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Post by cauterize on Jun 7, 2022 9:57:44 GMT
Is there anything to stop you repeatedly withdrawing the funds and re-depositing multiple times? 🤔 Asking for a friend as I don't have a chase card. only good morals and a good upbringing. (i think kuff would catch on eventually,i do withdraw all funds then redeposit with debit card when a loan appears, feel a small twinge of guilt, and richer...but...... post office and NSI on the otherhand.........  Does NS&I and post office deposits work with Chase then? If so which products?
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Post by overthehill on Jun 21, 2022 15:38:12 GMT
No capital or interest losses AFAIK. Their performance and offering is every bit as good Crowdproperty esp. as lender rates converge. No cash drag for a start.
"
Here at Kuflink, we are proud to say we have now reached a fantastic milestone of £200 million of lending through our platform, and we couldn't have done it without you. We wanted to thank each of you, our investors, for putting your trust in us as a business and lending your money to our borrowers. We are so grateful for your support and the great comments we get from you directly on Trustpilot, through Live Chat, etc. It is excellent to know you think we are doing an exceptional job, and we hope that continues. We love hearing from you all, so please let us have your feedback, as without this, we would not be where we are today. Thank you again for your continued support. We look forward to achieving our next significant milestone with you by our side. As we always say, if you have any questions, our Investor Relations team are available on 01474 33 44 88 or email [email protected]The Kuflink Team
"
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 895
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Post by dave4 on Jun 21, 2022 17:32:30 GMT
No capital or interest losses AFAIK. Their performance and offering is every bit as good Crowdproperty esp. as lender rates converge. No cash drag for a start.
"
Here at Kuflink, we are proud to say we have now reached a fantastic milestone of £200 million of lending through our platform, and we couldn't have done it without you. We wanted to thank each of you, our investors, for putting your trust in us as a business and lending your money to our borrowers. We are so grateful for your support and the great comments we get from you directly on Trustpilot, through Live Chat, etc. It is excellent to know you think we are doing an exceptional job, and we hope that continues. We love hearing from you all, so please let us have your feedback, as without this, we would not be where we are today. Thank you again for your continued support. We look forward to achieving our next significant milestone with you by our side. As we always say, if you have any questions, our Investor Relations team are available on 01474 33 44 88 or email [email protected]The Kuflink Team
"
Im happy enough, customer services is excellent, no hidden cash drag, portfolio balance is correct, (cough cp), some loans are extended which is no surprise, but to date no receivers .
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tomg
Member of DD Central
Posts: 153
Likes: 176
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Post by tomg on Jun 22, 2022 6:42:25 GMT
No capital or interest losses AFAIK. Their performance and offering is every bit as good Crowdproperty esp. as lender rates converge. No cash drag for a start. Also appreciate the way you can see all your live loans together – and get a picture of accrued interest updated daily. Pretty simple stuff, but CP doesn't do it.
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scooter
Member of DD Central
Posts: 228
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Post by scooter on Jun 22, 2022 8:12:41 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one!
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
Posts: 61
Likes: 48
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Post by sussexpeer on Jun 22, 2022 17:11:50 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one! Hello scooter, Erm, I can always use pots of money, daft or not. Where are these?
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oldtimer
Member of DD Central
Posts: 210 
Likes: 155
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Post by oldtimer on Jun 22, 2022 17:15:55 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one! I would add another bug bear. Not being able to select monthly interest in their isa.
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Post by df on Jun 22, 2022 17:41:40 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one! Hello scooter, Erm, I can always use pots of money, daft or not. Where are these? I think it's a reference to multiple cash accounts. I've had problem with this - my uninvested cash appeared in ISA cash account (I don't have ISA with KL) and I couldn't get it out of there. I phoned KUF and it was all sorted (customer care is good).
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scooter
Member of DD Central
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Post by scooter on Jun 22, 2022 18:45:46 GMT
Hello scooter, Erm, I can always use pots of money, daft or not. Where are these? I think it's a reference to multiple cash accounts. I've had problem with this - my uninvested cash appeared in ISA cash account (I don't have ISA with KL) and I couldn't get it out of there. I phoned KUF and it was all sorted (customer care is good). Yes, you can't buy one investment from two accounts. So you end up having an investment of £12.34 because it's the only way to use it up. And yes, I explained it very badly didn't I!
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tomg
Member of DD Central
Posts: 153
Likes: 176
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Post by tomg on Jun 22, 2022 20:15:35 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one! I would add another bug bear. Not being able to select monthly interest in their isa. Well yes up to a point. But if comparing to CrowdProperty, very few of their loans offer monthly returns, ISA or no ISA. The fact you can choose this (outside an ISA of course) in Kuflink was another positive surprise.
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Ace
Member of DD Central
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Post by Ace on Jun 22, 2022 20:51:10 GMT
I would add another bug bear. Not being able to select monthly interest in their isa. Well yes up to a point. But if comparing to CrowdProperty, very few of their loans offer monthly returns, ISA or no ISA. The fact you can choose this (outside an ISA of course) in Kuflink was another positive surprise. You don't get to choose whether interest is paid monthly on CP, the platform chooses. It's not true to say that very few pay monthly. Generally all Phase 1 loans and all single phase loans pay monthly (there are a few odd exceptions). As a small, easy to count, sample, that would be 13 of the 22 upcoming loans. Where Kuflink do win is that they actually pay the monthly interest on schedule without fail. CP often pay the retained monthly interest outrageously late, certainly up to 60 days late. I rate K and CP roughly equal these days. I'm happy to lend on both.
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Post by overthehill on Jul 30, 2022 7:35:33 GMT
Very active but I wish they'd use decent formatting and fonts, it's like the first edition of a student newsletter with a new desktop publishing software gone wild.
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Post by overthehill on Oct 11, 2022 19:53:33 GMT
There is currently a 33% LTV loan at 7.12% on Kuflink. I was going to post in the Loanpad board but decided too glib, not quite the same as full diversification of your funds.
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