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Post by carol167 on Mar 3, 2017 8:31:38 GMT
I've started tracking my dashboard amounts on a daily basis because I've had suspicions that money was still being lent out even though my settings now say :
"All my repayments are paid into my Wallet, where I can manually re-lend or withdraw it"
For example, yesterday my total invested ended ....555.36
Today it says ....558.37.
The amount in the wallet went from ending 53.84 to 53.93.
Now ok, it's chcken feed. But it's the principle that is the point.
If it's all supposed to go into the wallet, then it's all supposed to go into the wallet.
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Post by Matthew on Mar 3, 2017 9:05:50 GMT
I've started tracking my dashboard amounts on a daily basis because I've had suspicions that money was still being lent out even though my settings now say : "All my repayments are paid into my Wallet, where I can manually re-lend or withdraw it" For example, yesterday my total invested ended ....555.36 Today it says ....558.37. The amount in the wallet went from ending 53.84 to 53.93. Now ok, it's chcken feed. But it's the principle that is the point. If it's all supposed to go into the wallet, then it's all supposed to go into the wallet. Morning carol167 Without looking into your account, I'm assuming you're taking those figures from your dashboard and hence the "On loan" figure increasing will be due to interest being accrued on your capital outstanding before it is repaid into your Wallet. I'm fairly confident that your capital balance on loan will not be increasing and that the settings are working as intended. Hope this helps.
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Post by carol167 on Mar 3, 2017 11:31:52 GMT
Without looking into your account, I'm assuming you're taking those figures from your dashboard and hence the "On loan" figure increasing will be due to interest being accrued on your capital outstanding before it is repaid into your Wallet. I'm fairly confident that your capital balance on loan will not be increasing and that the settings are working as intended. Hope this helps. Aaahhhhhh. That makes sense. I'll let you off then. :-) To be fair... it does say "On Loan" in that box. Therefore one would assume that that amount is the total actually on loan. I'm not sure accrued interest counts as onloan in my logic, although - if they haven't paid it yet I suppose it could be seen like that.. It's just that at first glance, seeing that amount go up - seemed wrong. Hmmm... I think I preferred it the old way when you used to show accured interest separately.
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Post by Matthew on Mar 3, 2017 13:03:28 GMT
Without looking into your account, I'm assuming you're taking those figures from your dashboard and hence the "On loan" figure increasing will be due to interest being accrued on your capital outstanding before it is repaid into your Wallet. I'm fairly confident that your capital balance on loan will not be increasing and that the settings are working as intended. Hope this helps. Aaahhhhhh. That makes sense. I'll let you off then. :-) To be fair... it does say "On Loan" in that box. Therefore one would assume that that amount is the total actually on loan. I'm not sure accrued interest counts as onloan in my logic, although - if they haven't paid it yet I suppose it could be seen like that.. It's just that at first glance, seeing that amount go up - seemed wrong. Hmmm... I think I preferred it the old way when you used to show accured interest separately. We had nowhere else on the dashboard to show it...  If you click on the "More +" option it should show you the breakdown of the balance between capital and accrued interest. We added it as lots of lenders were asking for it and others were confused about why their account value wasn't increasing (while waiting for their first repayment) - not sure why though as you wouldn't expect accrued interest to show on a savings/fixed income account for example. Either way, I think it's fair to show the current balance owed to you on your loans if they repaid today. Perhaps should be viewed in a different way where there's no cover from a reserve/provision fund.
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