marka
Member of DD Central
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Post by marka on Mar 3, 2018 9:41:50 GMT
What is happening with "L*******d House RG10"?
The loan was initially slated to end on 16/2, then it slipped to 23/2, then most recently to 3/3 but with a warning that they probably wouldn't make that date either (so why bother setting it?)
As of 3/3 it appears on the "Repaid Loans" tab, and under "My investments" it is described as "Deal closed, interest + principal has been paid", but in fact no repayment of principal or interest has been made.
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puddleduck
Member of DD Central
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Post by puddleduck on Mar 3, 2018 9:42:50 GMT
Hi
This shows as 'Deal closed, interest + principal has been paid', but the note on 22nd shows: 'The borrower has confirmed the refinance for this loan will not be in place by 03/03/2018'
So did this actually repay? (no re-paid principle is showing)
Thanks
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puddleduck
Member of DD Central
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Post by puddleduck on Mar 5, 2018 17:28:51 GMT
I see the status has changed, and no longer shows as repaid.
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Post by Olivia on Mar 6, 2018 11:48:55 GMT
Hi all,
I can confirm L******** House has not been repaid as of yet. We are still awaiting the borrower to complete their refinance therefore we have put a tentative date of 9/03/2018. I will talk to our collections officer today to get a more defined answer of when we can expect funds! You will continue to earn interest daily until the loan has been repaid in full.
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puddleduck
Member of DD Central
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Likes: 489
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Post by puddleduck on Mar 13, 2018 9:47:24 GMT
Dissapointing latest update - from a report that this was actually re-paid to giving the borrower another 6 months extension to re-finance!
I don't think kicking the can down the road ever works - if the borrower is having problems with mainstream re-financing now, the reasons for another 6 months seem nebulous at best.
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Post by emilyg2010 on Mar 18, 2018 20:52:38 GMT
I'm in this loan too. Not good news for the borrower having to pay all the extra interest for another 6 months. I'm wondering what reason this Borrower's finance application feel through and why Kuflink failed to forsee it during their due dil.
To be honest I'm very worried about Kuflink's health. Danny has left suddenly and customer service has not been great lately.
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