jcb208
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Post by jcb208 on Aug 24, 2023 17:21:41 GMT
Lets be honest they should never of changed the system that worked well
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 25, 2023 8:30:26 GMT
Just made my first withdrawal (£60) for many years. I know it's not going to cause shock waves through Kuf Towers but if enough did it..........?
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Post by uksoul on Aug 25, 2023 8:42:48 GMT
Just made my first withdrawal (£60) for many years. I know it's not going to cause shock waves through Kuf Towers but if enough did it..........? I think many will be withdrawing similar amounts due to the new £500 min limit. I`m doing the same.
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rscal
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Post by rscal on Aug 29, 2023 16:15:54 GMT
Just to point out the SM gets refreshed each working day about 4.15pm. The first new loans since Friday have recently gone up. That is a good time to hang on to your non ISA account redemptions to grab small (sub £500) amounts if it suits you. The [previous] ISA self-select seems to allow anything above £15 (I think it must be set at '10 pence a month' min interest now!)
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Post by Ace on Aug 29, 2023 18:07:24 GMT
Just to point out the SM gets refreshed each working day about 4.15pm. The first new loans since Friday have recently gone up. That is a good time to hang on to your non ISA account redemptions to grab small (sub £500) amounts if it suits you. The [previous] ISA self-select seems to allow anything above £15 (I think it must be set at '10 pence a month' min interest now!)It's the amount required to earn at least 1p in the remaining days of the current month. So, it increases each day as we approach the end of the month.
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Post by honeybadger on Aug 29, 2023 19:12:42 GMT
The value proposition on the most recent loans is frankly... pants.
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rscal
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Post by rscal on Sept 1, 2023 13:22:05 GMT
Tried using just the 'available balance' in my current year ISA wallet with this month's interest today but was rebuffed - it's the same '£500 minimum' applies there as opposed to the 'previous' wallet concession. That is 'unequal treatment' because it means you may not keep current year fully topped and deployed. The same SM option as a back-up as for the non ISA select wallet.
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Post by Ace on Sept 1, 2023 13:31:42 GMT
Tried using just the 'available balance' in my current year ISA wallet with this month's interest today but was rebuffed - it's the same '£500 minimum' applies there as opposed to the 'previous' wallet concession. That is 'unequal treatment' because it means you may not keep current year fully topped and deployed. The same SM option as a back-up as for the non ISA select wallet. For a 0.25% fee, you could sell small loans from your previous year ISA account and buy it back in your current year ISA or standard account! Might need to do it in the small hours to avoid others buying your loans!!! You could then use the proceeds in your previous year ISA account to buy more small loans. I haven't tried it, but don't see why it wouldn't work.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Sept 1, 2023 13:35:41 GMT
I'm hoping I'm starting to annoy them a bit now; I'm on more than ten withdrawals since the rules changed ranging from £20 to over £100.
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rscal
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Post by rscal on Sept 1, 2023 16:20:10 GMT
I'm hoping I'm starting to annoy them a bit now; I'm on more than ten withdrawals since the rules changed ranging from £20 to over £100. Ar, but unlike AC, KF does have a de minimus limit of '£5' on withdrawals (.. so you can't really annoy them!) However, I do think you can have as many '£5' withdrawals per day as you want.
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Post by df on Sept 1, 2023 18:05:34 GMT
I'm hoping I'm starting to annoy them a bit now; I'm on more than ten withdrawals since the rules changed ranging from £20 to over £100. I have no intension to annoy them, but have to admit the number of my withdrawals are now more frequent than before the introduction of £500 rule. Made two withdrawals today, interest late morning and sold loans this afternoon. It's a temporary inconvenience for KUF, this time next year there will be hardly any of our kind left to deal with. I've decided on wind down strategy, but I'm sure many will sell off soon if not already have done it.
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Post by Ace on Sept 1, 2023 18:15:18 GMT
There are hardly any small loan parts on the SM now. I'm guessing that those wishing to sell up have already gone.
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Post by df on Sept 2, 2023 20:50:24 GMT
There are hardly any small loan parts on the SM now. I'm guessing that those wishing to sell up have already gone. Definitely were some yesterday . I've put 5 small parts for sale and they were all bought within an hour after I received e-mail from KUF that they are on sale. 4 of the 5 were sub 7%.
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qwakuk
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Post by qwakuk on Sept 3, 2023 10:14:37 GMT
There are hardly any small loan parts on the SM now. I'm guessing that those wishing to sell up have already gone. Definitely were some yesterday . I've put 5 small parts for sale and they were all bought within an hour after I received e-mail from KUF that they are on sale. 4 of the 5 were sub 7%. Stupid question - hwo do I sell my self select loans ?
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Post by Ace on Sept 3, 2023 10:16:23 GMT
Definitely were some yesterday . I've put 5 small parts for sale and they were all bought within an hour after I received e-mail from KUF that they are on sale. 4 of the 5 were sub 7%. Stupid question - hwo do I sell my self select loans ? There's a Sell tab, just under the search bar on the SM page.
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