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Post by borrower on May 27, 2023 20:39:32 GMT
Not a man, not a company, just a person, wasn't trying to gamble with other's investment's, trying to pay it back Most loans are identified to us lenders via the road name and first part of the postcode. k***s c******t, BN43
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Post by Ace on May 27, 2023 20:42:02 GMT
borrower you need to hide the real name as its not allowed to identify the properties on the forum. I.e. k***s c******t.
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Post by borrower on May 27, 2023 21:59:14 GMT
But if every time I try they keep raising the amount, the refinance can't be applied - if the additional fees and interest are so large that it becomes impossible to do so what recourse is available? That doesn't seem logical to me. It sounds a bit like you feel despite the loan exceeding the agreed period, you simply wish to make a payment as if this was not the case? Obviously additional costs accrue (and on a daily basis), you must have been aware of this.? You may feel Kufflink have not been flexible enough given your individual circumstance, I suspect most lenders would just like you to settle your loan and give us our money back. Presumably when you do that the amount will stop increasing. Not at all, I fully understand that extra charges would be applied as per the agreement - but a time frame and conditions were agreed for extension to complete refinance and then changed to 30 days less, hence the difficulty.
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scooter
Member of DD Central
Posts: 346
Likes: 317
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Post by scooter on May 27, 2023 23:46:46 GMT
I really admire you for coming on here and engaging with lenders. You have to understand though that we are a bunch of investors who have been cheated out of funds by many platforms and many platforms have been cheated by many borrowers, hence we lose again.
I would like KK to explain why money is available to repay the loan but they are apparantly not engaging with you. This is the first really negative post about KK and I think KK should be given the benefit of the doubt until we here what they have to say.
I do hope things work out for you though, you sound like a decent person trying to do the right thing and there are not enough of those.
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Post by borrower on May 28, 2023 9:34:27 GMT
I really admire you for coming on here and engaging with lenders. You have to understand though that we are a bunch of investors who have been cheated out of funds by many platforms and many platforms have been cheated by many borrowers, hence we lose again. I would like KK to explain why money is available to repay the loan but they are apparantly not engaging with you. This is the first really negative post about KK and I think KK should be given the benefit of the doubt until we here what they have to say. I do hope things work out for you though, you sound like a decent person trying to do the right thing and there are not enough of those. I am really sorry to hear how many of you have been cheated out of funds, I had no idea and I didn't mean to be insensitive to you. I have had no experience in this type of lending until this loan and apologies for coming in green, it wasn't my intention to cause any further upset or stress to anyone. I agree that they should be given the benefit of the doubt which is why we have kept trying to resolve the issue and sent a very frank letter to their director asking them to clarify if this is a one off, that we have fallen through the cracks and that this is not their practice or if this is indeed a part of their business plan when a customer re-terms, as this seems so profitable for Kuflink. We have pressed and pressed them to work with us to get the loan paid. Unfortunately they have not responded to this and so with all of other other information we have we have concluded that it is in fact more in their favour to not, otherwise it just doesn't make sense. Looking at Kuflinks expansion plans and the documents on companies house it doesn't seem as though they are one of the platforms that have suffered the losses directly. I am truly sorry that so many people have.
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Post by overthehill on May 28, 2023 10:10:56 GMT
I think you have a strong case, get some good legal advice. P2P lenders can terminate receivers whenever they want or just put them hold for a short duration pending a promised payment.
Even without the details, this situation is not acceptable to me as a lender and I'm sure Kuflink will do their best to sort it out. Neither lenders nor borrowers should be treated unfairly for 3rd party profit purposes. I don't invest in these P2P companies and exit if this behaviour comes to light.
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scooter
Member of DD Central
Posts: 346
Likes: 317
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Post by scooter on May 28, 2023 10:25:25 GMT
I really admire you for coming on here and engaging with lenders. You have to understand though that we are a bunch of investors who have been cheated out of funds by many platforms and many platforms have been cheated by many borrowers, hence we lose again. I would like KK to explain why money is available to repay the loan but they are apparantly not engaging with you. This is the first really negative post about KK and I think KK should be given the benefit of the doubt until we here what they have to say. I do hope things work out for you though, you sound like a decent person trying to do the right thing and there are not enough of those. I am really sorry to hear how many of you have been cheated out of funds, I had no idea and I didn't mean to be insensitive to you. I have had no experience in this type of lending until this loan and apologies for coming in green, it wasn't my intention to cause any further upset or stress to anyone. I agree that they should be given the benefit of the doubt which is why we have kept trying to resolve the issue and sent a very frank letter to their director asking them to clarify if this is a one off, that we have fallen through the cracks and that this is not their practice or if this is indeed a part of their business plan when a customer re-terms, as this seems so profitable for Kuflink. We have pressed and pressed them to work with us to get the loan paid. Unfortunately they have not responded to this and so with all of other other information we have we have concluded that it is in fact more in their favour to not, otherwise it just doesn't make sense. Looking at Kuflinks expansion plans and the documents on companies house it doesn't seem as though they are one of the platforms that have suffered the losses directly. I am truly sorry that so many people have. If you want a response from them a 1 star trustpilot rating will usually prompt some grovelling....
