shimself
Member of DD Central
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Post by shimself on Nov 11, 2016 17:14:10 GMT
AH or Chris. Can you do something to clarify the rate of interest on the website (eg 11% default rate, or 9+2 or something). Ditto in the emails
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mikeb
Posts: 1,072
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Post by mikeb on Nov 14, 2016 18:15:45 GMT
Valid point: It's down to the phrasing (also afflicts the Q&A responses)
1) This loan will accrue default interest at the agreed amount over the baseline rate from the point of that default event.
2) This loan will accrue default interest at an additional 3% over the baseline rate of 10% (new rate 13%) from the 24th October 2016
Both say the same thing, but one is absolute and unambiguous, the other is all relative to something-or-other-elsewhere which may or may not have changed when you read this in the future.
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shimself
Member of DD Central
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Likes: 1,171
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Post by shimself on Nov 15, 2016 17:20:15 GMT
Valid point: It's down to the phrasing (also afflicts the Q&A responses) 1) This loan will accrue default interest at the agreed amount over the baseline rate from the point of that default event. 2) This loan will accrue default interest at an additional 3% over the baseline rate of 10% (new rate 13%) from the 24th October 2016 Both say the same thing, but one is absolute and unambiguous, the other is all relative to something-or-other-elsewhere which may or may not have changed when you read this in the future. I was also thinking of the display at the top of the screen when you are looking at a particular loan
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Post by andrewholgate on Nov 17, 2016 9:22:16 GMT
I'll flag it with Chris and the team.
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mikeb
Posts: 1,072
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Post by mikeb on Nov 17, 2016 18:47:28 GMT
STILL no change zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ... after the two months, the Q&A promised two weeks (maximum), an additional 2 days ... these "IT problems" afflicting loan #45 must be pretty bad 
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Nov 30, 2016 17:23:08 GMT
Finally, this has been sorted out!!!!
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on Feb 16, 2017 17:32:05 GMT
Thanks for replying, and apology accepted. Current situation on these loans -- even if it is somewhat at odds with previous statements made -- now clearer, and January 2017 should see a more official/public announcement. -- well January came and went. Apologies and promises aside, nothing has happened.I would say "very disappointing", but it isn't anymore, it's just the same old, same old story on this issue. The money's clearly been written off, and/or was never going to be paid to lenders in the first place. It's a shame you can't tell lenders that officially. Maybe January 2018 then?
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