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Post by uksoul on Apr 1, 2020 23:35:51 GMT
They didn't happen to mention what year, did they uksoul ?  LOL i get what you saying.. ..direct quote ' the relevant team have confirmed that interest will be paid tomorrow'...I assume it's not the year of the postponed 2020 Olympics....fingers crossed..
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Kuflink
Apr 2, 2020 2:37:18 GMT
via mobile
Post by spareapennyor2 on Apr 2, 2020 2:37:18 GMT
slight delay due to a new platform feature being installed
Not a fix for the new improved website then? KISS it's not still can't see what improved over the old website
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Post by uksoul on Apr 2, 2020 4:35:11 GMT
slight delay due to a new platform feature being installed Not a fix for the new improved website then? KISS it's not still can't see what improved over the old website It's for the recently improved website and 'a lot of investors requested it and it is going live on the platform soon' ..
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Nomad
Member of DD Central
Posts: 755 
Likes: 513
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Post by Nomad on Apr 2, 2020 17:29:46 GMT
Wonder what's happened to this month's interest payments? "Your interest will be paid on the first working day of every month for the duration of your investment." i was told it it will be paid April 2 because of a 'slight delay due to a new platform feature being installed' Interest received. Current deals filling very slowly...
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Post by uksoul on Apr 2, 2020 18:12:24 GMT
i was told it it will be paid April 2 because of a 'slight delay due to a new platform feature being installed' Interest received. Current deals filling very slowly... Yeah, interest received as confirmed.. Deals on several platforms experiencing slow fills which is to be expected.
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Post by uksoul on Apr 4, 2020 7:43:29 GMT
New fucntion added.. you can choose to compound your interest to the end of the loan period and then receive it along with the prinicpal.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Apr 4, 2020 7:53:28 GMT
This may have some connection to the fact that Kuflink have stated that all loans held under the umbrella of the automatic investment system have been extended by 3 months.
That came as a bit of a surprise, but I do think it was a sensible and thoughtful decision by Kuflink, even though investors had no say in the matter.
With luck some of the borrowers will still repay on time as they will not want to continue to pay extra interest.
Best wishes, SXLR.
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Post by Ace on Apr 4, 2020 10:36:18 GMT
Have I missed an email from kuflink?
I noticed the new compound button on the site, but haven't received any info about it. I have since found it described in the T&Cs, but surely I should have been made aware that these had been updated.
I also haven't been informed about the extension to the auto invest term. I have an small investment in an auto invest, but it's not due to mature in the next 3 months, so perhaps that could be an excuse, but i feel a bit miffed that I'm not being informed about what is happening on the platform by kuflink.
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Post by uksoul on Apr 4, 2020 10:55:11 GMT
Have I missed an email from kuflink? I noticed the new compound button on the site, but haven't received any info about it. I have since found it described in the T&Cs, but surely I should have been made aware that these had been updated. I also haven't been informed about the extension to the auto invest term. I have an small investment in an auto invest, but it's not due to mature in the next 3 months, so perhaps that could be an excuse, but i feel a bit miffed that I'm not being informed about what is happening on the platform by kuflink. No email was sent out, just by chance due to a delay in interest payment told of a new feature going live. You are right an email should have been sent out in advance and also that interest payments were going to be delayed.
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corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
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Post by corto on Apr 4, 2020 11:19:26 GMT
I noticed delays, too. Mine were announced by email.
I wonder if there are any further implications if one ticks the new buttons other than that one receives a little more interest and can't withdraw interim interest anymore. Haven't read the new T&Cs. Probably should. Does anybody know?
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Post by Ace on Apr 4, 2020 11:33:24 GMT
I noticed delays, too. Mine were announced by email. I wonder if there are any further implications if one ticks the new buttons other than that one receives a little more interest and can't withdraw interim interest anymore. Haven't read the new T&Cs. Probably should. Does anybody know? 8a. Compound Interest You can choose to compound interest from any Select Invest deal. Interest is accrued daily and compounded monthly on the last day of each calendar month. If a Select Invest deal matures on any day other than the last day of the month, interest will be accrued up until the deal is repaid and compound interest will be calculated pro-rata. Your compounded interest and capital will be repaid into your wallet when the Select Invest deal is repaid by the borrower. If you choose to sell a Select-Invest loan part on Kuflink's Secondary market, you will continue to accrue interest daily until your loan part is sold. You will be able to select which Select Invest deals you want compound interest to apply to. This action is non-reversible.
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corto
Member of DD Central
one-syllabistic
Posts: 851
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Post by corto on Apr 4, 2020 12:49:22 GMT
Thanks! Reads like a no-brainer.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
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Post by sussexlender on Apr 5, 2020 9:13:12 GMT
There certainly was an e mail regarding the changes.
Details of the Kuflink "changes to our business practices" were sent out on 27th March 2020 and I got the e mail at 18.06.
It contained details of the cashback offer then set out the changes thus
" In order to provide our borrowers with sufficient time to bring their loan repayment up-to-date, we have placed a HOLD on all pool investment maturing up until 30th April 2020, and automatically extend these investments for up to 3 months.
Select-Invest investments continue to run as normal".
Hope that assists. SXLR.
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Post by Ace on Apr 5, 2020 9:49:56 GMT
There certainly was an e mail regarding the changes. Details of the Kuflink "changes to our business practices" were sent out on 27th March 2020 and I got the e mail at 18.06. It contained details of the cashback offer then set out the changes thus " In order to provide our borrowers with sufficient time to bring their loan repayment up-to-date, we have placed a HOLD on all pool investment maturing up until 30th April 2020, and automatically extend these investments for up to 3 months. Select-Invest investments continue to run as normal". Hope that assists. SXLR. It's good to know that some were informed, but I did not receive that email. As I said, it could be that it was only sent to those that were directly affected. I feel that all investors should have been informed that the platform felt the need to take this action.
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Post by uksoul on Apr 5, 2020 10:00:05 GMT
There certainly was an e mail regarding the changes. Details of the Kuflink "changes to our business practices" were sent out on 27th March 2020 and I got the e mail at 18.06. It contained details of the cashback offer then set out the changes thus " In order to provide our borrowers with sufficient time to bring their loan repayment up-to-date, we have placed a HOLD on all pool investment maturing up until 30th April 2020, and automatically extend these investments for up to 3 months. Select-Invest investments continue to run as normal". Hope that assists. SXLR. It's good to know that some were informed, but I did not receive that email. As I said, it could be that it was only sent to those that were directly affected. I feel that all investors should have been informed that the platform felt the need to take this action. I also did not receive an email, my next loan due to be repaid is in 2 days April 7th. An email should have been sent to every investor for sure regardless of loan expiry.
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