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Post by robthos on Dec 6, 2016 17:26:46 GMT
At the foot of my loans list a sum of Interest is shown - can anyone tell me what this ? Is it itnerest expected in or already paid. It does not appear to be part of my cash available to withdraw.
Many thanks, if someone can enlighten me
Rob
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twoheads
Member of DD Central
Programming
Posts: 1,089 
Likes: 1,192
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Post by twoheads on Dec 6, 2016 17:30:52 GMT
robthos , It is the total interest of all your live loan parts to date. It increases each day (at or just after midnight I think).
You can get an idea of your total interest to date by adding the interest from your live loans, selling loans, sold loans and repaid loans.
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fp
Posts: 1,008
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Post by fp on Dec 6, 2016 18:10:36 GMT
Its the amount of interest currently accrued by the loans which are in your portfolio at the present time, it includes both interest already paid, and anything accrued for the current month. If you sell a loan part, or it re-pays, that figure will reduce by the amount of interest that loan part had earned you for the entirety of the time you have held it.
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Post by martin44 on Dec 6, 2016 21:41:23 GMT
I've looked at this many times and could not make head nor tails of it (thanks fp ) still can't be bothered tho to actually work it out.  edit for fp ........ can't be bothered tho to actually work it out. |
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fp
Posts: 1,008
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Post by fp on Dec 6, 2016 22:00:18 GMT
I've looked at this many times and could not make head nor tails of it (thanks fp ) still can't be bothered tho to actually work it out. sell £1 of one of your oldest loans and you should see the amount drop by a few pence
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Post by martin44 on Dec 6, 2016 22:10:45 GMT
Please revert to post above yours. edit again fp  i luv u really.  |
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Post by robthos on Dec 7, 2016 9:45:10 GMT
Many thanks for the replies - you have answered my question - thanks.
Robthos
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
Likes: 424
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Post by skippyonspeed on Dec 9, 2016 9:08:55 GMT
SS interest payments are loosely based on the rules of the game Numberwang.....once you've mastered those you'll find it a lot easier! link |
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 9, 2016 10:47:50 GMT
SS interest payments are loosely based on the rules of the game Numberwang.....once you've mastered those you'll find it a lot easier! linkDid you really understand that?
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
Likes: 424
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Post by skippyonspeed on Dec 9, 2016 11:15:40 GMT
SS interest payments are loosely based on the rules of the game Numberwang.....once you've mastered those you'll find it a lot easier! linkDid you really understand that? Perhaps this 2nd link will give you a better understanding link
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 9, 2016 14:18:31 GMT
Did you really understand that? Perhaps this 2nd link will give you a better understanding linkThat is better. Now it is clear. I have to say, it does take some brain crunching to get around its logic.
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Post by chrisuk on Dec 12, 2016 11:07:07 GMT
Thank you. It's also helped me understand my gas bill!!
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Post by chrisj on Dec 14, 2016 13:15:03 GMT
I always found it to be fairly pointless information, it doesnt give you anything of much use on its own. If it totaled up your interest from when you was last paid interest I would find it more useful.
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i luv u really. 
