treeman
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Post by treeman on Apr 2, 2017 11:46:33 GMT
It is not unreasonable to extrapolate from the three we know about and suggest that ALL loans were paid at 12% for March.
I can imagine that some glitch during the famous rebranding has caused the old 'default' of 12% to be applied to all loans.
This would be a serious 'bank error in your favour - collect £X' event. I leave it to others to calculate the full overpayment amount if this is true.
We need to know if further non-12% loans were over paid. Could well be all at 12% - I haven't done my full check yet ( Later !! - it's SUNNY!!  ) However, A quick cuppa-break look ..... The only other non-12% I hold is £100 on DFL018 which has received 12% interest not the expected 10%. Interest on 'Loan Parts' download is shown at the correct 10% figure
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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 Apr 2, 2017 11:59:40 GMT
I wonder how it compares to how much INPL costs them a month
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elliotn
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Post by elliotn on Apr 2, 2017 12:06:40 GMT
Put my withdrawal in.
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dawn
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Post by dawn on Apr 2, 2017 12:30:15 GMT
Just checked PBL163 - I hold £400 at 10% (since 8th March) so interest should have been £2.63 - they paid me £316 which equates exactly to 12%. Looks like it might be all/most of the non 12% loans
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elliotn
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Post by elliotn on Apr 2, 2017 12:31:48 GMT
Just checked PBL163 - I hold £400 at 10% (since 8th March) so interest should have been £2.63 - they paid me £316 which equates exactly to 12%. Looks like it might be all/most of the non 12% loans 316 is a bit more than 12% 
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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 Apr 2, 2017 12:36:49 GMT
Just checked PBL163 - I hold £400 at 10% (since 8th March) so interest should have been £2.63 - they paid me £316 which equates exactly to 12%. Looks like it might be all/most of the non 12% loans 316 is a bit more than 12% Perhaps it was a Lendy Wonga rate!! 
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fasty
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Post by fasty on Apr 2, 2017 13:21:12 GMT
Such a novel April fool jest from Lendy, we were indeed heartily amused!
My DFL017 also paid 12%...
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Post by spareapennyor2 on Apr 2, 2017 13:26:48 GMT
DFL013 DFL017 all of 0.39p might buy a chocolate bar |
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oldgrumpy
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Post by oldgrumpy on Apr 2, 2017 14:01:59 GMT
Saving Stream ... I mean Lendy have always explained to us how good they are. I must check my 11%ers to see wot i got.  edit: Yep. Got full 1% for the month on Bradford. |
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grahamg
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Post by grahamg on Apr 2, 2017 14:54:00 GMT
I decided to lend through Lendy
Their rates were incredibly bendy
I went in at 11
And went straight to heaven
When they paid what they shouldn't have oughter
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star dust
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Post by star dust on Apr 2, 2017 15:11:25 GMT
DFL013 DFL017 all of 0.39p might buy a chocolate bar Better make sure you don't eat it and keep the receipt then  ; back in the day they were known to turn investors accounts red when correcting interest rate errors link, that won't save you either .
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Post by spareapennyor2 on Apr 2, 2017 15:38:46 GMT
i think someone will not be getting a chocolate bar @ lendy bendy  |
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twoheads
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Programming
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Post by twoheads on Apr 2, 2017 15:58:02 GMT
Okay... I said I wasn't going to but I have calculated the total overpayment of March interest based on the assumption that all sub 12% loans were paid out at 12%.
The maximum total overpayment is £35,176.36 - see MarchOverpaid.xls (20.5 KB).
This maximum figure is based on a second assumption: that all of these loans were fully funded with nothing on the SM during March. Of course, some were not fully funded and there were many loan parts for sale during March - which means that the real overpayment figure will be lower.
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ferdy
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Post by ferdy on Apr 2, 2017 17:33:09 GMT
My balance is slowly reducing. Are they correcting their error?
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jcb208
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Post by jcb208 on Apr 2, 2017 17:37:44 GMT
My balance is slowly reducing. Are they correcting their error? And mine is as well
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)
; back in the day they were known to turn investors accounts red when correcting interest rate errors 