Kuflink IFISA - anyone doing it? Some doubts / clarity needed

janesmith

Hope you did not end up investing with Kuflink?

They have become calamitous and the company is on the brink. The nature of Kuflink's sub-prime loan book and their gross mismanagement means nearly half their loans are now in default!

Moreover they've recently changed their T&C's retrospectively to shaft their investors and their lender victims are in revolt. 

There's a thread about it here on this forum.

masonic

janesmith said:

They have become calamitous and the company is on the brink. The nature of Kuflink's sub-prime loan book and their gross mismanagement means nearly half their loans are now in default! 

According to their statistics here default rates have picked up in the last couple of years but nowhere near half their loans are in default. It's clear you feel personally aggrieved by their decision to change the way they deal with defaults (effective from last month), but that is no excuse to make factually incorrect and potentially defamatory statements against the company. It would not in any event serve your interest to harm the company while your family's life savings are invested there.