Zopa??

TechnoBadger

.


Indeed, the tables have turned.

Zopa was until recently a lender's market, now it is clearly favouring the borrowers!





.

I_know_my_ABC_and_my_CMYK

How strange I thought Zopa was an italian card game

CoogarUK

Well, now you know that it's also a p2p lending & borrowing lottery

suncoast

A bit of fact for people interested in zopa – In roughly 18 months I have been able to lend out just over 20k at rates between 12 and 13.5% - have a small number of loans in collection but no materialized bad debt yet (touch wood – although I also accepts its only a matter of time) – zopa sure isn’t perfect but as a relative low risk investments its pretty good and their bad debt levels to date r excellent.
Coogar is a nice !!!!! cat but he ain’t the brightest but he does purr hard – all the best for Christmas old bean – take it easy and hope 2 see u back at zopa soon!
Ps before u get in their 1st – don’t ask how HSBC r doing – I GOT THAT ONE WRONG!

TechnoBadger

I think that the following thread is a good example of how friendly the Zopa experience can be:

http://talk.zopa.com//index.php?showtopic=3448&pid=40096&st=0&#entry40096

I'm pleased to be one of his new lenders.

Kavanne

Re: Car finance. is 8% the APR or flat rate of the HP? Watch out!!

I lend on zopa and I assure it is not a con. It is the only one of my investments doing anything positive at the moment!!!

TechnoBadger

There's still an unusually high amount of £1.5M available on the Zopa markets - and only 4 listings (a second way to borrow) to compete with. So are the rates offered to lenders competitive?

jamesd

Clearly they are competitive enough for some lenders or those lenders would have moved their money elsewhere. The start of the year is usually a busy time so that pot of money will surely decline during this month.

The case for Zopa where everyone wins on rates is people doing credit card conversions to loans, from credit card rates over 20%. Borrowers can save money and still pay off as fast as they like and lenders can make more than they would from a savings account. Borrowers should still shop around for the best deal, of course - Zopa is just one option.

Doesn't work for those with the very best credit scores who can get cheap long term credit card deals but there's no shortage of people in the middle who can benefit.

CoogarUK

I'm pretty confident in thinking that very few borrowers currently paying more than 20% on a credit card would qualify for a Zopa loan.

_bankrupted

I looked at Zopa around a year ago (as a lender). For me the reward/risk ratio did not stack up. Maybe I should revisit the idea. I recall returns of around 7~8% (but then needed to be adjusted for bad debt which would be unknown)

I suspect though a stock market investment over the next 12-24 months will outstrip most investments. FTSE 100 is (was) around a 13 year low just before Christmas. Technically it has returned 12% a year over the last 100 years (not the FTSE but LSE investment in general) There is a lot of catching up do when the last 13 years have returned 0% per year.

The fundamental model of greed/fear is not about to change. It will take a few million years of Darwinian evolution to change that.

Now off to read those Zopa forums again...