Zopa????

halight

Well thanks every one for all your postings... When i first posted about zopa i did not think that i would get this much intest!!! It seems to be a good way of makeing your money work a little bit harder...
As i said in my lat post ill be dipping in a bit and giving it a go.
Thanks all

amcluesent

TBH, you can decide which market to loan to, and the credit-worthiness of the borrowers. It may be that the high-street bank's knee-jerk halt on lending actually drives better prospects to Zopa.

easteregg_2

halight wrote: »

Well thanks every one for all your postings... When i first posted about zopa i did not think that i would get this much intest!!! It seems to be a good way of makeing your money work a little bit harder...
As i said in my lat post ill be dipping in a bit and giving it a go.
Thanks all

I would certaibly give it a go but only put in a small percentage of your savings and please use up your Cash ISA allowance first.

If you haven't signed up yet I can send you a link and I'll even give you half my referal fee if you lend out the required amount !

lectureral

I_Used_To_Lurk wrote: »

What is fucher?

I think, from the context, future (but I must admit that I ran the post with f*cker first).

john_s_2

lectureral wrote: »

I think, from the context, future (but I must admit that I ran the post with f*cker first).

Given the nature of the post, this result from Google is quite apt I think:

http://www.astrotheme.com/portraits/RY2w24sb5qUd.htm

Pobby

I like the credit union. I give a few hours a week to it as a volunteer. They have strict lending criteria (wow if only the banks had had the same) and it keeps folk from the grasp of Provident and the other nasty door step lenders.

frednbob

I've found zopa to be good, both as a lender and a borrower. If you're clever (or just plain lukcy!), you can borrow at a lower rate and then lend it back out at a higher rate, netting the difference for free......!

Jonbvn

frednbob wrote: »

I've found zopa to be good, both as a lender and a borrower. If you're clever (or just plain lukcy!), you can borrow at a lower rate and then lend it back out at a higher rate, netting the difference for free......!

Given the fees you have to pay to lend and borrow, this is generally not recommended.

It would rely on you being a A* borrower and lending to Y/C borrowers. As with any leveraged investing, it is high risk.

halight

Jonbvn wrote: »

Given the fees you have to pay to lend and borrow, this is generally not recommended.

It would rely on you being a A* borrower and lending to Y/C borrowers. As with any leveraged investing, it is high risk.

This might be fun to try but i dont think im brave enough.
This sounds the same as what northan rock did and look what happend to them:p

I dont think id like to be owned by the Gov:eek:

easteregg_2

Jonbvn wrote: »

Given the fees you have to pay to lend and borrow, this is generally not recommended.

It would rely on you being a A* borrower and lending to Y/C borrowers. As with any leveraged investing, it is high risk.

Don't forget you have to pay tax on your interest, but you cannot offset your loan against it, unless you are a business.