Zopa.com - Any Experiences?

adampj

Hello All,

I've just signed up with Zopa.com, as this idea of lending seems very reasonable and the potential returns far outway the interest rate offered by Banks and Building Societies currently. Obviously, there appear to be minimal risks through all the new security/identity/affordability checks Zopa now do, but I just wanted to try and get a feel for the site and the users of it.

Has anybody here on the boards had any experiences with Zopa, good or bad? I've transferred £50 in to my account which has now been lent over 36 months, at rates between 9.1% and 12.1% in terms of return.

- The link for the website (non affiliated) is http://www.zopa.com.

I look forward to hearing from you all, remember experiences Good or Bad!

I would like to put some more money in here but I just want to hear others thoughts on this before hand. To me initially it sounds a great way to beat the credit crunch, or is it too good to be true?

Thanks All!

Adam.

Lokolo

Affliated links can only go into the afflilated forum. Remove it now. <-- Thanks

There is also another thread about Zopa already.

http://forums.moneysavingexpert.com/showthread.html?t=1421029

adampj

Hello, Lokolo, thanks for your reply. My apologies, I was searching Main Site not forum!

Thanks very much,

Adam.