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anyone heard of zopa?

suzy35
suzy35 Posts: 33 Forumite
in Loans
thinking of getting a loan with zopa but they are not a bank anyone heard of them?

Comments

  • borders_dude
    borders_dude Posts: 1,974 Forumite
    suzy35 wrote: »
    anyone heard of zopa?

    I have yes.
    When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
  • kuohu
    kuohu Posts: 913 Forumite
    Part of the Furniture
    I have, yes
    DFW Nerd 035
  • suzy35
    suzy35 Posts: 33 Forumite
    are they reliable to get a loan with?
  • ollyshaw
    ollyshaw Posts: 704 Forumite
    Part of the Furniture Combo Breaker
    I have used them for a loan before. Was great for me as there was no early settlement fee. If you are a zopa borrower there are no issues. If you are a lender you have to tread more carefully.

    Olly
    ## No signature by order of the management ##
  • suzy35
    suzy35 Posts: 33 Forumite
    thanks olly
  • suzy35
    suzy35 Posts: 33 Forumite
    olly.is there lots of paperwork?
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Can I suggest a search of the forum as Zopa have been discussed before.

    Oh and yes I've heard of them.
  • ollyshaw
    ollyshaw Posts: 704 Forumite
    Part of the Furniture Combo Breaker
    suzy35 wrote: »
    olly.is there lots of paperwork?

    Hi Suzy

    I can't remember there being too much, although they did ask my employer to confirm my salary. This was probably as I was moving jobs at the time (which was why I wanted the loan).

    Olly
    ## No signature by order of the management ##
  • feefeelalabelle
    feefeelalabelle Posts: 548 Forumite
    my partner is a zopa lender, seems like a good site but we have never borrowed from anyone on there x
    need to pay my dad back challenge[STRIKE]£3000: £2950: £2750: £2640:£2560:£1560[/STRIKE]:D £0.00:D

    I AM A MEMBER OF THE ELITE....STRIP CLUB MEMBER 22
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    suzy35 wrote: »
    is there lots of paperwork?
    None at all in my case, though some people might be asked for recent bank statements or payslips. After much of a year I haven't had even a single piece of paper coming in the post from them but they might later be required to send out annual statements to follow lending laws; not sure about that.
This discussion has been closed.
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