eeyore
Member of DD Central
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Post by eeyore on Dec 1, 2021 13:31:30 GMT
The overdue Seven Sisters loan has been repaid, [but no sign of any penalty interest.]
Update at 16:11: 231 days of penalty interest equal to £20.05/£1000 for TrancheA (less the Proplend fee) now credited to the cash accounts.
The penalty interest may have been paid, but withdrawals are still blocked!
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Post by overthehill on Dec 1, 2021 14:02:01 GMT
The overdue Seven Sisters loan has been repaid, but no sign of any penalty interest.
I thought the disabling of withdrawals might be because of a loan repayment. Proplend will be glad to see the back of this one, another good display of their expertise. The penalty interest will come eventually, I've done a quick calculation of £13 for every £1000 in tranche A. I haven't checked but I'm assuming no share of the exit fee due to late repayment.
The platform is becoming less and less transparent, I've just noticed or realised that I can't even access this loan now even though I invested in it which means I waste more time checking the penalty interest is correct! They are not doing themselves any favours even though they are my top platform.
EDIT: £18 for every 1k in Tranche A, the loan was even more overdue than I had calculated, easy done when they bury the loan as soon as it's repaid!
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alibaba
Member of DD Central
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Likes: 245
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Post by alibaba on Dec 1, 2021 14:57:02 GMT
Provided that they continue with this track record I am more than happy, I am slowly but surely pulling out of AC, HNW, Somo and Kuflink and putting more funds into Proplend and Loanpad whilst keeping a close eye on CP. Maybe too many eggs in too few baskets but that is my gamble.
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Post by uksoul on Dec 1, 2021 15:35:55 GMT
Provided that they continue with this track record I am more than happy, I am slowly but surely pulling out of AC, HNW, Somo and Kuflink and putting more funds into Proplend and Loanpad whilst keeping a close eye on CP. Maybe too many eggs in too few baskets but that is my gamble. why the pullout of Kuflink?
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Post by overthehill on Dec 1, 2021 15:47:26 GMT
Provided that they continue with this track record I am more than happy, I am slowly but surely pulling out of AC, HNW, Somo and Kuflink and putting more funds into Proplend and Loanpad whilst keeping a close eye on CP. Maybe too many eggs in too few baskets but that is my gamble.
Because all but the higher return bridging loans are earning income , even if Proplend went belly up , if you're in Tranche A, investors would have to be lumbered with the UK's most useless and corrupt administrators and receivers before losing any capital !
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Dec 1, 2021 16:16:04 GMT
No problem with Kuflink just a gut feeling and purely personal approach that my two options will suit me best. I am sure that Kuflink and some of the others I am pulling out of will continue to grow and do well.
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Post by uksoul on Dec 1, 2021 16:21:02 GMT
No problem with Kuflink just a gut feeling and purely personal approach that my two options will suit me best. I am sure that Kuflink and some of the others I am pulling out of will continue to grow and do well. ok i understand....Proplend is my 1st choice and Kuflink 2nd..
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eeyore
Member of DD Central
Posts: 747
Likes: 738
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Post by eeyore on Dec 1, 2021 16:21:56 GMT
The overdue Seven Sisters loan has been repaid, but no sign of any penalty interest.
......
EDIT: £18 for every 1k in Tranche A, the loan was even more overdue than I had calculated, easy done when they bury the loan as soon as it's repaid!
£20.05/£1000 of TrancheA less Proplend's 10% fee of £2 gives a net £18.05.
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