Anyone considered or using Zopa to lend money with >5% rate?

Deemy wrote:

Zopa its not worth the risk....

The way I see it, you may make on one deal, two deals, but in the long-run your returns will be less than a no risk savings account as at some point you will hit bad debts regardless of the mechanisms they use to spread the risk... bad debts, are bad debts that WILL eat into your profits (interest), for that kind of risk I would expect 10 to 15% not 5 or 6% !

Yup, I would like you to be wrong Deemy, but it is getting hard to find reasons to convince myself that you are.
The longest thread on Zopa is. "Neither a borrower nor a lender be! " in the Loans section, savers could easily miss it and not all is relevant to them. As Zopa has made a new attractive-sounding offer to savers, all the more attractive in that it is marginally attractive, i.e. not so attractive you think it must be a scam, but I can't see how they can redeem their promise I asked I-think-we-should-be-told questions. I find the silence from Martin, from Zopa, Zopa-informed or Zopa-supporters ominous. I concluded

So, unreliable borrowers, pile in there, Zopa is very kind and generous to you.

As for lenders, I don't think I got an answer but ah well, silly me, I'd said I'd watch not just what Martin said but how he said it, that includes what he doesn't say.

Watch this space for what it doesn't say.

and that was end of thread so far.