Liz
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Post by Liz on Feb 27, 2017 18:37:12 GMT
I'm still maintaining "the TC swerve", far better ABP2Ps out there who I'm much happier to invest via. They do need to work on a fee free SM, like a lot of platforms, MT, SS, FS, ABL etc
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Greenwood2
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Post by Greenwood2 on Feb 27, 2017 20:29:20 GMT
All the platforms must pay for the SM one way or another, extra admin, software etc. When there is no specific fee everyone pays.
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Liz
Member of DD Central
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Post by Liz on Feb 28, 2017 22:18:26 GMT
All the platforms must pay for the SM one way or another, extra admin, software etc. When there is no specific fee everyone pays. Automated SM's cost very little to maintain; manual SM's like TC run are manual and labour intensive.
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shimself
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Post by shimself on Mar 1, 2017 15:51:42 GMT
All the platforms must pay for the SM one way or another, extra admin, software etc. When there is no specific fee everyone pays. Automated SM's cost very little to maintain; manual SM's like TC run are manual and labour intensive. What is unusually manual about TC's
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Post by tybalt on Mar 1, 2017 16:22:39 GMT
Manual step 1. Prior to listing on the SM the loan is reviewed against the Secondary Market spreadsheet to ensure it is class "A" not impaired by a threat of early repayment or worse. Manual step 2 prior to completing the sale Admin check that no messages have ben received either moving the loans status or by the would be seller having misunderstood what they we doing.
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pickles
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Post by pickles on May 7, 2017 10:42:47 GMT
I gotta be honest, I put a very small amount in TC some time ago, and never returned. I like my P2P relatively simple, like me really, and just found that I needed a near PhD to understand their website/offerings. Bit of a thicko me.  I cannot make head or tail of half of the account/loan information, and I have a PhD in physics.
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Post by tybalt on May 7, 2017 16:08:02 GMT
I have 'A' level Physics but more relevantly qualified as an accountant. I'll admit that unless you grasp the nettle of working out how to obtain interest and capital by loan early in your involvement with Emaciated Moggies you are faced with a problem. If you export the Nominal Ledger to Excel and sorting use strip and mid it is possible to work out interest by loan etc.
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Greenwood2
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Post by Greenwood2 on May 8, 2017 10:00:35 GMT
Nominal ledger is much easier to handle now the loan number is included, sorting by loan number gets you straight to all the payments for the loan you want.
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Post by tybalt on May 8, 2017 16:58:20 GMT
Thanks I have a series of spreadsheets which I have reconciled to the penny since I started. Nominal including loan number is a great improvement
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