Zopa has simplified its offering to lenders as it seeks to take marketplace lending truly mainstream.
zopa
If you’ve been put off by the lack of a guarantee on your savings at Zopa, the new Safeguard option might be a reason to take another look.
I have now seen a third debt go ‘bad’ at Zopa, the peer-to-peer lender. This time it was in the A market, which is supposedly pretty safe.
Alas it seems Zopa, the UK peer-to-peer lender, isn’t immune to the downturn – at least not if my recent experience is anything to go by. Readers may recall I was worried that bad debts would rise at Zopa as far back as March 2008. My fear was that consumers starved of finance by the [...]
A quick update on Zopa, the UK-based peer-to-peer lender that has been proving its worth for both lenders and borrowers during the credit crunch. As I wrote last month, interest rates had been rising for Zopa lenders, but the spike up in bad debt that I feared might have occurred due to the credit crunch [...]
Back in March 2008, I asked if rising interest rates at Zopa, the British peer-to-peer lender, were an opportunity for cash-rich savers or an accident waiting to happen: In the A*, 24-month market, I seem to be in the zone with an interest rate of 10.5%, which Zopa estimates will give me 9.5% after bad [...]
Just when peer-to-peer bank Zopa was getting interesting again thanks to higher rates, it’s somewhat annoyingly announced plans to limit the kinds of loans you can make with your savings. The new regime will see one, two and four-year loan terms scrapped, with only 36 or 60 month loans being offered to borrowers. This means [...]
A quick update to my post of last week discussing Zopa rates rising because of the credit crisis. Rates have now come down – my main lending offer to A* customers is now out of the ‘Zone of Possible Agreement’ (ZOPA), which in English means people can get such better rates from other Zopa lenders [...]
I’ve just been checking out my Zopa savings account, where I’ve noticed interest rates are going up. I only ever lend to A and A* borrowers (people with great or better than great credit records) and the rate Zopa is quoting me as competitive is much higher than usual. In fact, in the A*, 24-month [...]
I’m a bank manager, don’t you know. Okay, I’ve been experimenting with Zopa, a peer-to-peer site for lenders and borrowers. Zopa is like an Ebay for money, in that you deal directly with Joe Public rather than institutions. If you fancy trying it, follow this link to Zopa and we’ll both get an introductory bonus. [...]