Re: PPI and Court
CAG also makes mistake of assuming interest is Linear (ie constant) which it is not
No--PF
Everyone of your agreements can be done like Marshy said--I'll post up my SS for Loan 2 & Loan 8 in a min to show you & also the calculation sheets for those 2--I was going to leave it until I get the thread Understanding PPI Calculations -- Settled Loans--but seeing its topical discussion here at the moment--I'll post your actual loan solutions--Obviously, in this particular case, me & Marshy soon agree as its relatively simple--but its cos all your loans were fixed rate rather than variable
Since I've been working with Marshy , I've realised that perhaps because we've (Bill & me) been on top of the subject so much , we've (me & Bill) may perhaps have been too clever in our formulas, and effectively hidden some of the logic-so people can't see the audit tail
As Marshy was (hope thats the right word-lol) reluctant to look at our SS--I have completely revamped them so they show all the intermediate steps just like how Marshy works--the advantage of the SS approach of course is speed and the ability to cater for missed payments,erratic payments and constant increase in the monthly pymnt due to % increases -like FirstPlus)--a situation which then makes pen & paper cumbersome. In the future, Marshy is going to be our sounding board & a 3rd member of the Simiantics Team
The same principle as Marshy uses is embedded in our SS but we call it the Apportionment Factor (no claim on originality, it suddenly clicked to me on MSE with discussions with Marshy & Tigrae and we've used the principal ever since, & simplified our whole approach.
Be back soon
Turbo
CAG also makes mistake of assuming interest is Linear (ie constant) which it is not
No--PF
Everyone of your agreements can be done like Marshy said--I'll post up my SS for Loan 2 & Loan 8 in a min to show you & also the calculation sheets for those 2--I was going to leave it until I get the thread Understanding PPI Calculations -- Settled Loans--but seeing its topical discussion here at the moment--I'll post your actual loan solutions--Obviously, in this particular case, me & Marshy soon agree as its relatively simple--but its cos all your loans were fixed rate rather than variable
Since I've been working with Marshy , I've realised that perhaps because we've (Bill & me) been on top of the subject so much , we've (me & Bill) may perhaps have been too clever in our formulas, and effectively hidden some of the logic-so people can't see the audit tail
As Marshy was (hope thats the right word-lol) reluctant to look at our SS--I have completely revamped them so they show all the intermediate steps just like how Marshy works--the advantage of the SS approach of course is speed and the ability to cater for missed payments,erratic payments and constant increase in the monthly pymnt due to % increases -like FirstPlus)--a situation which then makes pen & paper cumbersome. In the future, Marshy is going to be our sounding board & a 3rd member of the Simiantics Team
The same principle as Marshy uses is embedded in our SS but we call it the Apportionment Factor (no claim on originality, it suddenly clicked to me on MSE with discussions with Marshy & Tigrae and we've used the principal ever since, & simplified our whole approach.
Be back soon
Turbo
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