filled (something like 90% by value of the original lenders opted NOT to renew) and there's only about a week left before it will have to be pulled. A recent update on the original loan says that the borrower "may be in a position to repay the loan in full shortly" but we'll see ...
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mikes1531
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Post by mikes1531 on Sept 20, 2016 10:30:27 GMT
... the "Land in Rishton" renewal loan has been Available for about 17 days, yet it's still only 27% filled (something like 90% by value of the original lenders opted NOT to renew) and there's only about a week left before it will have to be pulled. A recent update on the original loan says that the borrower "may be in a position to repay the loan in full shortly" but we'll see ... The Rishton loan renewal has been open for investment for more than 17 days. I have a £25 investment in it that's showing as having been made 25 days ago. (And I can't guarantee I made that investment as early as the day it became available.) If FS will be doing something when 30 days is reached, we'll find out what pretty soon.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 20, 2016 12:09:26 GMT
On this platform when a loan renews do investors get the opportunity to get their money back or are they automatically rolled over? Don't tick the renewal box on the loan in your "current investment" list. Or alternatively un-tick it if its already ticked. Ah. my browser window was not wide enough to show that column. Doh.
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