KoR_Wraith
Member of DD Central
Posts: 293
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Post by KoR_Wraith on Apr 26, 2017 8:16:28 GMT
Looks like the bots won't be able to do much now then ...
I sold £200 of another loan yesterday to fund this and by the time I had changed page, the £200 was already showing in my balance. Even if sat on the loan page in question, I don't see how they can refresh, click invest now, enter an amount and submit before I can click on one of the pending loans page. Must be selective bots. I had £400 of Streatham take 15 minutes to fully sell, presumably as it's officially due to settle in the next couple of weeks.
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Post by dan1 on Apr 26, 2017 8:19:03 GMT
Anyone else received 1 days interest for this loan today? Yup
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n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
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Post by n on Apr 26, 2017 8:32:32 GMT
Anyone else received 1 days interest for this loan today? Yup Not drawn down yet so interest paid by MT. Maybe it is going to draw down today, or perhaps MT will pay interest daily until it does.
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Post by MoneyThing on Apr 26, 2017 8:50:01 GMT
Not drawn down yet so interest paid by MT. Maybe it is going to draw down today, or perhaps MT will pay interest daily until it does. Morning, Loan will drawdown later this morning. Kind regards, Ed
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treeman
Member of DD Central
Posts: 1,026
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Post by treeman on Apr 26, 2017 8:50:25 GMT
One day interest here too - end date is 26/4/18 so pay day is 26th. No idea why not 25th...........
Expect it will be full monthly cycle from now on.
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archie
Posts: 1,838
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Post by archie on Apr 26, 2017 9:02:27 GMT
Drawdown has to wait for the loan to fill now as MT aren't allowed to fund it.
Originally scheduled to be another £200 per lender available today if any still available, I presume that's why it's ending 26th.
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agent69
Member of DD Central
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Post by agent69 on Apr 26, 2017 9:42:44 GMT
Anyone else received 1 days interest for this loan today? 7p? Don't spend it all at once
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SteveT
Member of DD Central
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Post by SteveT on Apr 26, 2017 10:10:47 GMT
I suspect this will be the norm going forward, now that drawdown takes place after a new loan fills rather than before, the first payment essentially being pre-drawdown interest covered by MT with subsequent monthly payments linked to the date the loan draws down.
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Post by MoneyThing on Apr 26, 2017 11:51:34 GMT
I suspect this will be the norm going forward, now that drawdown takes place after a new loan fills rather than before, the first payment essentially being pre-drawdown interest covered by MT with subsequent monthly payments linked to the date the loan draws down. Afternoon, Loan has now been drawndown. As SteveT correctly highlighted, now that we are no longer pre-funding loans, MoneyThing will cover the lender interest during the pre-drawdown period. As such, lenders will receive the few days interest up to the drawdown day at which point the lender interest scheduling will align to that of the loan agreement with the borrower (in this case, 12 month term from the 26th). Kind regards, Ed
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