qwakuk
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Post by qwakuk on Sept 3, 2023 10:20:54 GMT
Stupid question - hwo do I sell my self select loans ? There's a Sell tab, just under the search bar on the SM page. I was looking on the self select screen itself
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qwakuk
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Post by qwakuk on Sept 3, 2023 10:23:33 GMT
There's a Sell tab, just under the search bar on the SM page. I was looking on the self select screen itself Only allowed me to list 5 although 8 are performing and the rest are in default or pending update
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Post by df on Sept 3, 2023 18:58:09 GMT
I was looking on the self select screen itself Only allowed me to list 5 although 8 are performing and the rest are in default or pending update You can't sell loans that are in default, pending updates and partially repaid.
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Post by steveng on Sept 12, 2023 7:31:03 GMT
It looks this morning that the £500 minimum has now been fully implemented.
Over the past couple of weeks is has said '£500 minimum' and then let you invest the same as before (we thought that was allowing previous investments to be re-invested).
Today there is no invest button, just 'Minimum Invest amount £500.00, please top-up to invest.' in its place.
I'm disappointed it's £500 and not a smaller amount. £50 to £250 would keep me returning to the platform weekly or monthly. If I keep logging in only to find I've still not got enough to reinvest, I'm going to log in less and less and I believe projects won't get funded fast enough.
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Post by birdie on Sept 12, 2023 7:47:45 GMT
I log in most days, with £260 sat waiting for other loans to be repaid to top it up to £500 I am getting more and more frustrated as I see the next repayment kicked down the road for another update one month later or the the loan to be extended. I have 72 loans but only seem to get a repayment fortnightly if I'm lucky. If I withdraw the money sat waiting to put in a easy access account I can't see me putting it back into Kuflink, I can see them loosing a lot of investment money, particularly from the smaller infesters.
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Post by Ace on Sept 12, 2023 8:34:35 GMT
It looks this morning that the £500 minimum has now been fully implemented. Over the past couple of weeks is has said '£500 minimum' and then let you invest the same as before (we thought that was allowing previous investments to be re-invested). Today there is no invest button, just 'Minimum Invest amount £500.00, please top-up to invest.' in its place. I'm disappointed it's £500 and not a smaller amount. £50 to £250 would keep me returning to the platform weekly or monthly. If I keep logging in only to find I've still not got enough to reinvest, I'm going to log in less and less and I believe projects won't get funded fast enough. Is there a chance that you are confusing the standard and ISA accounts? The standard account enforced the £500 minimum from the date they said it would. The ISA account does not enforce the £500 minimum for previous year ISA funds. (They've implied that current year ISA funds will also be subject to the £500 minimum, but I don't have any current year ISA funds on the platform so can't confirm). At least that's how its been working for me for a while now.
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Post by steveng on Sept 12, 2023 9:18:02 GMT
It looks this morning that the £500 minimum has now been fully implemented. Over the past couple of weeks is has said '£500 minimum' and then let you invest the same as before (we thought that was allowing previous investments to be re-invested). Today there is no invest button, just 'Minimum Invest amount £500.00, please top-up to invest.' in its place. I'm disappointed it's £500 and not a smaller amount. £50 to £250 would keep me returning to the platform weekly or monthly. If I keep logging in only to find I've still not got enough to reinvest, I'm going to log in less and less and I believe projects won't get funded fast enough. Is there a chance that you are confusing the standard and ISA accounts? The standard account enforced the £500 minimum from the date they said it would. The ISA account does not enforce the £500 minimum for previous year ISA funds. (They've implied that current year ISA funds will also be subject to the £500 minimum, but I don't have any current year ISA funds on the platform so can't confirm). At least that's how its been working for me for a while now. Mine is all 'Previous years ISA' and it looks from my accounts the last sub £500 investment I was allowed to make was 7/09/23. They've locked us in with a £35 withdrawal fee (ISA transfer) and now hitting us with a minimum investment.
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rocky1
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Post by rocky1 on Sept 12, 2023 9:48:45 GMT
I log in most days, with £260 sat waiting for other loans to be repaid to top it up to £500 I am getting more and more frustrated as I see the next repayment kicked down the road for another update one month later or the the loan to be extended. I have 72 loans but only seem to get a repayment fortnightly if I'm lucky. If I withdraw the money sat waiting to put in a easy access account I can't see me putting it back into Kuflink, I can see them loosing a lot of investment money, particularly from the smaller infesters. just withdraw and put into LP will probably work out a lot better in the long term.hassle free and earning a little bit each day.
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SteveK
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Post by SteveK on Sept 12, 2023 10:27:54 GMT
Is there a chance that you are confusing the standard and ISA accounts? The standard account enforced the £500 minimum from the date they said it would. The ISA account does not enforce the £500 minimum for previous year ISA funds. (They've implied that current year ISA funds will also be subject to the £500 minimum, but I don't have any current year ISA funds on the platform so can't confirm). At least that's how its been working for me for a while now. Mine is all 'Previous years ISA' and it looks from my accounts the last sub £500 investment I was allowed to make was 7/09/23. They've locked us in with a £35 withdrawal fee (ISA transfer) and now hitting us with a minimum investment. . Yup, same for me. Although I have funds in 'Previous Years ISA', that is less than £500, I'm being met with the 'Minimum Invest amount £500.00, please top-up to invest' button! Not happy with this and also unhappy with the £35 withdrawal fee (ISA transfer). It's going to take time to reach £500 from repayments so I do feel stymied.
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morris
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Post by morris on Sept 12, 2023 13:37:44 GMT
I have £95 in an ISA to re-invest which it will not accept and so can withdraw it for a £35 fee.
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Post by Ace on Sept 12, 2023 13:51:35 GMT
I have £95 in an ISA to re-invest which it will not accept and so can withdraw it for a £35 fee. It's free to withdraw. It costs £35 to transfer to a different ISA manager to retain the isa allowance (obviously not worth doing for a £95 transfer).
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rscal
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Post by rscal on Sept 12, 2023 13:55:21 GMT
IME, there is only a £500 minimum in effect on 'NEW Isa' (current year) or 'Standard Select' (non-Isa) accounts.
Any returns can be invested on the secondary market
Previous year Isa returns can be invested at the old minimum levels (i.e. <'£2-£20' depending on time of month) AND can continue to be used to fund new investments at the sub £500 level.
I withdraw my (standard account) capital as it is repaid and can use (instant) debit card deposits on a different day to pick up small amounts in SM - still plenty of that to go around - and the same with occasional current year Isa repayments.
So far (since 21st August) I haven't had to make a single £500 drop to remain fully invested.
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Post by Ace on Sept 12, 2023 13:58:39 GMT
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morris
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Post by morris on Sept 12, 2023 19:30:15 GMT
I have spoken to them and they are looking into this issue.
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SteveK
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Post by SteveK on Sept 13, 2023 16:22:07 GMT
I raised the issue last night via chat and this morning Lisa picked it up and raised it with tech. I got an email at 13:56 stating that the issue has now been resolved. I've tried it and all now okay for previous ISA money.
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