p2pfan
Member of DD Central
Full-Time Investor
Posts: 742
Likes: 835
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Post by p2pfan on Jul 21, 2021 10:23:07 GMT
Hi Nyneil, Thanks so much for your feedback. Please be rest assured that this feature will be coming to our platform soon. Enjoy your evening! This would be wonderful! I'm very new to Kuflink, but already in 50+ loans (or deals in KUF vocabulary), it's already becoming a lengthy process to establish if I'm already in this "deal". The feature allowing to "sort by deal name" helps, but I'd prefer to avoid this detour. I don't know if Kuflink lends multiple deals to the same borrower simultaneously, but if that's the case it would be good to see borrowers' ID displayed too. Unknowingly overexposing to the same borrower has been an issue with some other platforms in the past. There was a feature to select deals as a list, but now it seems to be no other option but to see them as big squares. It could be great if the option of compact version was brought back. Agreed. For instance, there is a significant ratio of deals in Derby, for similar conversions of houses into HMOs. The description page for one of the deals mentions that the borrower is the same as that of another loan. But the vast majority of the Derby loans don't mention anywhere that the borrower is the same as any other. Therefore, it's highly confusing as to whether these are all separate borrowers in Derby (highly unlikely) or one or two that are borrowing money for different developments. With the lack of information, I've decided not to invest in further loans in Derby because I don't want to be overly-exposed to any borrower.
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Post by kuflink on Jul 28, 2021 14:42:45 GMT
Hello, we have looked at our loans in Derby and have ensured that any linked loans have comments within the lending case, we are also working on something to make it easier for all our investors to see if the loan they are looking at is linked with any other loans on the platform. Watch this space... We will let you know as soon as we have done this but for now, keep an eye on the lending case notes.
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Post by birdie on Aug 13, 2021 7:57:45 GMT
Would like to say thumbs up to Kuflink for the updated site, information is much easier to see. Steve
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Post by df on Aug 13, 2021 21:21:34 GMT
Would like to say thumbs up to Kuflink for the updated site, information is much easier to see. Steve I particularly welcome "lending case notes" (big tick for this piece of transparency) and an easy way to view my exposure in previous tranches.
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liso
Member of DD Central
Posts: 389
Likes: 394
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Post by liso on Aug 20, 2021 17:32:58 GMT
I am fairly new to Kuflink and am in a few of their loans, but I will not be investing further. The descriptions we are given on their loans is very limited, and today's loan descriptions are even more limited IMO. The info on one is so sparse as to be almost meaningless, and on 2 others some of the information is so obviously inconsistent, which Kuflink seem not to have noticed, or they have noticed but don't care. No thanks.
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Post by Ace on Aug 20, 2021 17:59:47 GMT
I am fairly new to Kuflink and am in a few of their loans, but I will not be investing further. The descriptions we are given on their loans is very limited, and today's loan descriptions are even more limited IMO. The info on one is so sparse as to be almost meaningless, and on 2 others some of the information is so obviously inconsistent, which Kuflink seem not to have noticed, or they have noticed but don't care. No thanks. Are you aware that the valuation report is available under the security tab?
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Post by overthehill on Aug 20, 2021 20:11:41 GMT
I am fairly new to Kuflink and am in a few of their loans, but I will not be investing further. The descriptions we are given on their loans is very limited, and today's loan descriptions are even more limited IMO. The info on one is so sparse as to be almost meaningless, and on 2 others some of the information is so obviously inconsistent, which Kuflink seem not to have noticed, or they have noticed but don't care. No thanks.
The most infuriating thing about Kuflink is the Due Diligence hampering near this street / half a postcode, it's the only platform I'm in that does that. Whether it is for privacy or to foil search engines, I find it distinctly suspect and very unlikely to be in the lender's best interest.
Supplemental to the inadequate loan description :
Check the borrower's credit score rating. Check whether the interest is retained for the loan duration. Stay away from the junior tiers, the interest rates are not high enough.
They have an excellent repayment record, possibly unblemished. They have a personal investment in every loan, need take that on trust as where is the evidence? There is strong pipeline of new loans to invest and diversify money quickly.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 742
Likes: 835
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Post by p2pfan on Aug 21, 2021 9:56:51 GMT
I am fairly new to Kuflink and am in a few of their loans, but I will not be investing further. The descriptions we are given on their loans is very limited, and today's loan descriptions are even more limited IMO. The info on one is so sparse as to be almost meaningless, and on 2 others some of the information is so obviously inconsistent, which Kuflink seem not to have noticed, or they have noticed but don't care. No thanks.
The most infuriating thing about Kuflink is the Due Diligence hampering near this street / half a postcode, it's the only platform I'm in that does that. Whether it is for privacy or to foil search engines, I find it distinctly suspect and very unlikely to be in the lender's best interest.
Supplemental to the inadequate loan description :
Check the borrower's credit score rating. Check whether the interest is retained for the loan duration. Stay away from the junior tiers, the interest rates are not high enough.
They have an excellent repayment record, possibly unblemished. They have a personal investment in every loan, need take that on trust as where is the evidence? There is strong pipeline of new loans to invest and diversify money quickly.
In agreement with all of the above. Yes, Kuflink redacting so much key information from the valuation report is not something that any other P2P platform I lend via does. It places lenders like us on the back foot and in a riskier position than need be. Kuflink are a great platform, but, as I've learned to my bitter cost (of very large sums of money), one must not lend one's hard-earned money with anyone merely on the basis of blind trust/minimal info.
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Post by uksoul on Aug 21, 2021 10:30:01 GMT
`one must not lend one's hard-earned money with anyone merely on the basis of blind trust/minimal info.` Amen to that!!
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