tony9239
Member of DD Central
Posts: 101
Likes: 202
|
Post by tony9239 on Oct 15, 2021 15:37:15 GMT
Redeemed in full. Interest and capital to be credited on Monday. Well, bu**er me! Almost forgotten what redemption feels like.
|
|
|
Post by petebutt43 on Oct 15, 2021 16:13:43 GMT
Great, but interest was supposedly being serviced at 16%. I had 1,000 in this so why wasn't I getting my interest?
|
|
jcb208
Member of DD Central
Posts: 829
Likes: 614
|
Post by jcb208 on Oct 15, 2021 16:18:27 GMT
Got excited until I realised I was not in this loan ,well done to those who were in it,about time for some luck
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,213
Likes: 11,404
|
Post by ilmoro on Oct 15, 2021 17:15:12 GMT
Great, but interest was supposedly being serviced at 16%. I had 1,000 in this so why wasn't I getting my interest? You sure, Ive been paid mine each month with the exception of 2 months when the administrators retained it to cover costs if the loan went into recovery ... that interest should now be paid I would assume as part of the redemption.
|
|
neeps
Posts: 81
Likes: 120
|
Post by neeps on Oct 15, 2021 21:41:50 GMT
Great, but interest was supposedly being serviced at 16%. I had 1,000 in this so why wasn't I getting my interest? You sure, Ive been paid mine each month with the exception of 2 months when the administrators retained it to cover costs if the loan went into recovery ... that interest should now be paid I would assume as part of the redemption. Yes, apart from the couple of months held by the administrators we've been earning interest at 16% since January 2020.
|
|
tony9239
Member of DD Central
Posts: 101
Likes: 202
|
Post by tony9239 on Oct 16, 2021 12:36:17 GMT
Great, but interest was supposedly being serviced at 16%. I had 1,000 in this so why wasn't I getting my interest? You sure, Ive been paid mine each month with the exception of 2 months when the administrators retained it to cover costs if the loan went into recovery ... that interest should now be paid I would assume as part of the redemption. I don't think we got anything covering the month of September either, so I reckon they owe us 3.5 months in total covering Jan, feb, sept & half of october 2021.
|
|
adrianc
Member of DD Central
Posts: 9,599
Likes: 5,020
|
Post by adrianc on Oct 16, 2021 12:40:14 GMT
While the interest was lovely, I'm happy to miss a bit in return for ALL THAT CAPITAL BACK!
<sigh> Happy days!
|
|
sam i am
Member of DD Central
Posts: 697
Likes: 555
|
Post by sam i am on Oct 18, 2021 11:21:04 GMT
The repayment and interest is now in my account
|
|
piper62
New Member
Posts: 5
Likes: 5
|
Post by piper62 on Oct 18, 2021 15:50:10 GMT
The repayment and interest is now in my account Whilst that's great news does anyone know will we be able to withdraw the funds from our accounts ? Or does the court case mean that our funds are locked in.
|
|
|
Post by ladywhitenap on Oct 18, 2021 15:59:16 GMT
I already had a repayment in the queue of £14 ish I added the £5k plus from this repayment but guess what, they invoked their rule of 1 withdrawal in any one day and paid me the £14 not the rest!! Grrr!
LW
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,213
Likes: 11,404
|
Post by ilmoro on Oct 18, 2021 16:09:21 GMT
The repayment and interest is now in my account Whilst that's great news does anyone know will we be able to withdraw the funds from our accounts ? Or does the court case mean that our funds are locked in. No issues with withdrawl of funds credited to lenders ... the freeze is on distributions of funds recovered from default loans pending the determination of fees for managing the recoveries ... non-defaulted loans arent affected as there is no question over MT receiving its fees which come from the borrower redemption.
|
|
piper62
New Member
Posts: 5
Likes: 5
|
Post by piper62 on Oct 18, 2021 16:14:27 GMT
I already had a repayment in the queue of £14 ish I added the £5k plus from this repayment but guess what, they invoked their rule of 1 withdrawal in any one day and paid me the £14 not the rest!! Grrr! LW Thanks LW That's good at least it means cash is flowing. I made a withdrawal request for the repaid funds it now appears in my account as frozen funds. Its been so long since I made a withdrawal I forgotten the process just hope frozen is only a temporary state of affairs. Peter
|
|
|
Post by ladywhitenap on Oct 18, 2021 16:30:57 GMT
Frozen Funds in MT speak is just withdrawal requested but yet to be paid out. Typically they are processing withdrawals about once per week.
LW
|
|
piper62
New Member
Posts: 5
Likes: 5
|
Post by piper62 on Oct 18, 2021 16:50:07 GMT
Thanks just so used to bad news always now assume the worst when P2P involved. On a positive note it looks to me that more interest was paid than expected, more like 5 1/2 months !
|
|
archie
Posts: 1,854
Likes: 1,855
|
Post by archie on Oct 19, 2021 8:09:29 GMT
I already had a repayment in the queue of £14 ish I added the £5k plus from this repayment but guess what, they invoked their rule of 1 withdrawal in any one day and paid me the £14 not the rest!! Grrr! LW Same here, I got a small amount that had been in the queue for six days.
|
|