Balder
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Post by Balder on Jul 26, 2017 15:48:17 GMT
Site now down I smell a bit of a ****up!
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Post by ablrate on Jul 26, 2017 16:04:55 GMT
Sorry all. It appears our new bit of code behaved differently that the tests!. We took the site down to investigate and we will be back up soon and have everything paid correctly.
Sorry for the inconvenience.
Regards Ablrate
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elliotn
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Post by elliotn on Jul 26, 2017 16:07:10 GMT
Nothing wrong with a quick pivot abl
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southport
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Post by southport on Jul 26, 2017 17:29:25 GMT
Site is now back up but still only 41.5% repaid.
Interest payment seems a bit strange. I calculate that if they have paid 6 days interest it is at 26.5% and if they have paid 7 days interest it works out at 22.7%.
Is it just me or are other people getting the same figures?
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Post by brummiefred on Jul 26, 2017 17:45:29 GMT
Two separate amounts of capital repaid but still a strange amount short of 5/7ths!!!
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Post by ablrate on Jul 26, 2017 17:48:36 GMT
All good now... sorry for the slight intermission. I have sent a follow up email...
There was £500k on account so capital and accrued was paid out of that which is why it is not quite 5/7ths
Regards
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moogman
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Post by moogman on Jul 26, 2017 18:16:31 GMT
Ablrate, the transparency and good communication doesn't go unnoticed. Thanks for being honest and not brushing this under the carpet. I for one can be tolerant of these sorts of reversible/reconcilable mistakes providing we're not left with a bad smell after the fact.
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blender
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Post by blender on Jul 26, 2017 18:38:46 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated?
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Post by brummiefred on Jul 26, 2017 20:03:28 GMT
Two separate amounts of capital repaid but still a strange amount short of 5/7ths!!! Even when adding the small amount of interest it is still not 5/7ths, but not a problem until final settlement when numbers can be reconciled.
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ganymede
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Post by ganymede on Jul 26, 2017 20:41:16 GMT
I make it 10days interest from 19th July to 29th July (Sat / end of week).
monthly percentage = roundup(16% / 12, 4) daily percentage = round(monthly percentage / 31, 6) = 0.0432% then round(capital repaid * 10 * daily percentage, 2)
That gives me the exact amounts in my case
No guarantee this is right method used as I can only try on my capital repaid/ interest ...
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blender
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Post by blender on Jul 27, 2017 0:06:47 GMT
I make it 10days interest from 19th July to 29th July (Sat / end of week). monthly percentage = roundup(16% / 12, 4) daily percentage = round(monthly percentage / 31, 6) = 0.0432% then round(capital repaid * 10 * daily percentage, 2) That gives me the exact amounts in my case No guarantee this is right method used as I can only try on my capital repaid/ interest ... We are due a whole month's interest according to the contract. That's why I quoted the clause 7.5 in the contract. That is how FC have always done it.
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Post by ablrate on Jul 27, 2017 8:46:27 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated? Interest was calculated on the full outstanding amount for 7 days.
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Post by ladywhitenap on Jul 27, 2017 9:01:24 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated? Interest was calculated on the full outstanding amount for 7 days. The interest on my repayments seemed to be about right. Thanks Ablrate LW
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Post by brummiefred on Jul 27, 2017 9:03:09 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated? Interest was calculated on the full outstanding amount for 7 days. This does not work out correctly in my case! I received my repayment in two tranches but interest only on the first part!?
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blender
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Post by blender on Jul 27, 2017 10:23:50 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated? Interest was calculated on the full outstanding amount for 7 days. Thank you for stating the basis of the interest payments made at this stage.
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