Why's my Zopa rating so low?

ferry

Just thought I'd run this past you all..
I have been give a B rating on a loan for £1000 @ 17.9%.
Based on their questions I thought I would rate higher as I'm on a good income,little other credit commitment and have a mortgage,work full time,no defaults,CCJs etc.?

What would they take into consideration here in awarding a B rating?

Cheers
F.

PNPSUKNET

how old are you?

ferry

I'm 39 years old

dgl1001

ferry wrote: »

Just thought I'd run this past you all..
I have been give a B rating on a loan for £1000 @ 17.9%.
Based on their questions I thought I would rate higher as I'm on a good income,little other credit commitment and have a mortgage,work full time,no defaults,CCJs etc.?

What would they take into consideration here in awarding a B rating?

Cheers
F.

im led to believe that all of the ratings are above average. The ABCY rating are just for their use and do not correspond to any other rating

Gorgeous_George

That's a cracking rate to be honest.

Remember, there is a £118.50 fee included in the APR. Borrowing such a small sum makes the APR higher due to the effect of the fee.

GG

jamesd

B is quite a good rating at Zopa. Zopa is a poor choice for a loan of £1000 because of the fee. Better to go for a credit card with a balance transfer to a current account deal, say the Virgin card. Or to use a card with 0% for purchases and spend as much as possible of your living costs on it to save the money you're after.