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dave2
Member of DD Central
Posts: 169 
Likes: 160
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Post by dave2 on May 28, 2023 23:08:40 GMT
This seems unlikely.
We need to hear the other side of the story.
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Post by birdie on May 30, 2023 7:22:25 GMT
K****C*****BN43 is one of the loans that I am in as a lender, I could copy and past the loan updates but I'm not sure this is allowed.
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scooter
Member of DD Central
Posts: 346
Likes: 317
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Post by scooter on May 30, 2023 17:59:07 GMT
Added to DD
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Post by kuflinkirlisa on May 31, 2023 8:44:08 GMT
Good morning everyone,
Thank you for your tags and comments.
In response to the above thread, we would like to highlight that we are not able to go into detail regarding individual loans. Being FCA regulated we have guidelines and policies we must adhere to and will always stick to these protocols.
We appreciate that external market factors have affected a lot of our borrowers, which unfortunately we have had no control over. Despite this, here at Kuflink we always maintain a high level of communication with all our borrowers whilst ensuring we are Treating Customers Fairly, which is one of the key fundamentals of the FCA. This applies across the business and is upheld Please remember we have a lot of happy borrowers and investors, and we understand this may not be the case for all. We will always do our utmost to achieve the best outcome for all parties involved.
We only deal directly and confidentially with the borrower due to GDPR. However, for our investors, we will be happy to answer any queries where possible (without breaking GDPR) that you may have. You can reach our Investor Relations team by calling 01474 33 44 88 (Option 2), starting a live chat, filling out a form on our contact us page, or emailing hello@kuflink.com.
The Kuflink Team
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Post by Ace on Jun 2, 2023 13:28:31 GMT
borrower , I note that Kuflink have completely ignored your comment on Trustpilot, which is very unusual for them, even though they have commented on those either side of it. Can you say whether the situation is being addressed privately?
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scooter
Member of DD Central
Posts: 346
Likes: 317
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Post by scooter on Jun 2, 2023 19:04:22 GMT
borrower , I note that Kuflink have completely ignored your comment on Trustpilot, which is very unusual for them, even though they have commented on those either side of it. Can you say whether the situation is being addressed privately? I would say that Kuflink have completely ignorred investors concerns too. The post they made says nothing really. If they can't say it on here they could send an update sooner than the end of June.
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jnm21
Posts: 441
Likes: 166
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Post by jnm21 on Jun 3, 2023 5:40:00 GMT
borrower I wish you well - I stopped considering Kuflink when they reduced the 1st in last out 20% investment they used to make & tried to say is was for our benefit. I unfortunately would not hold out much hope for your letter to their director - the CEO did not reassure me or many of the folk on here at the time I refer to - I seem to recall feeling very patronised by their posts on here. Very best of luck to you and the investors.
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Post by borrower on Jun 3, 2023 12:24:53 GMT
borrower , I note that Kuflink have completely ignored your comment on Trustpilot, which is very unusual for them, even though they have commented on those either side of it. Can you say whether the situation is being addressed privately? They did indeed ignore it but I have received an emailed letter giving me a couple of weeks to arrange the repayment. I am still awaiting a reply to my response - asking for a firm figure to repay and for a response to my full complaint and the complaint my solicitor sent in a couple of weeks ago. The third business day from that letter would be Monday so I expect to hear back then. Thanks to the help of investors on this platform I am at least being 'dealt' with - I think - but I am very cautious due to everything that has happened up to this point. If it is just me that they have dealt with like this then there would be no harm to them publicly apologising to my Trustpilot review once they have finished investigating my complaint - I guess the only issue for them could be if I am not the only one, that this is their practice towards borrowers and a can of worms opens up
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